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Market News Nigeria
Business

Alfred Olajide Now MD Of Coca-Cola Nigeria

News Editor Jan 12, 2021 0
Features

New Normal: Coronavirus Spurred Changes to Global Workforce To Be…

Business

Us Capitol Violence: PayPal Blocks Site That Helped Raise Funds For…

Investing

US Stocks Pause For Breath As Bond Selloff Extends

Business

Fuel subsidy: Let’s Shift To Autogas, Nigeria’s Federal Govt.…

Business

External Reserves Shed $567m In 2wks

News Editor Dec 22, 2020 0
The nation's external reserves fell by $567 million in the first two weeks of this month. According to the…
Business

COVID-19: Denmark Joins Growing List Of Countries To Ban Travel From UK Over…

News Editor Dec 22, 2020 0
Countries around the world have imposed restrictions on travel from the UK due to fears of a new strain of the…
Business

42 Microfinance Banks Lose Licences

News Editor Dec 22, 2020 0
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The…
World

Canada Restricts Travel From U.K. Due To New Strain Of Virus That Causes COVID-19

News Editor Dec 22, 2020 0
OTTAWA — The Trudeau government is restricting travel from the U.K. in an effort to prevent a new strain of the…
Business

‘Mobile Money Providers Will End Poor Practices In Financial Sector’

News Editor Dec 21, 2020 0
For 2021, we are certain that the worst case of coronavirus is over and believe that we will not have the…
Business

Iraq Devalues Its Currency As Economy Unravels

News Editor Dec 21, 2020 0
Iraq devalued its currency by about 20% against the dollar as the cash-strapped government faces an economic crisis…
Business

Nigeria’s Forex Reserves Drops By $132.06 Million

News Editor Dec 21, 2020 0
NIGERIA’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to…
Business

Dollar Climbs, Sterling Sinks As Coronavirus Lockdowns Stoke Haven Demand

News Editor Dec 21, 2020 0
The dollar climbed against major peers on Monday with investors seeking its relative safety as many countries…
Business

Tesla’s Elon Musk Asks About Converting ‘Large Transactions’ To…

News Editor Dec 21, 2020 0
Elon Musk on Sunday asked about the possibility of converting “large transactions” of Tesla Inc’s balance sheet…
Business

Offshore Investments By Oil Majors Plunge

News Editor Dec 19, 2020 0
OFFSHORE rig values have declined almost 42 per cent in the last 12 months, equating to a loss of around $30…
Business

U.S. Dollar On The Verge Of Becoming A Problem Currency Again

News Editor Dec 19, 2020 0
The Dollar buckled again Thursday after wading knee-deep into losses against all majors in moves that risk making…
Business

Concerns Over Rising Pirate Attacks At Gulf Of Guinea

News Editor Dec 19, 2020 0
There are concerns that the surge in cases of pirate attacks and kidnapping of crews on the Gulf of Guinea and…
Business

Bitcoin Adoption In Nigeria Soars As Central Bank Blocks Remittances In Naira

News Editor Dec 19, 2020 0
The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption.…
Business

Oil Dips, Heads For Weekly Gain As Vaccine Rollouts Support

News Editor Dec 19, 2020 0
Oil dipped towards $51 a barrel on Friday though still headed for a seventh weekly gain in a row as investors…
Business

NIS Confirms Upsurge In Emigration

News Editor Dec 19, 2020 0
The Nigeria Immigration Service (NIS) has confirmed the increase in the number of Nigerians struggling to travel…
Business

Foreign Investment Pours Into China Despite Trade War, Pandemic

News Editor Dec 19, 2020 0
For all the talk of an economic decoupling between China and the U.S. and its allies, foreign companies continue…
Africa

Africans In Diaspora Seek To Be Included In The Continent’s Development Agenda

News Editor Dec 19, 2020 0
This was discussed at a meeting that took place in Nairobi this week attended by 150 Africans drawn from different…
Business

Oil, Power Firms Owe Nigerian Banks N5.83tn – NBS

News Editor Dec 19, 2020 0
The debts owed by energy firms to Nigerian banks rose by N200bn to N5.85tn in the third quarter of this year,…
Business

Wall Street’s Call For Yen At 100 Is Catching On At Japan Banks

News Editor Dec 19, 2020 0
- Wall Street and Japan’s largest banks are starting to see eye to eye on the yen’s outlook, saying its advance…
Business

Naira Falls At Black Market As MMOs, PSPs Are Barred From Receiving Diaspora…

News Editor Dec 19, 2020 0
Forex turnover rose by 9.6%, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to…
Business

OPEC To Increase Production

News Editor Dec 19, 2020 0
WHILE the most recent Petroleum Status Report tilted firmly into positive territory, the crude market has taken a…
Business

‘E-Customs Platform To Commence Next Week’

News Editor Dec 19, 2020 0
The Nigeria Customs Service has disclosed plans to roll out an electronic-Customs platform with capacity to promote…
Business

House To Investigate Viability Of Scanners At Seaports, Border Stations

News Editor Dec 19, 2020 0
The House of Representatives has directed its Committee on Customs and Excise (CCE) to investigate the total…
Business

Investors Take Some Money Off Table After Week Of Dollar Selling

News Editor Dec 19, 2020 0
The dollar took a breather on Friday after enduring a week-long beating that has pushed it below major support…
Banking

Nigeria’s Apex Bank Bans Mobile Money Operators From Receiving Remittances

News Editor Dec 19, 2020 0
The Central Bank of Nigeria (CBN) has suspended Mobile Money Operators, Payment Switch providers from receiving…
World

Pre-Travel COVID-19 Testing Rate For Travels Within ECOWAS To Be Harmonised—…

News Editor Dec 19, 2020 0
The Federal Ministry of Health (FMOH) says the rate for pre-travel COVID-19 testing for travels within the ECOWAS…
Business

Naira Appreciates To N394/$ At I&E, Drops To N478/$1 At Black Market

News Editor Dec 19, 2020 0
The strengthening of the local currency was boosted by FX liquidity in the market as authorised dealers had enough…
Africa

W. Africa Crude-Traders Await Key Nigerian Plans8, Angolan Allocation

News Editor Dec 19, 2020 0
Spot activity was muted in the West African market on Thursday as traders awaited February Angolan term…
Business

SEC To Partner FSD Africa On Capital Market Master Plan Review

News Editor Dec 19, 2020 0
The Securities and Exchange Commission, Nigeria (SEC Nigeria) and Financial Sector Deepening (FSD) Africa have…
Business

Exchange Rates Pushed Inflation To Double Digits – MAN

News Editor Dec 19, 2020 0
The Manufacturers Association of Nigeria (MAN) has raised an alarm that the double inflation digits was occasioned…
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NIGERIA

Business

Dangote Cement Completes First Tranche Of Share Buyback

Jan 12, 2021
Investing

Mutual Funds’ Assets Rise To N1.6tr Stock Market Begins New Trading Week With Upswing

Jan 12, 2021
Business

Stock Market Gains N16bn After First Weekly Loss

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Banking

Paternity Scandal: FCMB Adam Nuru Proceeds on Voluntary Leave to Allow Independent Investigation

Jan 5, 2021
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World

Diaspora Remittances In Dollars: Giving Beneficiaries Value…

Dec 29, 2020

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