Nigerian Traders Lament Losses As Bitcoin Drops 52% Value.
Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the market value of…
Baobab MfB Disburses N40bn Loans In 12 Months- Nigeria.
According to the CEO of BaoBab Nigeria, the company provides loans of roughly N40 billion to its clients in order…
Domestic Transactions On Nigeria’s Stock Exchange Hits N742 Billion Between…
The total value of domestic transactions on the Nigerian Exchange Limited (NGX) for the first four months of 2022…
Naira Remains Stable Across FX Markets As CBN Continues Forex Intervention
The exchange rate between the naira and the US dollar closed at N419.75/$1 at the Investors and Exporters window.…
Dollar Takes Breather Ahead Of U.S. Inflation Test
The dollar edged off a two-week high on the euro, ahead of inflation data that should guide the Federal Reserve's…
Asian Stocks Track Global Shares Lower, U.S. CPI In Focus
Asian shares tracked a global equities sell-off on Friday as rate hike guidance from the European Central Bank.…
U.S. Banks Finally See Upturn In Credit-Card Borrowing
Big U.S. Banks, including JPMorgan Chase & Co (JPM.N) and Citigroup (C. N), appear set for some earnings boost…
Sterling Bank Targets N50 Billion Gross Earnings In Q3 2022- Nigeria.
Sterling Bank Plc is targeting to achieve N50.487 billion in gross earnings for the third quarter of 2022.In its…
Airlines Record 116% Increase In Traffic In April 2022
Air Peace and other airlines’ traffic across Africa increased by 116.2% in April 2022. This is compared to a year…
Bundesbank Halves 2022 Growth Forecast, Doubles Inflation Projection For Germany
The Bundesbank cut its growth projections for the German economy on Friday and predicted sharply higher inflation.…
NNPC To Pay N874bn In June As Subsidy Hits N1.82tn- Nigeria.
Operators in the oil and gas sector remain uncomfortable with the continued rise in the amount spent in…
Metered Customers Rise To 4.7Million, Registration Stalls At 10Million.- Nigeria.
The exercise to register customers with electricity distribution companies has remained at 10 million for the…
Naira Falls Big To Lowest Level Year-To-Date At Official Market- Nigeria.
The exchange rate between the naira and the US dollar closed at N422.5/$1 at the Investors and Exporters (I&E)…
Banks reward savings accounts with 1.28%, lending hits 26.61%- Nigeria
The gap between the savings and lending rates in the banking sector widened by 25.33% in March- CBN.CBN money…
Kaduna, Rivers, 30 Others Attract Zero Foreign Investments In Q. – Nigeria.
Thirty-two states in Nigeria (Kaduna and Rivers) did not attract any foreign investments in the first quarter of…
180,000 Traders Lose $520 Million As Bitcoin Falls Below $25,000.
Over 180,000 traders lost approximately $520 million as Bitcoin traded below $25,000, a price point, not seen…
Contributory Pension Gains N640bn In Four Months, Hits N14tn- Nigeria.
Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn- National Pension…
FG’s Borrowing From CBN Hits N19tn, Inflation May Worsen. – Nigeria.
The FG's total borrowing from the Central Bank of Nigeria rose from N17.46tn in December 2021 to N19.01tn in April…
Insurance Sector Records 15.68% Growth In Q1- Nigeria.
The Nigerian insurance sector grew by 15.68% in 2022 Q1 financial period- the National Bureau of Statistics,…
FG Forecasts Cocoa Production To Rise To 500,000 Tonnes By 2024- Nigeria.
Nigeria's cocoa production is expected to increase from 340,000 tonnes to 500,000 tonnes by 2024, according to the…
Russia Forecasts Car Sales To Halve In 2022 – Ministry
Russia's Industry Ministry expects car sales to halve in 2022 as the country's automobile industry grapples with…
Bloomberg Terminal Increases Crypto Coverage By Adding 40 Coins
Bloomberg has vastly expanded its coverage of the cryptocurrency markets. Following a decision to include data on…
Real Estate Firm Inaugurates N5.6bn Estate For Oil Companies- Nigeria
Real estate developers, Brains and Hammers, has inaugurated a 101-unit mixed housing development named, ‘Coopeast…
Australian Tech Billionaire Takes On Elon Musk’s ‘Return To…
Elon Musk got into a Twitter spat with Australia's third-richest man on Friday. The Tesla Inc (TSLA.O) chief…
Western Australia Gives Conditional Nod To Blackstone’s $6.3Billion Crown…
Australia's largest casino operator Crown Resorts Ltd (CWN.AX) said on Friday regulators in the state of Western…
Experts Urge Stakeholders To Practise Sustainable Insurance
The experts spoke at the maiden edition of the Chartered Insurance Institute of Nigeria’s program tagged,…
Mastercard Reveals New Partners For NFT Payments
Mastercard, a leading payment giant plans to use card payments to expand access to the non-fungible token (NFT)…
Nigerian Banks Pay N7.7 Billion As Audit Fees To PwC, KPMG, EY Others In 2021.
Listed commercial banks operating in Nigeria paid an aggregate of N7.72 billion to auditing firms in 2021, which…
Asia Stocks Advance As Investors Weigh Impact of Hawkish Central Banks
Asia's stocks rose on Wednesday, encouraged by a rally on Wall Street. But worries kept gains in check that…
Naira Falls To N420/$1 At I&E Window Despite Moderations At Parallel Market-…
Tuesday, June 7th,2022: At the Investors and Exporters (I&E) window, naira and the US dollar exchange rate…