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Japan warns against rapid FX moves, reiterates readiness for action
Japan is prepared to intervene against excessive market movements as the yen approaches 160 to the dollar, top!-->…
Chinese automakers retain grip over Southeast Asia’s booming electric car…
Electric vehicle (EV) sales in Southeast Asia have more than doubled in the January to March quarter compared to!-->…
NNPC, TotalEnergies Commit $550m To Boost Domestic Gas Market
In a significant move to enhance Nigeria's oil and gas production, NNPC and TotalEnergies have announced a $550!-->…
Dangote refinery enters Asian market, ships first low-sulfur oil to Singapore
Nigeria’s Dangote Refinery is set to dispatch its first shipment of low-sulfur straight-run fuel oil (LSSR) to!-->…
Shell to acquire Singaporean LNG firm Pavilion Energy from Temasek
Shell has announced its acquisition of Singaporean LNG company Pavilion Energy from Temasek, aiming to bolster its!-->…
Nigeria’s FX reserves stablise at $33.16bn amid inflation surge
Nigeria's foreign exchange (FX) reserves have demonstrated remarkable stability, holding firm at $33.16 billion,!-->…
Google Eyes HubSpot Acquisition to Challenge Microsoft in Cloud Software
Google's parent company, Alphabet, is reportedly considering acquiring HubSpot, a marketing software company!-->…
International Breweries Gets SEC Nod for N588 Billion Rights Issue to Ease Debt…
International Breweries has secured approval from the Nigerian Securities Exchange Commission (SEC) to proceed!-->…
Weststar Unveils the Luxurious Mercedes-Benz GLS Facelift in Nigeria
In a move to redefine luxury SUVs, Mercedes-Benz Nigeria, through Weststar Associates Limited, has unveiled the!-->…
NGX lists N4.08bn AVA Infrastructure Fund
The Nigerian Exchange Limited has recently added the AVA Infrastructure Series 1 Fund, worth N4.08 billion, to its!-->…
Capital Market Declines by 1.36%
The Nigerian capital market experienced a 1.36% decline last week, attributed to losses by key equities including!-->…
Local Refinery To Buy Crude In Naira — FG
iThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a new template to facilitate!-->…
US has not asked India to cut Russian oil purchases, American official says
The United States hasn't told India to stop buying oil from Russia. Instead, they want to make sure the global oil!-->…
Markets brace for federal reserve speech over rate cuts
As markets navigate a shaky start to the second quarter, all eyes are on Federal Reserve Chair Jerome Powell's!-->…
Banking sector slumps on NGX amid minimum capital requirement
The Nigerian banking sector experienced a downturn on the Nigerian Exchange Limited (NGX) yesterday, fueled by!-->…
Nigeria’s crude oil grades near $90 on Russia-Ukraine conflict
Nigeria's oil futures, including Brass River and Qua Iboe, experienced gains on Wednesday due to escalating!-->…
LCCI raises alarm over soaring Inflation
The Lagos Chamber of Commerce and Industry (LCCI) has expressed deep concerns regarding the continuous rise in!-->…
Equity Market Investors Lose N1.55tn
In February, investors in the Nigerian equity market suffered significant losses amounting to approximately N1.55!-->…
Naira Records First Gain at Official Market After Rate Hike
The Nigerian naira has experienced a slight appreciation of 0.39 percent in the official foreign exchange (FX)!-->…
Oil falls on US demand worries, interest rate fears
Oil prices experienced a decline on Thursday following a larger-than-expected build in U.S. crude stockpiles,!-->…
Exchange Rate Fluctuates, Naira hits N1,900 and Rebounds to N1,354 Against USDT
In the past twenty-four hours, the Binance cryptocurrency platform encountered significant turbulence as the!-->…
Hardship Increases over high Prices of Cooking Gas and Diesel
Nigerian households and businesses face increasing challenges due to the rising costs of essential resources such!-->…
TotalEnergies’ Akpo West Field to Increase Output
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement!-->…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in!-->…
Nigerian Exchange Records N849 Billion Loss
On Tuesday, the Nigerian Exchange witnessed losses spurred by declines in BUA Cement, Sterling Financial Holding!-->…
Alan Kyerematen Plans to Revitalize Ghana’s Economy
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great!-->…
Dollar Supply Surges, Naira Closes Week at N1435.53/$
In the official foreign exchange market, dollar supply witnessed a significant increase, rising by 180.59 percent!-->…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of!-->…
Bullish Trading on Stock Market, Gaining N902bn
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion.
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Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus!-->…