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Trade
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted…
Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in…
Nigerians Express Disappointment on Transportation Cost Despite FGN’s…
Despite the Federal Government's initiative to provide a 50% fare rebate from December 21 to January 4, 2024,…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented…
Nigeria Borrows $1.71 Billion: Impact on Exchange Rates
In the first nine months of 2023, Nigeria secured $1.71 billion in foreign loans to enhance the country's foreign…
Sahel Capital Provides Financing to S&P Agribusiness for Hibiscus Flower…
Sahel Capital, an impact-oriented private equity firm, has extended a loan facility to S&P Agribusiness, a…
Kenya Re to Exit Indian Market Amid Heavy Losses from Agricultural Sector
Kenya Re, one of Kenya's leading reinsurance companies, is planning to exit the Indian market due to increased…
IMF recommends the lowering of trade restrictions in Africa.
According to the International Monetary Fund, removing trade restrictions between African nations will assist 50…
NBCC Seeks Trade Cooperation with the UK.
When the Nigerian British Chamber of Commerce leaves on its trade mission to the UK next month, a commercial…
NEPZA: Free-trade Zones Would Generate N35.1 billion in Customs Duty.
The Free Trade Zones (FTZs) Programme, according to the Nigeria Export Processing Zones Authority (NEPZA), brought…
FG Attributes Nigeria’s Low Imports on the Benin Republic.
The Nigeria Customs Service has said that the Benin Republic trade policy was hostile to Nigerian traders. The…
Nigeria’ House Of Reps Approve N308 billion Export Grant For 194 Companies
The House of Representatives has authorized the payment of a variety of sums totaling N308. 458 billion to 194…
Exxon Posts Record-Breaking Second-Quarter Profit.
Exxon Mobil Corp (XOM.N) posted its biggest quarterly profit ever on the back of soaring energy prices; and as it…
2022 Half Year: BUA Cement’s Talks Higher Interest Cost To Report 41% Growth In…
BUA Cement Plc on July 25, 2022, released to the investing public its Q2 financial statement for 2022. The…
Crude Oil Prices At $100 Per Barrel Amid Declining United States Oil Stockpiles.
Oil prices remained stable as fears over weakening demand outweighed news from the industry; that revealed a…
Russia-Made Goods Replacing Imports On The Country’s Shelves, Nielsen Says.
Russia-made products accounted for 83% of the country's market for common consumer goods in the first half of…
Remy Confident After China Sales Rebound In June.
Remy Cointreau (RCOP.PA) said it was confident over prospects for its current financial year. This was after…
UK Retailers Downbeat About Outlook For August – CBI.
British retailers are downbeat about the outlook for August as the cost-of-living squeeze weighs on demand.…
Britain’s M&S Seeks Food Supply Chain Control With $173-Mln Gist…
British retailer Marks and Spencer (MKS.L) said it would acquire its key logistics services provider Gist Ltd for…
Luxury Shoemaker Manolo Blahnik Wins 22-Year Trademark Battle In China
Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama "Sex and the…
Santander Drops Out Of Citibanamex Sale Process
Santander has dropped out of the process to buy Citigroup's (C.N) Mexican retail bank; after having previously…
U.S. Banks Take Hit On Leveraged Loans As Deals Slump, Rates Rise
U.S. banks have started taking a hit on their leveraged loans' exposure as the outlook for dealmaking turns sour…
Why Currency Trading Involves Major Risks
The largest trading market in the financial sector is unquestionably currency trading. It has a daily traded…
Unilever Reports N1.906 Billion PAT In HY 2022 Amidst Cost Pressure
Unilever Nigeria Plc has released its unaudited financial statement for the half year ended 30 June 2022.…
Ukraine Central Bank Has Sold Over $12 Billion Of Its gold Reserves During The…
Ukraine's central bank has sold $12.4 billion of gold reserves since the beginning of Russia's invasion on Feb.…
Investors Selling Off Investments In Oil Futures Over Recession Fears
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the…
Bears Maintain Dominance In The Stock Market As Valuation Dips By N16 Billion.
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Nigeria’s Foreign Trade Rises To N13 Trillion In Q1 2022
Nigeria’s foreign trade rose to N13 trillion in the Q1 of 2022, increasing by 11.1% from N11.7 trillion recorded…
Russia’s Sberbank collapses 95% on London stock exchange as it exits Europe
Shares of Russia’s Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny …