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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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Economics FEATURED Latest TOP STORIES 

Nigeria risks falling back into recession, Rewane warns

June 17, 2023June 17, 2023 Markets Reporters 0 Comments Bismarck Rewane, Financial Derivatives Company, Recession in Nigeria

Africa’s biggest economy is at risk of falling back into recession after a slowdown in the first quarter of the

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FEATURED Latest Stocks TOP STORIES 

Nigerian stocks jump 5.5% in week after Emefiele’s exit

June 17, 2023June 17, 2023 Markets Reporters 0 Comments Godwin Emefiele, NGX, Nigerian stocks

Nigerian stocks ended this week with a 5.49 percent increase in the main index as investors reacted to the suspension

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Energy FEATURED Latest TOP STORIES 

Nigeria, Morocco, four others sign deal on $25bn gas pipeline project

June 16, 2023June 16, 2023 Markets Reporters 0 Comments Mele Kyari, Nigeria-Morocco Gas Pipeline, NNPC

Nigeria, Morocco, Cote d’Ivoire, Liberia, Benin, and Guinea have signed four significant Memoranda of Understanding related to the Nigeria-Morocco Gas

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