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Energy FEATURED Latest TOP STORIES 

One dead, three missing as oil rig capsizes, says Seplat

August 15, 2023August 15, 2023 Markets Reporters 0 Comments Depthwise swamp drilling rig Majestic, Seplat Energy

Seplat Energy has announced a “serious incident” on the Depthwise swamp drilling rig “Majestic” in the early hours of this

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FEATURED Latest Money TOP STORIES 

Exchange-traded FX futures worth $0.8m executed in first week – FMDQ

July 15, 2023July 15, 2023 Markets Reporters 0 Comments Exchange-traded FX futures contracts, FMDQ Exchange-Traded Derivatives

Exchange-traded FX futures contracts worth $0.8 million were executed this week following the start of the FMDQ exchange-traded derivatives market.

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FEATURED Latest Money TOP STORIES 

What you need to know to get FX from Nigerian banks

July 6, 2023July 6, 2023 Markets Reporters 0 Comments Access Bank, FX requests, Nigerian banks

One of the biggest commercial banks in Nigeria, Access Bank, has provided the information bank customers need to access foreign

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Latest Thinkpiece TOP STORIES 

How to respond to your mistakes

July 1, 2023July 1, 2023 Markets Reporters 0 Comments Harvey Mackay, Mistakes

By Harvey Mackay The daughter of Ralph Waldo Emerson, American poet, lecturer and philosopher, was attending school away from her

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FEATURED Latest Money TOP STORIES 

Naira devaluation credit negative for Dangote Cement, Coca-Cola: Moody’s

July 1, 2023July 1, 2023 Markets Reporters 0 Comments Coca-Cola, Dangote Cement, Moodys Investors Service, naira devaluation

The recent naira devaluation is credit negative for Nigeria’s nonfinancial companies with foreign currency-denominated debt and local naira cash flow,

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FEATURED Latest Money TOP STORIES 

CBN to resume offer rates quotation for FX futures Monday

July 1, 2023July 1, 2023 Markets Reporters 0 Comments CBN, FMDQ Group, FX futures contracts, offer rates quotation

The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to

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Energy FEATURED Latest TOP STORIES 

Nigeria’s biggest power station says generation hits 1,000MW

June 27, 2023 Markets Reporters 0 Comments Egbin power plant, Mokhtar Bounour

Egbin Power Plc, Nigeria’s biggest power station, says it has achieved a 1,000 megawatts power generation, which it described as

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Economics FEATURED Latest TOP STORIES 

Nigeria’s gains from subsidy removal, FX reforms to top N21trn by 2025: World Bank

June 27, 2023June 27, 2023 Markets Reporters 0 Comments FX reforms in Nigeria, Petrol subsidy removal, World Bank

With the removal of the subsidy and the implementation of FX reforms, the government is projected to achieve estimated fiscal

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Economics FEATURED Latest TOP STORIES 

World Bank sees Nigeria’s inflation hitting 25% on subsidy removal

June 27, 2023June 27, 2023 Markets Reporters 0 Comments Inflation rate in Nigeria, Nigeria Development Update, World Bank

The World Bank has said the inflation rate in Nigeria is expected to peak at 25 percent this year on

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FEATURED Latest Money TOP STORIES 

FX forward, futures contracts surge amid naira devaluation

June 17, 2023June 17, 2023 Markets Reporters 0 Comments Bola Tinubu, FMDQ Group, FX futures contracts, naira devaluation

The demand for foreign exchange forward and futures contracts surged this week as the naira saw a significant decline against

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