China’s Yuan ouches Firmest Point Since June After Strong Fixing
China's yuan briefly rose to its highest point against the U.S. dollar in more than
four-and-a-half months on…
FX Turnover On FMDQ Drops By 28.4% On Reduced CBN Interventions, Foreign Portfolio…
Following reduced interventions by the Central Bank of Nigeria (CBN) and a decline in foreign portfolio investment…
Chinese Exporters Hikes Price By 10%
Chinese exporters are hiking prices, injecting inflation risk into a global economy already hit by supply…
NIgerian Railway Corporation Resumes Cargo Movement From Lagos To Kano, Kaduna Dry…
The Nigerian Railway Corporation (NRC), has resumed movement of cargoes in containers to Kano and…
Rising Transportation,Shelter And Food Price Push Canada Inflation Up By 4.4%
Canada's annual inflation rate accelerated to an 18-year-high in September, driven by rising transportation,…
Dollar Drops As Rate-Hike Bets Profilerate Elsewhere, Yuan Hits 4-Mth Peak
The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets,…
Enhancing Credit Recovery Mechanism To Save Economy
James Emejo writes that just as lack of access to credit could hamper business and retard economic…
Mortgage Demand Drop By 6.3% Due To Increase In Mortgage Interest Rate
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases.…
Goldman Sachs To Integrate Virtual Card Technology By Partnering With American…
Goldman Sachs is partnering with American Express to upgrade its digital cash management offering.
The…
Sterling Hits One-Month High Vs Dollar As UK Rate Hike Anticipation Builds
Sterling hit a four-week high against the dollar on Tuesday as expectations mount the Bank of England…
Bitcoin Hit $64,241 After ETF Listing
The price of Bitcoin surged, near the all-time high after ProShares Bitcoin Strategy ETF, the first bitcoin-linked…
Dollar Sale Ban To BDCs Shows Up In Rising Cost Of Cooking Jollof Rice
The average cost of cooking a pot of Jollof rice for a family of five has increased to N8,000.50 from N7,618…
Nigerians Lose Over N22bn To Imagine Lenders, As Owners Skip Town
Not less than N22 billion in investments seem to have gone down the drain as owners of Imagine Global Solutions,…
Commercial Fifth Generation (5G) Network Is Now Serving More Than 500 million…
Commercial Fifth Generation (5G) network deployment is now in 176 countries around the globe, serving more than 500…
Kaspersky Unveils Free Platform To Encourages Small Business Security
Kaspersky has unveiled a free platform for small businesses to improve their security.
The platform, called…
E-Naira Will Be Available To All Nigerians: CBN
The Central Bank of Nigeria has said the eNaira will be available to Nigerians without Internet-enabled phones.…
Nigeria Stock Exchange Place A Hold On Four Firm Shares Trading
The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of…
Release Of New Chip Surge Alibaba Shares
Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports that its founder Jack Ma …
Association of Nigerian Electricity Distributors Lose N97 Billion In Q1
Electricity distribution companies have said a total of N97bn was lost in the first quarter of this year to energy…
Top 50 Brand Recognition For MTN Nigeria and Dangote Group
Dangote Group and MTN Nigeria Plc have been recognised for their brand image and presence in the Nigerian market by…
Piggyvest: No User Fund Has Experienced Any Loss Of Any Kind
An ongoing report making rounds on social media claims that Piggyvest lost N2 billion in an alleged scam involving…
Chinese EV Maker Xpeng’s Flying Car Aim To Roll Out In 2024
HT Aero, the flying car company backed by Chinese electric carmaker Xpeng Inc. and its founder, raised more than…
E-Commerce “Sendbox” Raise $1.8 Million
An e-commerce fulfillment company for small merchants, Sendbox, has raised $1.8m to help small merchants fulfill…
DPR, PPPRA, PEF Get Scrapped By Federal Government Of Nigeria
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum…
Crypto Fraud Costs More Than $200 Million This Year, U.K. Police Say
Fraud linked to cryptocurrencies surged in the first nine months of the year, U.K. Police said, with victims…
Oil Prices Could Be Higher For Much Longer Says Goldman Sachs
Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight,…
Circulation Currency Rises To N2.84tn, Says CBN
The currency in circulation rose by N58.36bn to N2.84tn in September from N2.79tn in August, the latest figures…
Oil Continues Gain After Eighth Weekly Advance On Energy Crisis
Oil advanced at the open of trading in Asia after an eighth weekly gain with the market facing a global energy…
Operating Licences Canceled By FG For 2 Oil Firms Over Unfair Labour Practices,…
The Federal Government, through the Department of Petroleum Resources, DPR, the regulatory agency in the Nigeria…
Federal Government Raises PPPRA, CBN, Others’ Revenue Targets By N754.31bn
The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and…