Nigeria’s Equity Market Investors Lost N11.02 Billion At End Of Trading
Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn at the end…
Category: Market
Increase in Demand, Shortage Of Supply Led To Increased Price Of Cooking Gas
The management of the Nigeria LNG Limited has said that marketers do not have enough infrastructure to take up its…
Surge In UK Fraud Becomes A National Security Threat
A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated…
Development Of Seaports Will Magnify Revenue Drive In Nigeria – NPA
The Nigerian Ports Authority (NPA), has stated that Nigeria’s maritime industry accounts for 70% of cargo trade in West and…
CBN Urges Against Speculation, Manipulation Of Forex
The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate…
The New Mercedes E-Class
Weststar Associates Limited, the authorised general distributor of Mercedes-Benz in Nigeria, has announced the delivery of the new Mercedes-Benz E-Class…
Nigeria record $18.9 billion OTC FX Futures Contracts in 2020
OTC FX Futures (OTC FX Futures) are non-deliverable forwards or contracts where parties agree to an exchange rate for a…
NLNG Describes Nigeria’s Cooking Gas Shortage, Price Hike
YET another indication of Nigerian health workers’ discontent with the increasingly inclement working climate in the country was provided last…
Dollar Near A Month High As Investors Concentrated On Evergrande Risks
The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default…
Dangote Cement Gets New Leadership
Dangote Cement Plc has appointed Mr. Philip Mathew its new deputy group managing director and chief executive officer. According to…
Oil Climb By 1% As US Hurricane Aftermath Tightens Supply
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global…
Bitcoin Falls Below $40,000 Among Regulatory Drumbeat, Fed Risk
Bitcoin struggled for a third day, dropping briefly below $40,000 for the first time since August amid rising criticism from…
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Presentation Stepped Down – Nigerian Senate
The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024 Medium Term…
Order Book For $3 Billion Nigeria Eurobond Issue Opened – Investor Notice
Nigeria opened the order book for a $3 billion Eurobond offering on Tuesday, aiming to issue the bond next week,…
Let’s Unlock Nigeria’s Housing Deficit: Vice President Osinbajo
Vice President Yemi Osinbajo has urged financial market experts to support the Federal Government’s efforts by developing an appropriate housing…
N2.35 Trillion Generated From The Sale Of Petroleum
The Nigerian National Petroleum Corporation on Monday said that the total revenue generated from the sale of petroleum products for…
Troubled Naira, Untapped Remittances And Undefined Role Of BDCs
The die is cast. The official remittance market is in a battle for survival on all fronts. First, its old…
Federal Government Squanders Billions In Ports Revenue Over Stalled Boat Service Contract
The federal government is losing billions of naira in revenue over failure to engage service boat operations monitoring agents in…
UK Government Cooperate With Stakeholders On Nigeria Start-Up Bill
The United Kingdom (UK) government, through its Africa Technology and Innovation Partnership (ATIP) programme and the UK-Nigeria Tech Hub, has…
Customers Tricks Banks With Fake Visas, Tickets For Forex
The Central Bank of Nigeria has vowed to engage financial crime-fighting agencies to pursue fraudsters who have been deceiving the…
Immigration Overtake In Biden Economic Plan Dealt Setback
The Senate parliamentarian has blocked Democrats from including a plan to provide legal status to as many as 8 million…
U.K. Drops Its Market Edge As Pound Bulls Disappear
The U.K.’s supply-chain crisis, spiraling energy costs and limp economy are taking a toll on investor sentiment. Both the pound…
Housing Market Experience It’s First Increase In Three Month
Homebuilders in the single-family construction market are feeling better, as lumber prices are way down from sky-high levels and buyer…
Central Bank Of Nigeria Disbursed N134.57 Billion To Agribusiness/Small and Medium Enterprise Investment Scheme
With the aim of supporting MSMEs across the country, the CBN disbursed N134.57 billion to Agribusiness/Small and Medium Enterprise Investment…
Cairo Based E-Commerce Start-Up Raise $33 Million In Series A Round
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across…
Nigerian Agricultural Insurance Corporation In Talk With Central Bank Of Nigeria And Other Stakeholders On The Need For Perfect Data For Farmers
The Nigerian Agricultural Insurance Corporation has said it is discussing with the Central Bank of Nigeria and other stakeholders on…
Effort To Sell Forex To Legitimate Travelers Is Been Inundated With Fake Demands – CBN
Eight weeks after the Central Bank of Nigeria stopped selling forex to Bureau De Change operators and asked legitimate travellers…
Oil Depreciate As Storm-Hit U.S. Supply flow Back Into Market
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in…
Nigeria: Central Bank Talks Tough, No Reversal Of BDC Forex Ban
The Central Bank of Nigeria says it will not reverse its decision to ban the sales of foreign exchange to Bureaux De Change (BDCs)…