Equity Market Investors Lose N1.55tn
In February, investors in the Nigerian equity market suffered significant losses amounting to approximately N1.55 trillion due to the allure…
Category: Market
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) market, marking its…
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, raising concerns about sluggish demand.…
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 exchange rate between the naira and…
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 as cooking gas and…
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 of operations…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in foreign exchange transactions, as revealed…
Alan Kyerematen Plans to Revitalize Ghana’s Economy
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great Transformational Plan (GTP) aimed…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of 2,500 metric tonnes of cocoa…
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 foreign exchange…
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks…
Port Harcourt Refinery Undergoes Test-run
The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test runs, with refined petroleum…
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted supply to the Nigeria-Morocco…
Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is preparing to import crude oil from…
Global Markets Extend Slide as Rate Cut Hopes Diminish
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S. interest rate…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented by the Independent Petroleum Marketers…
New E-Dividend Portal in Nigeria to Be Operational by November 30, 2023, Says SEC
The Securities and Exchange Commission (SEC) in Nigeria has announced that the new e-dividend portal is expected to become operational…
IMF and World Bank Confirm 2023 Annual Meetings in Morocco Despite Recent Earthquake
The International Monetary Fund (IMF) and the World Bank have confirmed that their scheduled 2023 Annual Meetings will proceed in…
Global Debt Skyrockets to $235 Trillion, With US and China Accounting for Half
The world’s total debt has surged to a staggering $235 trillion, with the United States and China contributing a significant…
Private Employers Caution Against Impending Nigerian Labour Congress Strike
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress (NLC), emphasizing that…