FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month. A circular by…
Category: Market
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to apply for affordable…
Musk Continues To Sell Shares After Twitter Poll
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share in his company worth about…
Alibaba, JD Enjoy Record Singles Day Despite Tech Crackdown
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it…
Federal Government of Nigeria To Use NIN To Identify, Monitor Internet Users In Nigeria – Pantami
The Federal Government has stated that it plans to use the mandatory National Identification Number (NIN) to identify and monitor…
CBN Urges Nigerians To Embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital currency. The Director Corporate Communications…
Reps Ask CBN To Recover NNPC’s Funds In Banks
The House of Representatives has sought the intervention of the Central Bank of Nigeria (CBN) over recovery of funds belonging…
Twitter To Launch Dedicated Crypto Team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is setting up a team dedicated…
Flutterwave Acquires Disha, A Creator Platform That Planned To Shutter In February
In February, Disha, a Nigeria-based platform that allows digital creators to curate, sell digital content, create portfolios and receive payments…
Equities Extend Losses As Capitalisation Dips Further By N82 Billion
The market capitalisation of listed equities depreciated further by N82 billion yesterday, following the extension of losses on the Nigerian…
Stock Futures Rise Slightly As Wall Street Looks To Avoid Losing Week Amid High Inflation
Stock futures moved slightly higher early Friday morning as Wall Street looked to end the week on a positive note…
Xpeng Shares Spike 10% As The Chinese Electric Carmaker Teases New SUV To Launch Next Week
Chinese electric carmaker Xpeng teased a new sports utility vehicle on Friday, with the launch scheduled for next week. The…
Stock Market Sheds N51bn As Investors Take Profits
The Nigerian equities market fell for the second consecutive day on Thursday, with the total market value losing N51.27bn as…
Naira Appreciates Further, Trades N530 A Dollar At Parallel Market
The naira has appreciated further against the dollar at the parallel market on Thursday to trade at N530 per dollar.…
ASUS Launches Vivobook 13 Slate OLED
Taiwanese multinational computer and phone hardwares and electronics company, ASUS, on Wednesday, launched the first 13.3″ OLED Windows detachable…
China Ready To Assist Nigeria Boost Export, Industrialisation – Envoy
Cui Jianchun, the Ambassador of the Peoples Republic of China to Nigeria, has said that China was ready to work…
Deportation Threat – NIS Renews 250 Passports For Nigerians In Kuwait
The Nigeria Immigration Service (NIS) has said 250 passports meant for Nigerians living in Kuwait have been handed over to…
Nigerian Currency Traders Ask Central Bank For Official Market Access
Nigeria’s bureau de change operators have asked the central bank to consider a framework that will enable them access to…
Gold Extends Gains As U.S. Inflation Surges
Gold prices edged higher on Thursday, extending a rally fuelled by a surge in U.S. consumer prices that spurred some…
EU Forecast Sees Euro-Area Inflation Settling At 2.2% In 2022
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The new European Commission economic forecasts are set…
Operational Issues, Sabotage Drag Nigeria’s October Quota By 261,000bpd
Despite higher crude prices and allocation, as the Organisation of Petroleum Exporting Countries (OPEC) and its allies adjust monthly quota,…
Another Warning From Bank Of England As Bitcoin, Ether Hit Highs
The bitcoin price has reached a new record high, breaking through $68,000 and falling a touch to $67,920 at 11.05am…
Nigeria’s Debt Adequately Reported – World Bank
The World Bank in its latest report has commended Nigeria’s debt reporting citing that 40 per cent of low-income developing…
MTN Nigeria, Dangote Cement, Others Opex Hits N1.5 Trillion Driven By Inflation, FX Devaluation
On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit inflation, foreign exchange…
NGX Pushes Ahead With Retail Participation Drive
The Nigerian Exchange Limited has announced that it will be holding its fourth retail investor workshop in 2021 in line…