CBN To Introduce USSD Code To Improve E-Naira
The Central Bank of Nigeria says it is set to introduce the USSD code as part of steps to improve the Central…
Nigerian Stocks In Seventh Day Of Flat Trade Despite Improved Transaction Volume
Nigerian stocks inched up 0.02 percent on Wednesday, marking one week of flat trade that has seen the benchmark…
Banks’ Borrowings From CBN Hits N595.34bn In Two Months
The Central Bank of Nigeria (CBN) through its Standing Lending Facility in two months, lent to commercial…
41 Million Get NINs To Escape SIM Ban.
Over 41.59 million Nigerians have obtained their National Identification Numbers; since the Federal Government…
Neimeth Moves To Float N3.67bn Rights Issue
Neimeth International Pharmaceuticals Plc held a completion board meeting in Lagos; to float a rights issue of…
Why 100 Basis Point Interest Rate Hike Spells Doom For Bitcoin And Crypto Market.
The Federal Reserve is to raise interest rates by 100 basis points. Which would be the biggest rise since it began…
NNPC Blocks Exxon Mobil’s Asset Sale To Seplat-Nigeria.
THE Nigerian National Petroleum Company Limited has won a court decision temporarily blocking Exxon Mobil…
Anambra Traders Lament New Tax Regime.
TRADERS at various markets in Anambra State, particularly Eke Awka market in Awka South Local Government Area; are…
Bear Curve Flattening Underway, Public Debt Rises In Q1 2022 And Corporate Tax…
Mixed trends along the curve as short-term rates rise while long-dated bonds recline; The divergent trends…
Shareholders Of Nestle Nigeria Lose N124.05 billion Year-To-Date On Sell Pressure
Sell pressure witnessed on the shares of Nestle Nigeria Plc since the beginning of the year has resulted in…
US Inflation Rate Jumps To 9.1% — Highest In Almost 41 Years.
The annual inflation rate of the United States reached 9.1% in June, the highest rate in almost 41 years.The…
Naira Falls To N620/$1 At Peer-To-Peer Market As FX Scarcity Persists.
The exchange rate between the naira and the US dollar closed at N424.58/$1 at the Investors. And Exporters…
Directors Of 10 Banks Pocket N6.96bn Allowance, Compensation
Directors of 10 banks collected N6.96bn sitting allowance and compensation in 2021; according to an analysis of…
African Airlines’ Cargo Volumes Drop By 1.5% In One Year.
African airlines saw cargo volumes decrease by 1.5% in May 2022 compared to May 2021.This was disclose by the…
Nigeria Crude Oil Production Increases To 1.238 Million Barrels Per Day In June
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production; increased to an…
Microfinance Bank Launches Digital Banking Platform.
One of the fastest growing financial institutions in Nigeria , PatrickGold Micro Finance Bank; has launched a…
Stakefair Launches, Raises $670,000 In Pre-Seed Funding
Stakefair, a Decentralized Finance (DeFi) company that is poised to disrupt the Real-Money Gaming industry, has…
Oil Falls Below $100, Nigeria’s Production Hit 1.158mb/d
Brent, the international benchmark for crude; fell below $100 per barrel as the latest figures released by the…
Global Startup Funding Fell 23% In Q2 2022, Largest Drop In About A Decade.
Venture capitalists are reckoning with their worst quarter in almost a decade as economic uncertainty. And…
Tizeti Declares First Dividend Of N2.00 Per Share For Year Ended December 2021.
Pioneer solar-based internet service provider in West Africa, Tizeti Network Limited; is set to pay its…
Euro At Parity And Talks Of A 100 Bps U.S. Rate Hike
A look at the day ahead in markets from Dhara Ranasinghe. After staring parity against the dollar in the face for…
Bears Maintain Dominance As Stock Market Valuation Dips By N90 Billion.
The Nigerian Exchange Group closed negative amidst buy-interests and sell-offs as bears dominated proceedings.…
Crypto Lender Celsius Files For Bankruptcy
U.S. crypto lender Celsius Network said it has filed for bankruptcy; becoming the latest victim in the…
Court Grants N10 Million Bail To Forex Trader Charged With N20 Million Exchange…
Justice Oluwatoyin Taiwo of the Ikeja Special Offences Court has granted bail in the sum of N10 million to one…
Building Collapses In Lagos Nigeria.
A building collapsed in the early hours of Wednesday, July 2022 in Onipanu area of Lagos State.
The affected…
Kadmos, a salary payments platform for migrant workers, raises $29.5M
Companies from across the industrial spectrum often rely on a migrant workforce employment. But being away from…
Russia’s Sberbank Executes First Digital Asset Issue On Its Platform.
Russia's dominant lender Sberbank (SBER.MM) said it had carried out the first digital financial asset transaction…
Forex Flow To Nigeria Rise By $10.75bn.
Nigeria has recorded $10.75bn foreign exchange inflow in two months, figures obtained from the Central Bank of…
Zambia Plans To Cancel Over $2 Billion Projects To Rein In Debt.
Zambia is cancelling more than $2 billion worth of projects financed by commercial loans. To reduce the risk of…
Japan’s Machinery Orders Fall For First Time In 3 Months.
Japan's core machinery orders slipped for the first time in three months in May. Hurting hopes that a pickup in…