Nigeria: Analyst Advocates Scrapping Of NDDC, Discretionary Allocation Of Oil…
On the heels of the proposed establishment of Petroleum Host Community Fund in the Petroleum Industry Bill (PIB)…
Dangote Cement Completes First Tranche Of Share Buyback
Dangote Cement Plc has announced the completion of the first tranche of its share buyback programme.
According…
Mutual Funds’ Assets Rise To N1.6tr Stock Market Begins New Trading Week With…
The year 2020 appeared to be the year with the highest growth in the value of mutual fund assets in Nigeria as it…
Stock Market Gains N16bn After First Weekly Loss
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and…
In blow to Trump, Democrats win Georgia, control of Senate
In big blow to Donald Trump and the Republican party, Democrats appeared to have won the two senate seats in…
Paternity Scandal: FCMB Adam Nuru Proceeds on Voluntary Leave to Allow Independent…
The embattled Managing Director of First City Monument Bank (FCMB), Mr. Adam Nuru has reportedly volunteered to…
Nigeria: Bank Customers Condemn Vilifying Posts About FCMB On Social Media
The Bank Customers Association of Nigeria (BCAN) late Sunday detested in unequivocal terms the attempt by some…
Diaspora Remittances In Dollars: Giving Beneficiaries Value For Money
In 2016, the CBN, in an effort to increase remittance inflows and improve the number of formal channels under which…
LCCI: Nigeria May Remain In Recession Beyond 2021
Amid the resurgence of COVID-19, the Lagos Chambers of Commerce and Industry (LCCI) has predicted that Nigeria…
China’s Economy Set To Overtake U.S. Earlier Due To Covid Fallout
The Chinese economy is set to overtake the U.S. faster than previously anticipated after weathering the coronavirus…
What Is Expected In The Forex Market In 2021?
This year, the foreign exchange market was heavily impacted by the coronavirus pandemic. Currencies were often…
Can Oil Stocks Bounce Back In 2021
There's no way to sugar coat things; 2020 was an abysmal year for the oil market. Crude oil prices are on track to…
UK And Turkey To Sign Free Trade Deal This Week – FT
Britain and Turkey are set to sign a free trade deal on Tuesday, the first since Prime Minister Boris Johnson…
NPA Electronic Call-Up System To Decongest Ports
Come January 2021, the Nigerian Port Authority (NPA) will float the electronic version of its call-up system, which…
EUR/USD 1Q Forecast: US Dollar May Rebound Vs. Euro As Fed, ECB Policies Diverge
US Dollar soared at the onset of the Covid-19 pandemic as panicked credit markets began to seize up, sending…
Explainer-How Will The EU-British Trade Deal Change Ties?
British and EU negotiators clinched a wide-ranging free trade deal on Christmas Eve, meaning commerce between the…
Nigeria’s Duty-Free Export To US Shrinks To $351.73m
Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording…
Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap…
Bitcoin markets have been seeing a lot of action this weekend, as the price of the crypto asset touched another…
Nigerians Now Taking Centre-Stage In Downstream Sector, Says DPR
Director, Department of Petroleum Resources (DPR), Sarki Auwalu, has said Nigerian indigenous oil companies are now…
Will Economy Be Better In 2021?
As 2020 draws to a close, many Nigerians look towards 2021 uninspired by the catatonic state of the economy. The…
Economic Crisis: Naira To Fall Further In January, Says CBN Report
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out…
CBN Revokes Licences Of Seven Payment Service Providers
The Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service…
Oil Edges Higher After Brexit Deal, Gains Capped By Pandemic
Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week.…
Mobile Payments Operators Request CBN To Reconsider Position On Diaspora…
The Association of Licensed Mobile Payments Operators (ALMPO) has appealed to the Central Bank of Nigeria (CBN) to…
Nigeria’s Stock Market Closes For Christmas With N2bn Loss
Trading reverses on NSE, closes for Christmas with N2bn loss
Nigerian Stock Exchange (NSE) on Thursday reversed…
Dangote Refinery, A Potential Game-Changer, Says Platts
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by…
Naira Gains N10 On Dollar At Black Market, Trades N465/$1
The Naira continued to wax stronger against the United States Dollar as it gained N10 at the black market on…
British Finance Sector’s ‘EU Passport’ Set To Expire
On January 1, the European finance sector will lose a major player as Britain begins to chart its own course,…
NPA Electronic Call-Up System To Decongest Ports
Come January 2021, the Nigerian Port Authority (NPA) will float the electronic version of its call-up system, which…
Foreign Reserves Remain Pressured
Over the past few months, severe pressure has been mounting on the country's foreign reserves in face of dwindling…