Shippers Association Cautions Terminal Operators On Tariff Increase
The Shippers Association of Lagos (SAL) yesterday cautioned terminal operators and shipping lines against increase in charges and rates in…
Category: Local
Ex-TD Ameritrade CEO warns meme stock traders that leverage could ‘rip your arms off’
Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday about using leverage to try…
Forex: ABCON Bans Street Hawking, Moves To Cut Rate
The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to…
Oil Industry’s Future At Risk, Barkindo Warns Nigeria, Others
The Secretary-General of the Organisation of the Petroleum Exporting Countries, Mr Mohammad Barkindo, has warned that the future of the…
Nigerian Banks Lend To Customers At Higher Rate Despite Cheap Funds
Nigerian banks access low cost funds from individual/corporate deposits, interventions from the Central Bank and development finance institutions but lend…
Twitter Deletes President Buhari’s Post For Violating Rules
President Buhari had in a tweet shared on Tuesday, evoked Nigeria’s civil war experience which was fought between 1967 and…
Why We Want 20% Stake In Dangote Refinery – NNPC
The Nigerian National Petroleum Corporation, NNPC, has moved to explain its recent bid to acquire 20 percent stake in the…
IMF Offers Bailout To Second African Nation In Less Than A Week
The International Monetary Fund staff agreed to provide a $1 billion facility to Uganda, the lender’s second bailout to an…
NNPC Decries Destruction Of Rail Lines For Oil, Gas Pipe Transportation
The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country’s rail lines, especially from…
OPEC+ Gives Little Away As It Sees Oil Market Tightening
OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give…
Nigeria’s Furniture Export Rises As Cyrus Doors Enters Alaro City
Nigeria’s furniture export profile has received a boost with the move by Cyrus Doors and Joinery, a leading manufacturer and…
PFAs Invest N8.3tr In FGN Securities
Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets…
Federal Government Targets Private Refineries To Offtake Over 300,000bpd
Except Dangote and other private refineries coming on board give preference to the Federal Government for patriotism sake, the NNPC…
Nigerian Banks Spend Billions Annually On KYCs
A KPMG report has revealed that Nigerian banks spend billions of naira annually to implement the Know Your Customer (KYC),…
How Wema Bank Is Supporting Nigerians With Loan Offerings
There are many reasons to take out a loan. From needing a bigger shop or office space to buying a…
External Reserves Dropped By $640m In May – CBN
The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28.…
Stock Market Sheds N812bn In May As Investors Weigh Options
The rally witnessed in the equities market in April was halted in May as rising yields in the fixed income…
7,000 Oil Reserves Discovered, Only 1,700 Producing – Nigerian Government
The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only…
We’re Significantly Decongesting Lagos Ports, Says NPA
The Nigerian Ports Authority has said it is making significant progress in decongesting the ports in Lagos with the e-call…
Nigerian Equities Could Rise, But Upside Is Capped
Global X MSCI Nigeria ETF (NYSEARCA: NGE) provides predominantly U.S. investors with the chance to gain direct access to the…
Nigerians Trade N69.29bn Bitcoin In Five Months Despite Ban
Nigerians traded N69.29bn ($169m) in bitcoin volume in the first five months of 2021, according to data analysed from www.usefultulips.org.…
NNPC Plans To Acquire Stakes In Six Private Refineries
The Nigerian National Petroleum Corporation on Monday said it is currently considering equity participation in some private refineries across the…
Stock Investments Drop By N1.02trn As Buyers Shift To Fixed Income
Investments on the Nigerian stock market declined by N1.022 trillion in the first five months of the year. Capital market…
Nigeria Opens Bid For Highway Development, Management
The initiative is aimed at creating alternative sources of financing road development and management in the country. The Federal Ministry…
Federal Government: $40bn Investments Needed To Boost Power Supply In Nigeria
The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring an…
Corrected-Forex-Dollar In Doldrums As Traders Ponder Fed Policy Path; Sterling Soars
The dollar languished near multi-month lows versus major peers on Tuesday, as traders pondered the prospects for early policy normalisation…
Apprehension As Naira Crashes To N700/£1 At Parallel Market
The foreign exchange (Forex) market in Nigeria was thrown into a panic mood on Monday when the value of the Naira significantly depreciated against the Pound Sterling at…
Nigerian FX Volumes Rose 0.72pc To $1.25bn Week Ago
ABUJA: A total of $1.250 billion traded across Nigeria’s currency markets last week, up 0.72% from a week earlier, driven…
Coming Supreme Court decision in major LGBT rights case seen as bellwether of conservative court
The Supreme Court is expected to release a decision in the coming days that could provide the first glimpses of…
Nigeria Records N5tr Non-Oil Exports
More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year.…