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Dollar strengthens against euro and pound
On Thursday, the dollar strengthened against the euro and pound after a Federal Reserve policy maker indicated no…
Naira strengthens slightly against dollar, ends below N1,600/$1
In the official market, the Nigerian Naira experienced a modest improvement against the US Dollar, closing at…
Headline: Nigerian Exchange Gains N2.12tn as Investors Anticipate Dividend Season
The Nigerian Exchange witnessed another positive week, with investors positioning themselves ahead of the…
China foreign minister willing to strengthen communications with New Zealand
China expressed its intent to strengthen communication with New Zealand and collaborate to uphold peace and…
US oil prices rise on expectations of strong demand
0il prices climbed on Wednesday, buoyed by optimistic forecasts of robust global demand, particularly in the…
$1.2 million trade facility to boost Nigeria’s export capacity
The World Trade Organization (WTO), in collaboration with the International Finance Corporation (IFC), has…
Demand for Transpower, FBNH drive NGX ASI up by 2.61%
Nigeria's stock market witnessed a resurgence of positive sentiments fueled by strong demand for shares of…
Toilet Paper, Soap Among Nigeria’s Top Import from UK in 2023
Here's a breakdown of the top 5 imported goods from the United Kingdom to Nigeria in the last six months of 2023,…
Transcorp Power, FBN Holdings lift Market Cap by N194bn
The Nigerian Exchange witnessed a significant N194 billion gain in market capitalization on Tuesday, largely…
Naira’s Official Exchange Rate Falls by 4.26%
The official exchange rate of the naira against the dollar concluded its three-day winning streak, experiencing a…
Binance Discontinues Naira Services Amid Government Scrutiny
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira…
U.S. Funding Legislation Blocks China from Buying Oil from Strategic Petroleum…
The funding legislation introduced by congressional leaders on Sunday includes a provision to prevent China from…
Rand Merchant Bank optimistic about $11bn Indo-Nigeria trade
Rand Merchant Bank (RMB) highlights the promising prospects of trade between Nigeria and India, estimated at $11.8…
SEC May Wield Hammer on Binance, Other crypto Platforms For Illegal Operations
The Securities and Exchange Commission (SEC), Nigeria, is considering imposing huge fines, potentially amounting…
Guinea’s Trade Unions Suspend Nationwide Strike
Guinea's trade unions have lannounced the suspension of a nationwide strike that had brought the West African…
Bitcoin Tops $57 000 as Large Players Enter Market
Bitcoin reached a two-year high on Tuesday, driven by indications of significant investments from major players in…
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…
Japan Pledges Bilateral Treaties with Ukrainian Prime Minister
In a diplomatic move, Japan welcomed Ukrainian Prime Minister Denys Shmyhal in Tokyo on Monday to discuss…
Naira Depreciates as FX Market Witnesses Decline in Dollar Supply
The foreign exchange (FX) market in Nigeria experienced a notable 56.58% decrease in dollar supply on Wednesday,…
Nigeria’s Oil Output Increases to 1.43m Barrels in 2024
Nigeria's oil production experienced a notable increase in January 2024, rising to 1.43 million barrels per day…
Russia Warns the West Over Asset ‘Theft’
Russia issued a stern warning to the West on Tuesday, cautioning that Moscow would respond firmly if the United…
Shell Completes Crude Oil Supply to Port Harcourt Refinery
The Shell Petroleum Development Company of Nigeria Limited has announced the successful completion of the supply…
UK Officials Seek Investment Opportunities in Nigeria
The UK Minister for Business and Trade, Kemi Badenoch, alongside the Prime Minister’s Trade Envoy to Nigeria,…
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…
Export Sales Increases by 77% Amid Forex Reform
Three major players in Nigeria's consumer goods industry - Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in…
Nigerians’ Foreign Expenditure Hits $98 Billion in a Decade
According to recent data released by the Central Bank of Nigeria (CBN), Nigerians have spent over $98 billion on…
Nigerian Exchange Records N849 Billion Loss
On Tuesday, the Nigerian Exchange witnessed losses spurred by declines in BUA Cement, Sterling Financial Holding…
Cadbury Nigeria Records N8.397 bn Operating Profit- Reports
Cadbury Nigeria Plc has disclosed a remarkable operating profit of N8.397 billion for the full year ending…
Trump to Impose Higher Tariffs on Chinese Goods if Re-elected
Former US president Donald Trump has declared his intention to levy additional tariffs on Chinese goods exceeding…