Marketers Deny FG’s N74bn Payment, Warn Of Massive Fuel Queues
Oil marketers on Thursday warned Nigeria could witness “the mother of all queues” from next week. This is if the…
Shell Suspends Multibillion-Dollar Assets Sale In Nigeria
Shell Group says it has suspended the divestment of its interest in its Nigeria subsidiary-Shell Petroleum…
Stocks Slide, Dollar Rises As Growth Fears Mount.
Stocks fell and the dollar rose on Friday, beginning the second half of the year much as the first one had…
FG Pays N74Bn Bridging Claims To Oil Marketers
The Federal Government on Wednesday said it paid N74bn as bridging claims to oil marketer. This is for the…
FG To Generate N23 Billion In 30 Years From Concession Of Onitsha Port
The Federal Government has signed a deal for the concession of the Onitsha port with the Universal Elysium…
Bullish Nigerian Exchange Gains N5.64 Trillion In HY’2022
Equity trading on the floor of the Nigerian Exchange Limited (NGX) recorded a gain of N5.639 trillion during the…
Naira Falls Further At The Official Market As Forex Turnover Declines.
Thursday, 30th June 2022: The exchange rate between the naira and the US dollar closed at N425.05/$1 at the…
Italy’s AMCO To Buy 1.4 Bln Euros Of Non-Performing Leasing Credits From…
Italy's state-owned bad loan specialist AMCO had signed an agreement with lender Intesa Sanpaolo (ISP.MI) to…
Google To Pay $90 Mln To Settle Legal Fight With App Developers
Alphabet Inc's Google has agreed to pay $90 million to settle a legal fight with app developers. Thi is over the…
Italy June Manufacturing Growth Slowest For Two Years -PMI.
Italy's manufacturing sector grew at the slowest pace in two years in June, as firms reported weak demand and…
Drop In Demand Weighs On German Manufacturing, 0utlook Darkens -PMI
A sharp fall in new orders weighed on German manufacturing activity in June. This darkens the outlook for Europe's…
London Stock Exchange Head Of Data Leaves After Year In The Job.
The head of data at the London Stock Exchange Group (LSEG.L) has stepped down after a year in the job; with the…
Chinese Tech Giants Vow To Stop NFT Secondary Trading.
Chinese tech giants including Tencent Holdings (0700.HK) and Ant Group have signed a pact to stop the secondary…
Swiss National Bank Spent $6 Bln On Q1 FX Interventions
The Swiss National Bank spent 5.74 billion Swiss francs ($6.01 billion) on foreign currencies during the first…
N.Korea May Be Behind New $100 Mln Cryptocurrency Hack, Experts Say.
North Korean hackers are most likely behind an attack last week that stole as much as $100 million in…
Mortgage Refinance Demand Plunges 60 Percent, As Rates Hit Their Highest Level…
Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to…
Nigeria, Other ECOWAS Members Secure $2m Grant For Electricity Reforms
The Board of Directors of the African Development Fund (ADF) has approved a technical assistance grant of $2…
CPPE Seeks Legislations To Compel Large Companies To Sub Contract Some Operations…
The Chief Executive Officer, The Centre for the Promotion of Private Enterprise , Dr. Muda Yusuf, said there…
UTM Offshore, Afreximbank Sign $11.4Bn Financing Deal
African Export-Import Bank has signed a financing deal with UTM Offshore Limited. This deal was signed at its 29th…
Commission Cancels Niger Insurance, Standard Alliance’s Operational Licences
The regulator of the insurance industry, the National Insurance Commission, has cancelled the certificates of…
Why Nigeria May Not Adopt Bitcoin As Legal Tender
In April 2022, the Central African Republic became the first African country to adopt Bitcoin as a legal tender.…
Sterling Bank Launches Ethical Investment Platform
Sterling Alternative Finance has launched an ethical investment platform called Altinvest. During the launch in…
FAAC Allocation Declines By 30%, States’ Finances May Worsen
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to…
Nigeria Lost N500.6Bn Crude Oil In Five Months – Investigation
Revenues accruable to Nigeria from the sale of crude oil crashed by about N500.6bn between January and May this…
FG Approves Reforms To Boost Non-Oil Revenue To N3.8 Trillion Annually.
The Federal Government through the Federal Executive Council (FEC) has approved reforms to boost Nigeria’s non-oil…
The NGX Closes Flat As Market Cap Declines Slightly By N811 Million.
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Rising Inflation, Others Worsening Naira Volatility
The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that rising…
Third Time Lucky For Italy’s De Nora Family As Shares Hit Market
Italy's De Nora family is relieved that the electrode manufacturer made it onto the Milan Stock Exchange. After…
Nigeria Boosts Deep Blue Project, Signs $2.7m Deal With Japan.
In a bid to boost the deep blue project, the Federal Government of Nigeria has signed a $2.78m exchange of note…
Unity Bank Plans N10m Business Grant In Entrepreneur Initiative- Nigeria.
Unity Bank has said it will commence the eight edition of its flagship Entrepreneurial Development Initiative;…