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Sell Pressure Drags Nigerian Exchange Lower by N259bn Equities investors in the Nigerian Exchange (NGX) lost about N259 billion in the first trading session in the new week due to a slowdown in bargain hunting ahead of an expected Santa Claus rally. Though the buying mood was altered as stocks that gained previously were offloaded, […]

US Dollar Mixed Ahead of Jobs Report The US dollar starts the week on a mixed note ahead of the November employment report. USD/JPY pair is trading at a new corrective low, while EUR/USD continues to lick its wounds after a torrid session on Friday, ING FX analyst Chris Turner said in a note. Federal […]

DMO Offers December FGN Savings Bonds The Debt Management Office (DMO), on Monday, offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. The first offer is a two-year FGN savings bond due on Dec. 13, 2025, at an interest rate of 12.287 per cent per annum. The second offer […]

Brent Slumps to $78 on Negative Market Sentiment Crude oil prices slid early on Monday due to a negative market sentiment that followed the Organisation of Petroleum Exporting Countries (OPEC) and allies’ (OPEC+) production cut. Oil market sentiment remains negative this morning, with both Brent and WTI futures trading almost 1% lower after the announcement […]

Bitcoin Price Jump Fuelled by Scandal Crackdowns, Central Bank Expectations Bitcoin topping $40,000 is because – not despite – the recent scandals are clearing out the bad actors from the market, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations. deVere Group’s CEO Nigel Green is speaking […]

Nigeria T-Bills Yield Sinks Ahead of CBN Auction The average yield on Nigerian Treasury bills (NTB) slumped by 26 basis points to close at 10.50% on Friday ahead of the midweek auction by the Central Bank of Nigeria (CBN). On Wednesday, the apex bank will be refinancing maturing treasury bills worth more than N104 billion […]

Bitcoin Spikes to $41, 700 as Crypto Assets Rally The largest crypto asset, Bitcoin and other cryptocurrencies recorded significant gains early on Monday. Following a sustained buying momentum, the largest digital asset hit 20 month high. Bitcoin price spiked by 6% over the past 24 hours to about $41,700, blowing past the key levels of […]

Information Minister: 2024 Budget Demonstrates Tinubu’s Commitment to Fiscal Responsibility The Minister of Information and National Orientation, Alhaji Mohammed Idris, says the 2024 Appropriation Bill of N27.5 trillion submitted to the National Assembly demonstrates President Bola Tinubu’s commitment to fiscal responsibility. Idris stated this at the 2023 Public Lecture and Annual General Meeting of the […]

Why Virtual Mobile Operator is Becoming Vital Part of Africa’s Economy As of the end of 2022, there were officially 1,986 mobile virtual network operators (MVNOs) deployed and operational worldwide, of which around 50% were in Europe. However, this figure may not be entirely accurate. In addition, there is an informal number of other virtual […]

The UK has announced it would raise the minimum salary threshold for a skilled worker visa and prevent overseas health and social care staff from bringing family dependents to Britain. Prime Minister Rishi Sunak’s office trumpeted the proposals as “the biggest clampdown on legal migration ever”. But critics said it would damage the state-run National […]

*As Ministry Prosecutes Over 2,000 Cases For FG The Senate has been informed that poor funding is seriously hampering the work of the Federal Ministry of Justice and its parastatals. The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), said for instance, out of the N3.3 billion budgeted for the capital […]

*Ojukwu Express Regret & Shock Over Money Incident The inauguration ceremony for newly conferred Senior Advocate of Nigeria (SAN) Chikaosolu Ojukwu has sparked controversy, drawing criticism from lawyers over the spraying of money that took place. The ceremony, held on November 27th, was followed by a reception organized by family, friends, and well-wishers. However, the […]