Nigeria Recorded $1.1 Billion Foreign Trade Balance In Q4 2021
Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill…
Category: Trade
EU Is Nigeria’s Largest Trading Partner, Says Envoy
The European Union Ambassador in Nigeria, Samuela Isopi, has said the EU bloc is the largest trading partner and key…
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
Elon Musk and Jeff Bezos, each gained $3.5 billion in a day
Elon Musk and Jeff Bezos, have seen their wealth jump on the back of strong gains despite concerns that the…
Bumper BP profits lift European stocks, euro stalled by cautious Lagarde
Bumper profits from oil giant BP helped lift European stocks on Tuesday, while the euro was pegged back as the…
El Salvador Defends It’s Acceptance Of Bitcoin As Legal Tender
El Salvador’s government on Monday defended the country’s adoption of Bitcoin as legal tender, rejecting calls from the International Monetary…
NGX: Total activity level declines on reduced local and foreign investors’ participation
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined by 19.3%…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million Series…
FUGAZ investors gain over N4 billion combined during the week
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors in these…
Nigeria’s forex inflow hits $55.5bn in seven months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Nigeria Stock Market Capitalization Decreases By N280.62 Billion
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 112…
S&P 500 Trading Session Ended Bearish
Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking…
Oil Price Hits $90 Per Barrel
Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between…
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 that the company had…
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% recorded in November.…
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 Restrictions
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to remove…
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 capacity and limited investment…
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. A statement on…
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…
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 concerns at terminals…
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.…
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 obtained from…
Nigeria: Coke, Fanta Prices To Increase As FG Imposes N10/Litre Excise Duty On Carbonated Drinks
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Excise…
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 government…
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 notching its first decline…
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 since…