Analysts Forecasts Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see…
Category: Local
Nigerian Stocks In Longest Losing Streak So Far In 2021
Nigerian equities mounted further loss on Monday as the bourse of Africa’s largest economy saw its longest losing streak so…
Nigeria-Niger Rail Line To Boost Trans-Saharan Trade – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the decision of his regime to construct a rail line…
Oil Holds Rally After Report Points To Shrinking U.S. Stockpiles
Oil was steady near $58 a barrel as an industry report pointed to a drop in U.S. crude stockpiles, adding…
Bitcoin ‘Can’t Be Stopped’: Nigerians Look To P2P Exchanges After Crypto Ban
“There’s no stopping crypto, [it’s] the future and we won’t let some old fools take our future from us,” one…
Central Bank Of Nigeria Diaspora Remittance Policy And How Nigerians Are Reacting
AS part of measures to promote transparency in the management of diaspora payments, the Central Bank of Nigeria (CBN) recently…
Banks Begin Closure Of Cryptocurrency Accounts
The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks…
Access Bank Partners American Express To Expand Cards Acceptance In Nigeria
Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in…
AU Allocates 42 Million Vaccine Doses To Nigeria, CACOVID Donates Oxygen
NIGERIA will soon receive over 42 million doses of COVID-19 vaccines that will cover an estimated 45 per cent of…
Nigeria Records 45% In Broadband Penetration –Federal Government Of Nigeria
The Federal government on Monday said the broadband penetration in the country has moved from 38% last year to 45%,…
Federal Government Of Nigeria Plans To Replace Bank Verification Number With National Identity Number
The Federal Government yesterday said arrangements were on-going to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The…
E-Payment Transactions Rise By 50.3%, Hit N162.95Tn
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales…
International Monetary Fund Rules Out Nigeria’s Full Economic Recovery Before 2022
Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International…
Petroleum Industry Bill Passage Will See Changes To Oil Companies’ Taxes, Says Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the passage of the Petroleum Industry Bill…
Oil’s Remarkable Rise To Pre-Pandemic Levels Could Be Big Catalyst For Nigeria
Brent, the benchmark for Nigeria’s crude oil, extended its rebound on Monday, hitting the $60 per barrel mark for the…
Minister: Investment In Sugar Industry Will Provide Jobs For Youths
Minister of Industry, Trade Investment, Chief Niyi Adebayo, has reiterated commitment of the federal government to partner with private and…
9 Fundamental Principles That One Must Follow While Investing
Almost everybody knows that wealth creation is a marathon race, but still many practice sprints. While a marathon focuses on…
Central Bank Of Nigerian Sticks To Unpopular Option On Digital Currency
Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to…
Nigerian Stock Market Extends Losing Streak, Sheds N80bn
The nation’s stock market fell further on Monday, extending its losing streak to six consecutive trading sessions as profit-taking persisted.…
Nigerian Stock Exchange’s Demutualisation Excites Corporate Affairs Commission DG
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation…
Federal Government of Nigeria Lists January Savings Bonds
The Federal Government at the weekend listed two new tranches of its Federal Government of Nigeria Savings Bond (FGNSB) on…
CWG Posts N11.8bn Revenue
CWG Plc, one of Nigeria’s leading information and communication technology solutions and service providers has recorded a profit after tax…
Stock Market Sheds N368bn as Investors Take Profit
The Nigerian stock market shed N368 billion last week following profit-taking activities by some investors after the massive gains in…
Nigeria’s Security and Exchange Commission Unveils New Rules For Nominee Companies
The Securities and Exchange Commission has asked all persons not registered by the commission as custodians, carrying on the business…
Uptick In Fixed Yield Triggers Massive Sell Off In Equities
The marginal uptick in yields in the fixed income market propelled massive selloff on the equity sector of the Nigerian…
Petrol Price May Hit N190 As Oil Nears $60
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol)…
Endless Turnaround Maintenance:Outrage, Anger Over Nigeria National Petroleum Corporation’s $1bn Loan For Refineries
The Federal Government may soon be on a collision course with Nigerians over its plan to seek a US$1 billion…
Stakeholders Demand Six-Month National Identification Number -Subscription Identity Module Linkage Deadline Extension
Stakeholders in the telecom space have called for further extension of the National Identification Number and Subscriber Identity Module integration…
Inside Nigeria’s Multibillion-Dollar Abandoned Oil, Gas Projects
Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in…
Hedge Funds Bet On Oil’s ‘Big Comeback’ After Pandemic Hobbles Producers
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’…