FX Market: Central Bank Of Nigeria Intervened With $10.308bn In Six Months
The Central Bank of Nigeria (CBN) sold a total of $10.308 billion in the foreign exchange (FX) market in the first…
Federal Government Of Nigeria Targets 500,000 Employees Under Survival Fund Scheme
The Federal Government has announced a plan to support over 500,000 employees with a N30,000 one-off grant,…
Ehingbeti: Experts Urge Goverment On Digital Policy Consistency
Technology experts at the ongoing Lagos State Economic Summit, Ehingbeti, have stressed the need for governments to…
Bears Maintain Dominance On NSE, Market Drops Further By N15Bn
The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion…
$3.5bn Loan: Nigeria Not Fully Complying With Terms – International Monetary…
International Monetary Fund (IMF) has accused the Federal Government of reneging on some of the conditions it…
Texas Clamps Down On Out-Of-State Gas Sales Amid Shortages
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a…
Apple lobbies For India Incentives As It Plans IPad Assembly
Apple Inc is angling to participate in a new scheme to boost India’s exports of computer products, part of what…
Texas Energy Freeze Stretches To Sixth Day, Raises Mexico’s Ire
Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled…
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter…
Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to shore…
Barclays Resumes Dividend Payouts As Annual Profit Halves
Barclays has resumed shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting…
Yuan Hits 2-1/2 Year High On China Inflows
(AFP) HONG KONG: Vaccine rollouts and economic recovery expectations drove the reflation trade further in Asia.…
Nigerian Court Blocks Shell’s Accounts Over Alleged Oil Theft
The respondents are the 20 banks where the Shell companies operate accounts in Nigeria
The Federal High Court in…
Bitcoin Soars To New High Above $52,000; Sustainability Concerns Rise
Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000…
Central Bank Of Nigeria Directs Banks To Open Dollar Account For Remittances
The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders…
New York Attorney General Sues Amazon Over Covid Shortfalls
New York Attorney General Letitia James sued Amazon.com on Tuesday over its handling of worker safety issues around…
Marketers Raise Petrol Price To N170, Depots Suffer Shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in…
US Sells $200m In Weapons To Egypt Despite Human Rights Abuses
The United States approved an arms sale worth nearly $200m to Egypt but vowed to press human rights issues after an…
Nigeria To Turn Central Bank’s $26 Bln Financing Into 30-Year Loan
Nigeria plans to convert 10 trillion naira ($26.3 billion) worth of short-term government financing by the central…
Interswitch Joins Nigeria’s $17Bn E-commerce Market With Quickteller Business
Interswitch-owned Quickteller has become the latest entrant in the Nigerian e-commerce market estimated at $17…
U.S. Producer Prices Post Biggest Gain Since 2009
U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged,…
Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom
Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth…
A Nigerian Rivers Investment Firm Flees With Depositors’ Funds
AN investment company in Igwuruta, Obio/Akpor Local Government Area of Rivers State has left its customers…
Nigeria: Declare State Of Emergency On Security, Senate Tells Buhari
The Senate on Wednesday asked the President, Major General Muhammadu Buhari (retd), to declare a state of…
Nigerian Marketers Raise Petrol Price To N170, Depots Suffer Shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in…
Federal Government Of Nigeria Subsidises Electricity By N50Bn Monthly, Says…
The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn…
Nigeria May Demand For Increased Crude Production From OPEC+ In March
Nigeria may demand increased daily crude oil production from OPEC+ in March when the restriction placed on the…
G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD
Based on our short-term fair value model, EUR, JPY, NZD and AUD are all undervalued vs USD by more than 1%. Among…
Experts Caution Federal Government, Central Bank Of Nigeria As Inflation Hits…
As Nigeria’s headline inflation jumps to 16.47 per cent from 15.75 per cent, economic experts have implored the…
Africa Leads Global Mobile Money Growth With 46 Percent
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants,…
Wealthy, Efficient Dutch Play Catch-Up In Vaccine Roll-Out
Despite its wealth and reputation for efficiency, the Netherlands trails in the European Union vaccination…