Official Exchange Rate Appreciates As Forex Supply Surges By 301% To $389 Million.…
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors.
Naira…
Higher Crude Oil Prices Boost Nigeria’s Oil And Gas Stocks
The Oil and Gas Index which emerged as the best performing index has gained 64.42% year-to-date.
The Nigerian…
Crypto Market Reclaims Trillion Dollar Status With Altcoins Leading The Charge.
Despite the increase in the U.S. inflation rate to 9.10%, a multi-year high; the cryptocurrency market…
CBN’s RT 200 generates $600 million in 6 months
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded…
Water Resources Bill: FG Says It Will Push On Despite Backlash From Nigerians.
The Federal Ministry of Water Resources has state that it will not be deter by backlash on the propose Water…
COVID Cases Triple Across Europe As Hospitalizations Double
According to WHO, coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half…
Flutterwave Unveils Graduate-Trainee Program To Create Jobs For Young Nigerians
Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave…
South Korea Unbothered About Capital Outflows, Finance Minister Says
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the…
Crypto Custodian BitGo Cleared To Operate In Italy
Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto…
Another Twitter Hack Hits the NFT Community
Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the twitter…
Chinese Banks Hold Lending Rates as PBOC Remains Cautious
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which…
Nigeria To Pursue $3.5 Billion Civil Claim Against Eni And Shell
Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped…
IMF Executive Board Approves a 40-month, US$1,046.4 million ECF Arrangement for…
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans…
Power Supply To Drop Again, TCN Alerts Nigerians
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of…
Firms Raise N246b From Corporate Bonds In H1
The dormant primary equities segment of the Nigerian capital market has prompted listed companies; to rely on the…
Palm Oil Set To Plunge 20% By September, Top Analyst Predict
The world’s most consumed cooking oil Palm oil may extend its slide, tumbling more than 20% to 3,000 ringgit $673…
Stakeholders Express Cautious Optimism As NNPC Transits
Stakeholders have expressed cautious optimism as the Nigerian National Petroleum Company Limited (NNPC) transits…
FG To Pay Fee For NNPCL Petrol Import As Buhari Unveils Firm Today
President Muhammadu Buhari will unveil the new Nigerian National Petroleum Company Limited (NNPCL); today just as…
Heatwave: Ferocious European heat heads north
In France and the UK, extreme heat warnings were issued while northern Spain recorded temperatures of 43C (109F)…
Aero Contractors To Shut Down Operations From Tomorrow
Aero Contractors has said it is shutting down its operations; due to the impact of Nigeria’s harsh business…
H&M To Sell Off Stock Before Leaving Russia
The world's second-biggest clothing retailer H&M has said it is leaving Russia.
But temporarily, its…
African countries and their inflation rates in 2022.
The world is currently battling with high inflation rate and Africa is not exempted from this experience; with…
Marketers Finally Hike Petrol Price To N170-N190/Litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling…
Traders, Buyers Groan As Food Inflation Hits 20.60%
Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food…
Asset Manager GAM Warns On Profit Citing Market Turbulence.
GAM Holding (GAMH.S) expects to post a loss for the first half of 2022, the Swiss asset manager said; citing…
Japan Buys Most Expensive Gas Shipment as Energy Crunch Bites
Japan is expected to be the world’s top LNG importer this year, as it has purchased the most expensive ever…
Dutch Central Bank Fines Binance 3.3 Million Euros.
The Dutch central bank (DNB) said it had fined Binance, one of the biggest cryptocurrency exchanges; 3.3 million…
Nigeria’s Securities And Exchange Commission, AfDB Sign $460K Capital Market…
The African Development Bank (AfDB) Group and the Securities and Exchange Commission (SEC); have announced the…
The Most Expensive Champagne, Chateau Avenue Foch 2017, Just Sold For $2.5 Million
A limited edition 1 of 1 champagne sold by NFT ‘Magnum 2.5’ has just become the world’s most expensive champagne.…
Mini Revival In The Crypto Market Keeps Ethereum Above $1.5K.
Growing investors’ optimism about the global economy, central bank monetary tightening. And the Ethereum Merge…