IMF recommends the lowering of trade restrictions in Africa.
According to the International Monetary Fund, removing trade restrictions between African nations will assist 50 million people escape poverty. The…
Category: Trade
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 cooperation…
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 in a total of…
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 Customs Area…
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 companies…
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 kept a…
2022 Half Year: BUA Cement’s Talks Higher Interest Cost To Report 41% Growth In Earnings.
BUA Cement Plc on July 25, 2022, released to the investing public its Q2 financial statement for 2022. The Industrial…
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 larger-than-anticipated reduction in…
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 2022, up…
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 first-quarter sales beat expectations and…
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. Despite a relatively modest…
Britain’s M&S Seeks Food Supply Chain Control With $173-Mln Gist Buyout.
British retailer Marks and Spencer (MKS.L) said it would acquire its key logistics services provider Gist Ltd for 145 million…
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 submitted a non-binding…
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 amid…
Why Currency Trading Involves Major Risks
The largest trading market in the financial sector is unquestionably currency trading. It has a daily traded volume of over $6…
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. According to the…
Ukraine Central Bank Has Sold Over $12 Billion Of Its gold Reserves During The War, Its Deputy Head Says
Ukraine’s central bank has sold $12.4 billion of gold reserves since the beginning of Russia’s invasion on Feb. 24, the…
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 commodity to…
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) depreciated by 6…
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 in…
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 after the bank announced…
Areas Indian Investors Now Troop Into Tanzania
Indian investors are increasingly seeking investment opportunities in Tanzania in their quest to grab the opportunities that come with President…
Nigerian Stock: List Of Announced 2022 Dividend
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has continued to…
Dollar Strengthens Further Against Uganda Shilling
Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit closing the day…
Dangote Sugar Plc loses over N11 billion in market value in a single session
At the end of yesterday’s trading session, Dangote Sugar Refinery’s share price depreciated by 5.28% to close at N17.05 per…
Oil Pulls Back On Fading Supply Worries Over Ukraine Crisis
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the…
Oil Prices Near $100 A Barrel Amid Russia-Ukraine Crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The…
Stock market capitalisation falls to N25.41tn
The market capitalisation of equities listed on the Nigerian Exchange Limited fell by 0.12 per cent to close at N25.41tn…