Stock Market Bucks Uptrend, Sheds N810m
Stock Market Bucks Uptrend, Sheds N810m Year-to-date return tracks lower as activities on the Nigerian Exchange (NGX) closed barely changed, recording a marginal drop of 0.003 per cent. Equities investors…
AfDB Launches First ESG African Frontier-Currency Bond
AfDB Launches First ESG African Frontier-Currency Bond The African Development Bank (AfDB) has launched a 19-billion Ugandan shilling (UGX) ($5.07 million) 2-year theme bond, the first-ever African frontier currency-denominated environmental,…
US Dollar Mixed as Market Awaits Q1 GDP Data
US Dollar Mixed as Market Awaits Q1 GDP Data The US dollar was mixed against its major trading partners early Wednesday as markets look ahead to the third estimate of…
Naira Tumbles to N424.88 at Investors & Exporters Window
Naira Tumbles to N424.88 at Investors & Exporters Window The Nigerian naira loses value at the official foreign exchange (FX) window on Wednesday, losing N3.88 on each dollar at the…
Cryptocurrencies Struggle Over Weak Buying Catalysts
Cryptocurrencies Struggle Over Weak Buying Catalysts Top cryptocurrencies struggle to buck the downward trend as retail investors continue to trade exits amidst pressures while market capitalisation dragged lower again near…
FEC Approves Reforms to Bolster Non-Oil Revenue
FEC Approves Reforms to Bolster Non-Oil Revenue The Federal Executive Council (FEC) has approved reforms to shore up the non-oil revenue to N3.8 trillion. Mr Laolu Akande, Senior Special Assistant…
No Refinery is Functional in Nigeria – NNPC GMD
No Refinery is Functional in Nigeria – NNPC GMD Mr Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd says there is no single refinery…
Unclaimed Dividends Rise to N180 Billion -SEC
Unclaimed Dividends Rise to N180 Billion -SEC Alhaji Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), says the commission is working to ensure it reduces the level of unclaimed…
NAICOM Cancels Registration Certificates of Two Insurance Companies
NAICOM Cancels Registration Certificates of Two Insurance Companies The National Insurance Commission (NAICOM), has cancelled certificates of registration of Standard Alliance Insurance Plc, RIC – 091 and Niger Insurance Plc,…
FOREX: Dollar Rises Against Major Trading Partners
FOREX: Dollar Rises Against Major Trading Partners The US dollar rose against its major trading partners early Tuesday, except for the Canadian dollar, ahead of a busy slate of economic…