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Trade
Nigeria, China sign $3.3 billion deal for brass industrial park
Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex…
Japaul Gold & VenturesLists N20bn Worth of Shares on NGX
Japaul Gold & Ventures Plc has received approval from the Securities & Exchange Commission (SEC) for a…
WazirX hacker moves $6.5 million in Ethereum to under fire mixer Tornado Cash
India’s largest cryptocurrency exchange, WazirX, has suffered a devastating security breach, resulting in the…
Nigeria, Belgium deepen bilateral ties
The Nigerian Ports Authority (NPA) and the Kingdom of Belgium have agreed to strengthen their bilateral…
Naira closes at 1,596.60/$ as dollar liquidity declines
The naira closed at N1,596.60 per dollar on Monday, marking a 1.66% depreciation from Friday’s rate of N1,570.14…
Equity market extends loss by N65bn
The Nigerian equity market continued its downward trend on Thursday, with a loss of N65 billion as the All Share…
U.S. to Partner with Nigeria on Chemical Weapons Convention for ECOWAS
The U.S. government has announced plans to collaborate closely with Nigeria to lead discussions on implementing…
FX turnover crashes by 21% in first two weeks of August amid CBN’s Retail Dutch…
The Nigerian official foreign exchange (FX) market saw a significant decline in turnover during the first two…
Nigeria, Equatorial Guinea sign gas pipeline agreement
On Wednesday in Malabo, Nigeria's President Bola Tinubu and Equatorial Guinea's President Teodoro Mbasogo signed…
PTML Becomes Major Transshipment Hub to Europe, Receives First RoRo Ship from…
PTML Nigeria, the largest Ro/Ro multipurpose port terminal in West Africa, has achieved a significant milestone by…
NGX’s Boss Backs FCMB’s N110.9bn Capital Raise
Temi Popoola, Group CEO of the Nigerian Exchange Group (NGX), has commended FCMB Group for its successful capital…
US tops China as Germany’s biggest trading partner
In the first half of 2024, the United States became Germany's largest trading partner, surpassing China. Trade…
NGX slumps as global tensions trim N371bn from investors’ wealth
The Nigerian Exchange Limited (NGX) continued its slide on Tuesday, with the All-Share Index dropping by 0.67% to…
BUA Cement’s pre-tax profit drops by 54% in Q1
BUA Cement’s second-quarter results for 2024 show a significant decline in pre-tax profit, falling by 54%…
UK’s gain, Nigeria’s pain as nurses migration hits 9-years high
Nigerian-trained nurses are increasingly passing their professional exams in Nigeria but submitting their results…
Nigerians risk layoff as top UK aid supplier faces collapse
Crown Agents, a long-established UK development contractor, is facing collapse due to severe financial issues.…
Morocco, SA, Egypt dwarf Nigeria’s $210m auto industry
Nigeria's $210 million automotive industry lags behind peers such as Morocco, South Africa, and Egypt due to low…
Honeywell, Seplat drag equity market to N188bn loss
Investors on the Nigerian Exchange Limited faced losses totaling N188 billion on Thursday, primarily driven by…
FG, IOCs agree on crude supply to Dangote, local refineries
The Nigerian government and local crude oil producers have pledged to maintain a sustainable supply of crude to…
Nigerian Equity Market Declines for Third Day, Investors Lose N2.18bn
The Nigerian equity market extended its losing streak for the third consecutive day this week, with investors…
Bitcoin drops by 3% as 100,565 traders lose $262 million
In the early morning trading session, Bitcoin faced a 3% decline in its price before recovering to trade around…
Okomu Oil, Presco post 94% growth in profits in Q1’2024 amid rising inflation
The combined profit of Presco Plc and Okomu Oil Palm Company Plc soared by 94.32% in the first quarter of 2024…
Nigeria’s trade with UK crashes by 25% in Q1 2024 on lower exports
Nigeria's total trade with the United Kingdom declined by 25% in the first quarter of 2024, despite higher values…
China’s exports rise solidly, but slower imports temper outlook
China's exports grew for a second consecutive month in May, offering a glimmer of hope for the country's economic…
FCMB Secures $15m Trade Finance Facility with ITFC
First City Monument Bank (FCMB) has entered into a $15 million Master Murabaha Agreement with the International…
FG to Mandate Oil Sales to Dangote Refinery
Nigeria's oil regulator, NUPRC, is stepping in to ensure international oil companies (IOCs) supply crude oil to…
Nigeria loses N149bn to one-day oil workers strike
Nigeria's oil production was significantly disrupted due to a nationwide strike by oil workers protesting the…
Trading continues on NGX amid strike, investors lose N103bn
The Nigerian Stock Exchange (NGX) opened the week on a down note, with investors losing N103 billion. Sell-offs in…
Asia’s Oil Imports Surge in May, Driven by India
Asia's crude oil imports reached a 12-month high in May, fueled by a massive increase in demand from India. The…
Nigeria Overtakes South Africa as Indonesia’s Top African Investment…
Nigeria has become Indonesia's top investment destination in Africa, surpassing South Africa, with a trade balance…