Sterling Sinks To Two-Week Low Vs Euro, One-Week Low Vs Dollar
Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled…
Billionaires List: Dangote, Adenuga, Rabiu’s Wealth Rises By $5.7bn
The combined net worth of three of Nigeria’s richest persons increased by $5.7bn in one year to $22.5bn, according…
Oil Prices Rise On Stronger Economic Outlook, U.S. Stockpile Draw
Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19…
Nigerian Stock Exchange CEO Oscar Onyema Completes Tenure, To Head NGX Group
Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange has completed his tenure.
Onyema, 52,…
FG Opens April Savings Bonds
The Federal Government has through the Debt Management Office opened the April savings bond offer to investors.…
FMDQ Exchange To Commence Derivatives Trading Soon
FMDQ Securities Exchange Limited yesterday said that the implementation of its derivatives market development…
China’s March Forex Reserves Fall To $3.17 Trillion
BEIJING - China’s foreign exchange reserves fell more than expected in March, official data showed on Wednesday, as…
Dollar Hovers Near Two-Week Low After U.S. Yields Slip
The dollar hovered near two-week lows after U.S. bond yields eased from recent highs, while market participants…
‘Nigeria Can Export $3bn Worth Of Cocoa Derivatives Under AfCFTA’
The federal government has disclosed that by taking advantage of the African Continental Free Trade Area (AfCFTA),…
AMCON Plans To Operate Arik, NG Eagle Side-By-Side
The state-owned Asset Management Corporation of Nigeria (AMCON) intends to retain Arik Air (W3, Lagos) alongside…
Nigeria Heading For The Brink, Mohammed Warns, Urges Restraint
With growing insecurity across the country, secessionist agitations and ethno-religious crisis, the Minister of…
DPR Revokes Addax Petroleum’s Four Oil Blocks For Non-Performance
The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OMLs) belonging to Addax…
Mobile Money: GSMA Tasks Nigeria On Telco-Led Sector
As African countries continue to blaze the trail in world mobile money growth, Sub-Saharan Africa, however has the…
Nigeria’s Seplat Issues $650m Senior Oil And Gas Bond
Nigerian independent oil and gas firm, Seplat Petroleum Development Company, has issued a five year,…
Bitcoin, Fiat Currencies Unnerved Even As Goldman Ditches Short USD Trade
Investment banking giant Goldman Sachs’ latest decision to retract from its bearish view on the U.S. dollar is…
Asian Shares Ease From Three-Week Highs, Dollar Retreats
Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors…
Czech PM Babis To Appoint New Health Minister – CTK News Agency
Czech Prime Minister Andrej Babis will replace Health Minister Jan Blatny on Wednesday, the CTK news agency…
Ibom Air Will Soon Start Flight To Gambia – Emmanuel
Gov. Udom Emmanuel of Akwa Ibom has said that Ibom Air, the state-owned airline, will extend its flight operations…
$2bn FX Backlog: Experts Suggest Way Out
FOLLOWING an estimated $2 billion unmet Foreign Exchange (FX) demand, finance and economic experts have expressed…
IEA Sees Drop In Nigeria’s Crude Oil Capacity By 2026
The International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to…
CANADA FX DEBT-Canadian Dollar Notches 2-Week High As Risk Appetite Climbs –
The Canadian dollar advanced
against its broadly weaker U.S. counterpart on Monday as robust
U.S. economic data…
ADQ To Acquire Egypt’s Amoun Pharmaceutical Company
The UAE’s ADQ, one of the region’s largest holding companies plans to acquire Amoun Pharmaceutical Co. from…
SaltPay To Acquire Apis Partners-Controlled Tutuka; PE To Swap Stake
European payments firm SaltPay has inked a deal to acquire South Africa-born third-party payments enabler…
Airtel Africa Sells $200M Mobile Money Business Stake To TPG’s Rise Fund
In February, London-listed telecom Airtel Africa said it was looking to sell a minority stake in its mobile money…
IMF Excludes Nigeria From Debt Relief
Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the…
Sweden To Bring In Banks In Next Stage Of E-Krona Project
Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency - the…
Oil Rebounds On Robust Economic Data
Oil prices rose on Tuesday supported by strong economic data from China and the United States, recouping some of…
NIRSAL Recovers 51 Per Cent Of Legacy Loans
The Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) Aliyu…
Brookfield, BlackRock No Longer In Race For Over $10 Billion Aramco Pipeline Stake…
U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake…
Azman Reshuffles Management After NCAA Audit
Azman Air has reshuffled a number of appointments amongst its management cadre following the recently concluded…