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Trade
Nigeria’s import bill rose to $8.92bn in nine months – Report
Nigeria’s total import bill for jan-sep 2021 rose to $8.92bn from $4.29bn in the same period of 2020.
Dr Biodun…
Cryptocurrency Exchange”Crypto.com” Lost Over $30 Million To Hackers
In a blog post published in the early hours of Thursday morning, cryptocurrency exchange Crypto.com acknowledged…
Oil Hit Highest Price Since 2014
Oil jumped to a seven-year high early on Tuesday, a day after Yemeni Houthis attacked targets in the United Arab…
After eight months of decline, Nigeria’s inflation rate rises to 15.63%
After eight months of decline, Nigeria’s headline inflation rate rose to 15.36% in December 2021, from 15.50%…
China Experienced 8.1% Economy Growth In 2021
China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset…
Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove…
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to…
Oil Price Hits $85: More Subsidy To Be Paid By Nigerians
Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production…
Cardinalstone Securities Trades N143.6bn On NGX
Cardinalstone Securities Limited has said it traded a total value of N143.6bn on the Nigerian Exchange Limited.…
Dangote Cement To Buy Back 170m Shares From Shareholders
Dangote Cement Plc says it will repurchase 170 million ordinary shares from shareholders in the second tranche of…
Oil Market: Bonny Light Price Hits $81.81 Per Barrel
The price of Bonny Light, Nigeria’s premium oil grade, has risen to $81.81 per barrel in the global market, as the…
FG Loses N1.474tn To 222 Terminal Shutdowns In 10 Months
Nigeria’s crude oil earnings were depleted by about N1.474tn between January and October 2021 due to various…
Heirs Holdings Launches Tender On OML 17
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in…
Nigeria’s Three Big Firms Gained N1.15tn In 2021 – NGX
The three biggest companies listed on the nation’s stock exchange gained a total of N1.15tn last year, data…
Nigeria: Coke, Fanta Prices To Increase As FG Imposes N10/Litre Excise Duty On…
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and…
Nigeria: Fed Govt Set To Reduce Workforce
The Federal Government is set to reduce its workforce.
It is designing what it calls an exit package for…
Japan’s Nikkei 225 Drops Nearly 3% As Asia-Pacific Markets Largely Fall
Shares in Asia-Pacific declined on Thursday following losses overnight that saw the Dow Jones Industrial Average…
Spain’s Annual Inflation Jumps To 6.7% At End Of 2021, Highest Since 1989
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation…
Iran Halts Authorized Crypto Mining To Save Energy For Winter
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in…
Naira Falls At Official And P2P Forex Market
The exchange rate between the naira and the US dollar closed at N415.1/$1 at the Investors and Exporters (I&E)…
Turkish Lira Weakens, Further Eroding Last Week’s Gains
Turkey's lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding massive…
Christmas Week Trades Add $77.89bn To Bitcoin Market Cap
The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas.
On December…
1.3 Million Bitcoin Left Circulating On Crypto Exchanges
In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent…
Nigeria’s External Reserves Fall By $440m In Two Weeks
The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures…
UK Shares Head For Weekly Loss On Omicron Concerns, Inflation Risks
UK's FTSE 100 slipped on Friday and was on course for a weekly loss, as concerns surrounding the fast-spreading…
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets, including its stake in Didi…
Stock Futures Tick Higher Ahead Of Key Inflation Data, Fed Meeting
U.S. stock index futures rose during early morning trading Tuesday after the major averages started the week in the…
VAT Generated Decreased By N11.75 Billion In Q3
The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three…
There’s No Reason Why Ford Shouldn’t Break Above $20, Trader Says
Ford’s fate looks rosy to Inside Edge Capital Management founder Todd Gordon.
Ford’s stock was just…
Nigeria, Others Seal $42.1 Billion Trade Deals At IATF
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently…
Report: Nigeria’s Exports Trade To Hit $112bn By 2030 — Tops Volume For Africa
A new research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030,…