Nigeria’s forex scarcity, huge blow to investor confidence – Rewane’s FDC
The Financial Derivatives Company Limited has said the scarcity of foreign exchange in Nigeria is a huge blow to investor
Read more
FEATURED
Dollar shortage hits Nigerian bank’s dividend payment to GDR holders
Payment of dividends to holders of Nigeria’s Guaranty Trust Bank global depository receipts has been delayed due to difficulties in
Read more
NNPC sets sights on greater transparency, partners EITI
The Nigerian National Petroleum Corporation has joined a group of over 65 extractives companies, state-owned enterprises, commodity traders, and others
Read more
Nigerian govt increases petrol pump price by N20.3/litre
The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium
Read more
Ecobank Nigeria extends zero charge for money transfer
Ecobank Nigeria says it has extended its zero-charge fee for digital money transfers below N5,000 till the end of September
Read more
‘Global energy demand could suffer largest decline in 70 years’
Global energy demand is set to fall by six percent in 2020, the largest in 70 years, due to the
Read more
We’ll boost external reserves to defend naira – CBN
The Central Bank of Nigeria has said it will strive to increase its foreign exchange reserves to safeguard the value
Read more
Nigeria’s external reserves resume falling streak after $36.59bn high
Nigeria’s foreign exchange reserves have pared some of the recent gains after hitting a 2020 high of $36.59 billion last
Read more
Nigeria’s economy faces worst recession in 40 years, says World Bank
The collapse in oil prices, coupled with the COVID-19 pandemic, is expected to plunge the Nigerian economy into a severe
Read more
After reappointment, Afreximbank president vows to create integrated African market
The President of the African Export-Import Bank, Prof. Benedict Oramah, has said the ultimate goal under his second term of
Read more