ECB Weighs Chance To ‘Talk Down’The Euro
The recovery is on. Economies across the eurozone are reopening and business is returning to normal, or at least as…
Pound Hits 6-Week Low On Brexit Fears, Implied Volatility Curve Inverts For First Time In 6 Months
The pound fell to its lowest level in six weeks against the dollar on Wednesday as new legislation by the…
How China Is Closing In On Its Own Digital Currency
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank…
Weak Currency Discouraging Foreign Investment In Nigeria’s Economy
The federal government has been asked to take advantage of the global liquidity glut being experienced during the COVID-19 period…
ECOWAS Halts Single Currency Launch, Adopts Gradual Approach
The Economic Community of West African States has postponed the planned launch of its single currency, the Eco. The body…
Experts warn as ATMs breed dirty notes
Experts, yesterday, blamed the preponderance of dirty notes on corruption and lack of political will, as 22,000 Automated Teller Machines…
Niger Exports Fuel To Nigeria As Egypt, Algeria Build 13 Refineries
Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria…
Nigeria: FG Debt Now N24.52Tn, Recorded N561.71Bn Deficit – CBN
The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory…
UPDATE 1-Nigeria Asks For $1.1 Bln Advance From Eni, Shell In Graft Case
Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an…
Marketer Free To Sell Petrol At Suitable Prices, PPPRA Tells Nigerians
Barely 24 hours after depot owners called for full deregulation of the downstream sector of the petroleum industry, the Nigerian…
Nigerian Stock Exchange Intensifies Efforts To Introduce Derivatives To The Nigerian Capital Market
As investors anticipate the launch of Derivatives trading in the Nigerian capital market, The Nigerian Stock Exchange (NSE or The…
Oil Slides 5% To Lowest Level Since June On Demand Fears
Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand…
CBN’s FX Interventions; Good Cheer But How Sustainable?
According to reports in the local media, the Central Bank of Nigeria (CBN) has resumed FX sales at the Investors…
Exchange Rate Is Weakened At NAFEX Window As Drop In Dollar Supply Continues
The Forex turnover dropped by 22% as Nigeria’s exchange rate at the NAFEX window depreciated to 386.21 during intraday trading…
Stronger Collaboration With CBN’ll Stabilise Naira –ABCON President
The Association of Bureau De Change Operators of Nigeria (ABCON), has called for stronger collaboration between the Central Bank of…
Lower Oil Prices Are Coming
Oil is entering a weak season at the same time that the monthly cycle peaks. The combination of the bearish…
Foreign Exchange Inflows Fell To $5.52bn In May
Foreign exchange inflows into the country fell to $5.52bn in May, the latest figures from the Central Bank of Nigeria…
Refinery News Roundup: Most Refineries In Africa Back Online
Chad’s Ndjamena refinery, in Djarmaya, 30 km (17 miles) from the capital, is providing regular daily shipments of butane, and…
Dollar Firms, Yen Up As Tech Selloff Hits Forex
The dollar found support on Wednesday as a stock market slide spooked investors into selling riskier currencies, while worries about Brexit pushed…
Travellers Groan Over Arbitrary Covid-19 Test Fees
The Federal Government has denied knowledge of alleged N42,000 being charged for COVID-19 test by its approved hospitals even as…
Edo Modular Refinery Targets To Process 60,000BPD Of Oil
Benin City — The Edo Modular Refinery is targeting an increased refining capacity of 60,000 barrel per day (bpd) of…
GTBank Begins Search For Agbaje’s Successor, To Adopt Holdco Structure
Guaranty Trust Bank Plc (GTBank) has started the recruitment process for the role of its chief executive officer currently held…
Stocks Making The Biggest Moves After Hours: Lululemon, Slack, Lyft And More
bell: Slack — Shares of the messaging platform tanked 14% in after hours trading on Tuesday despite its better-than-expected quarterly results.…
Qatar Airways To Relaunch Lagos Connections This Week
Qatar Airways will relaunch flights to Murtala Muhammed International Airport in Lagos, Nigeria, from September 10th. The four times weekly…
NESG Expresses Worry Over Poor State Of Nigeria’s Economy
The Nigerian Economic Summit Group (NESG), a private sector-led think-tank and policy advocacy group that promotes sustainable growth and the…
African Nations Say They’re Being Ripped Off By Wall Street
Macky Sall had a bone to pick with creditors. Sitting before the head of the International Monetary Fund, investors and…
A Review Of The Recent CBN Directive On Form M Issuance From A Transfer Pricing Perspective
Following the drop in global crude oil prices and the economic shutdown caused by the COVID-19 pandemic, economies across the…
Singapore’s Temasek Says Its Portfolio Fell For The First Time In Four Years Due To Covid-19
Singapore’s state investment company Temasek said Tuesday the net value of its portfolio fell for the first time since 2016…
Oil Drops 5% On Demand Fears
Oil fell below $42 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in…
Mitch McConnell Says Senate Will Vote On Coronavirus Stimulus Plan As Soon As This Week
The Senate will vote on a coronavirus stimulus bill as early as this week, Majority Leader Mitch McConnell said Tuesday.…