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Trade
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…
Netherlands Overtakes India as Nigeria’s Second-Largest Trade Partner in…
The Netherlands has surpassed India to become Nigeria's second-largest trade partner in 2023, according to the…
Nigeria to Navigate Economic Rivalry between US, China, and Russia, says Foreign…
Nigeria's Foreign Minister, Yusuf Maitama Tuggar, highlighted Nigeria's stance on managing economic competition…
935 BDC Operators Get CBN’s Forex In NorthWest
The Central Bank of Nigeria (CBN) has provided foreign exchange (forex) to 935 eligible Bureau De Change (BDC)…
Capital Market Declines by 1.36%
The Nigerian capital market experienced a 1.36% decline last week, attributed to losses by key equities including…
UK-Nigeria Bilateral Trade Reaches £7 Billion
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that bilateral trade between Nigeria…
SEC Plans to Delist Naira from P2P Crypto Trading to Curb Manipulation
Dr. Emomotimi Agama, the Acting Director General of the Securities and Exchange Commission (SEC), has announced…
Equity market bounces back with weekly gain of N812 Billion
After experiencing a downturn of N3.54 trillion in April, the Nigerian equity market saw its first weekly gain,…
NGX Starts May Strong, Investors Gain N303 Billion
The Nigerian Exchange Limited (NGX) began May with a positive trend, as the All-Share Index rose by 0.55%, gaining…
Sterling, FCMB, Stanbic see biggest jump in FX gain
While big banks grabbed attention for foreign exchange gains last year, Sterling Financial Holdings Plc, FCMB…
China’s exports likely swung back to contraction in March
A Reuters poll conducted on Thursday suggests that China's exports likely declined in March, following a period of…
Forex losses hit currency dealers as CBN slashes BDC rate to N1,117.5/$
Currency dealers expressed concern over mounting losses and decreasing demand for the dollar as the naira…
FX market roars back to life with $1bn single-day trade
On Tuesday, Nigeria's foreign exchange market experienced its highest turnover in a single day since 2017,…
Cadbury Nigeria Plc faces N19.09bn loss
Cadbury Nigeria Plc, a consumer goods firm, has reported a loss of N19.09 billion after tax for the financial year…
Nigeria’s exports to Netherlands hit N1.9 trillion in Q4
According to a report by the National Bureau of Statistics (NBS), Nigeria exported goods worth N1.9 trillion to…
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…