FG, CBN to Finance 75,600 N-power Beneficiaries
FG, CBN to Finance 75,600 N-power Beneficiaries The Federal Government in collaboration with the Central Bank of Nigeria (CBN), has concluded plans to give financial empowerment to 75,600 batches A…
Shell, Eni Declare Force Majeure on Nigerian Crude
Shell, Eni Declare Force Majeure on Nigerian Crude Nigerian supply was hit by export disruptions to the Bonny and Brass River crude streams, oil giants Shell and Eni said on…
Access Bank Closa Agents Hit 100,000 Mark
Access Bank Closa Agents Hit 100,000 Mark Access Bank Plc says it has commissioned and empowered 100,000 Access Closa Agents to provide more than banking services to its existing and…
US Stock Mixed as Treasury Yield Hits 2.5%
US Stock Mixed as Treasury Yield Hits 2.5% US stocks were mixed in choppy trade, and Treasury yields surged ahead of a meeting of the Federal Reserve this week in…
BTC, ETH Swing as EU Vote Down Crypto Bill
BTC, ETH Swing as EU Vote Down Crypto Bill Digital assets swing negative as the European Union parliament today voted down the crypto market bill. Most of the top 20…
Treasury Yield Prints 3.4% as Bond Tracks Higher
Treasury Yield Prints 3.4% as Bond Tracks Higher The average on the Nigerian Treasury bills was flattish on Monday due to thin trading recorded in the secondary market after a…
NGX, MTNN to Enhance Retail Participation in Capital Market
NGX, MTNN to Enhance Retail Participation in Capital Market Nigerian Exchange Limited and MTN Nigeria Communications Plc (MTNN) have announced the signing of a Memorandum of Understanding (MoU) to further…
FG to Use Eurobond Cash, Borrow More to Pay Subsidies
FG to Use Eurobond Cash, Borrow More to Pay Subsidies After failing to implement the Petroleum Industry Act, the Federal Government of Nigeria (FGN) will again visit the Eurobond market…
Guinness Not Leaving Nigeria – Official
Guinness Not Leaving Nigeria – Official Management of Guinness Nigeria Plc has said that the company has no plans of leaving Nigeria, contrary to the false statements making rounds on…
IMF Says Russia-Ukraine Crisis to Impact Africa Economy
IMF Says Russia-Ukraine Crisis to Impact Africa Economy Ms Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) says the war in Ukraine can have a devastating blow for…
FG Seeks US Funding to Develop Natural Gas Resources
FG Seeks US Funding to Develop Natural Gas Resources Minister of State for Petroleum Resources, Timipre Sylva, has called on the U.S, Government to provide funding support for the Federal…
T-Bills Yield Prints 3.4% as Spot Rates Tumble
T-Bills Yield Prints 3.4% as Spot Rates Tumble Trading in the Nigerian Treasury Bills secondary market was mixed albeit with a bullish bias, as the average yield pared by two…
How Governors Spend Security Vote – Fayemi
How Governors Spend Security Vote – Fayemi The Chairman, Nigeria Governors’ Forum (NGF), Gov. Kayode Fayemi of Ekiti State, on Thursday explained that security votes collected by state governors are…
Fitch Downgrades Russia, Cites Imminent Default
Fitch Downgrades Russia, Cites Imminent Default Fitch Ratings has downgraded Russia’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘B’. Typically, the rating agency said it does not…
Global Impact of Russian Invasion –Moody’s
Global Impact of Russian Invasion –Moody’s Europe will struggle more than the U.S., but Russia will take the biggest economic hit. Russia’s invasion of Ukraine is taking a massive human…
Banks Reduce FX Spend Limit by 80% for Individuals
Banks Reduce FX Spend Limit by 80% for Individuals Nigerian banks have cut their customers’ naira cards monthly spending by 80%, according to flurry emails seen by Nairalaw.com as part…
Long Serving CEOs Make the Best Leaders
Long Serving CEOs Make the Best Leaders The latest Brand Guardianship Index from Brand Finance has shown that the CEOs that are best at providing long-term value to their brand,…
NGX Ends Higher as Investors Gain N40 bln
NGX Ends Higher as Investors Gain N40 bln Equity investors at the Nigerian Exchange, NGX, gained about N40 billion on Friday as the local bourse ends the week on a…
GTCO Profit Falls 13.2% in 2021
GTCO Profit Falls 13.2% in 2021 Guaranty Trust Holding Company Plc, (GTCO Plc) profit after tax for the year 2021 falls by 13.2% to N174.8 billion, according to the group…
UBA, ACCESS, Zenith Drive Intraday Rally on NGX
UBA, ACCESS, Zenith Drive Intraday Rally on NGX United Bank for Africa, Access Bank and Zenith are among the leading stocks that are enjoying equity investors’ participation at the local…