Nigeria’s Furniture Export Rises As Cyrus Doors Enters Alaro City
Nigeria’s furniture export profile has received a boost with the move by Cyrus Doors and Joinery, a leading…
PFAs Invest N8.3tr In FGN Securities
Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out…
Federal Government Targets Private Refineries To Offtake Over 300,000bpd
Except Dangote and other private refineries coming on board give preference to the Federal Government for…
Nigerian Banks Spend Billions Annually On KYCs
A KPMG report has revealed that Nigerian banks spend billions of naira annually to implement the Know Your Customer…
How Wema Bank Is Supporting Nigerians With Loan Offerings
There are many reasons to take out a loan. From needing a bigger shop or office space to buying a new device, or…
Dollar Set For Second Consecutive Monthly Loss Vs Euro And Pound
The dollar came under pressure on Monday and was heading for its second consecutive monthly loss against the euro…
Pound Touches Three-Year High Against The Dollar
The pound reached to a three-year high against the dollar on Tuesday, boosted by thin trade that gave…
External Reserves Dropped By $640m In May – CBN
The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28.…
Dollar Gets Respite As U.S. Manufacturing Picks Up, Jobs Report Awaited
The dollar clung to small overnight gains on Wednesday, edging back from near a five-month trough versus major…
China Yuan Assets Not A ‘Bargaining Chip’ For Gamblers, Xinhua Warns
Chinese yuan-denominated assets are not a “bargaining chip” for gamblers, the official Xinhua news agency said in a…
Sub-Saharan Africa Most Expensive Globally To Send And Receive Money
The cost of remittances in sub-Saharan Africa was the highest, averaging 8.17 percent in the fourth quarter of 2020…
Sterling Hits Fresh 3-Year High As Investors Bet On UK Recovery, House Price…
The pound edged lower on Tuesday after touching a fresh three-year high versus the dollar amid expectations for a…
Stock Market Sheds N812bn In May As Investors Weigh Options
The rally witnessed in the equities market in April was halted in May as rising yields in the fixed income…
Australia Central Bank Holds Rates As Economy Bolts Ahead, A$ Slips
Australia’s central bank left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy…
7,000 Oil Reserves Discovered, Only 1,700 Producing – Nigerian Government
The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been…
We’re Significantly Decongesting Lagos Ports, Says NPA
The Nigerian Ports Authority has said it is making significant progress in decongesting the ports in Lagos with the…
Canada FX Debt-C$ Heads For Monthly Gain As Current Account Swings To Surplus
The Canadian dollar edged lower
against its U.S. counterpart on Monday, but was on track to
notch its fourth…
Nigerian Equities Could Rise, But Upside Is Capped
Global X MSCI Nigeria ETF (NYSEARCA: NGE) provides predominantly U.S. investors with the chance to gain direct…
China C.Bank Says To Raise FX Reserve Requirements
China’s central bank said on Monday that it will raise the FX reserve requirement ratio for financial institutions…
Nigerians Trade N69.29bn Bitcoin In Five Months Despite Ban
Nigerians traded N69.29bn ($169m) in bitcoin volume in the first five months of 2021, according to data analysed…
Yuan Stabilises After New FX Requirements, Corp Clients Told To Hedge
China's yuan clawed back
earlier losses on Tuesday taken after authorities ordered banks
to increase…
Pound’s Gain To Three-Year High Cut Short Amid Variant Concerns
The pound retreated after hitting its strongest level in three years as concern over a new coronavirus strain…
Precious-Gold Prices Near 5-Month Peak On Weaker Dollar, Inflation Worries
Gold prices scaled a near five-month high on Tuesday, driven by a weaker dollar and growing inflationary pressures,…
NNPC Plans To Acquire Stakes In Six Private Refineries
The Nigerian National Petroleum Corporation on Monday said it is currently considering equity…
Economy Can Handle The Sharp Rise In Inflation, Market Bull Ed Yardeni Predicts
The post-lockdown spending frenzy may contribute to a sharp rise in inflation, but Ed Yardeni believes the economy…
Stock Investments Drop By N1.02trn As Buyers Shift To Fixed Income
Investments on the Nigerian stock market declined by N1.022 trillion in the first five months of the year.…
Nigeria Opens Bid For Highway Development, Management
The initiative is aimed at creating alternative sources of financing road development and management in the…
Federal Government: $40bn Investments Needed To Boost Power Supply In Nigeria
The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring…
Corrected-Forex-Dollar In Doldrums As Traders Ponder Fed Policy Path; Sterling…
The dollar languished near
multi-month lows versus major peers on Tuesday, as traders
pondered the prospects for…
Apprehension As Naira Crashes To N700/£1 At Parallel Market
The foreign exchange (Forex) market in Nigeria was thrown into a panic mood on Monday when the value of the Naira …