Oil Falls on Prospect of Iranian Exports Offset Concerns
Oil Falls on Prospect of Iranian Exports Offset Concerns Crude oil prices spiral downward on Friday as the prospect of the return of Iranian exports offset supply concerns following increased…
FIRS to Leverage Finance Act for Budget Funding
FIRS to Leverage Finance Act for Budget Funding The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with…
DFIs Commit Over $5.5 bln for MSME Financing in Africa
DFIs Commit Over $5.5 bln for MSME Financing in Africa The coalition for a sustainable and inclusive recovery of the private sector, an international group of 20 development finance institutions…
Dangote Refinery, Credit Facility, Can Accelerate Nigeria’s Economic Recovery Process -IMF
Dangote Refinery, Credit Facility, Can Accelerate Nigeria’s Economic Recovery Process -IMF The International Monetary Fund (IMF) has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting…
Federal Reserve Minutes: What Should Investors Do Now?
Federal Reserve Minutes: What Should Investors Do Now? Investors should consider three key sectors in response to the release on Wednesday of the minutes of the Federal Reserve’s latest policy…
NLNG Denies Illegal, Backdoor Exportation of LNG
NLNG Denies Illegal, Backdoor Exportation of LNG Nigeria LNG (NLNG) Ltd. on Thursday dismissed a report on engaging in illegal or backdoor exportation of Liquefied Natural Gas (LNG) or any…
Yield on FGN Bond Falls after DMO Auction
Yield on FGN Bond Falls after DMO Auction The average yield on Federal Government of Nigeria (FGN) bonds track lower midweek after Debt Management Office (DMO) auction amidst cautious trading…
Fuel Pressures to Worsen Inflation, Squeeze GDP Growth
Fuel Pressures to Worsen Inflation, Squeeze GDP Growth The discomfort that follows the scarcity of fuel: Premium Motor Spirit (PMS) and other hydrocarbon related products, in particular, would raise the…
MTNN, SEPLAT, UBA Drive Intraday Loss in Equity Market
MTNN, SEPLAT, UBA Drive Intraday Loss in Equity Market The Nigerian Exchange (NGX) is currently tracking lower on Thursday noon as stockbrokers dump some bellwethers, and mid-caps stocks, midday report…
Nestlé Introduces NESCAFÉ MALTY
Nestlé Introduces NESCAFÉ MALTY Nestlé Introduces NESCAFÉ MALTY Nestlé Nigeria has introduced NESCAFÉ MALTY, a new blend of coffee and malt in the NESCAFÉ 3in1coffee options which deliver a rich,…
Oil Prices Skid Over Uncertainties, U.S Inventory Build
Oil Prices Skid Over Uncertainties, U.S Inventory Build Crude oil prices skid over uncertainties in the Russia-Ukraine imbroglio that is affecting supply while the U.S see stockpile rising. Pressures fail…
Nigeria’s Economy Expands 3.40% in 2021
Nigeria’s Economy Expands 3.40% in 2021 Nigeria’s economy expands by 3.40% year on year in a real term in the fiscal year 2021, according to the National Bureau of Statistics…
NIN Verification Service Portal Restored, Says NIMC
NIN Verification Service Portal Restored, Says NIMC The National Identity Management Commission (NIMC) says the National Identification Number (NIN) Verification Service (NVS) portal has been fully restored following a crash…
DMO Faults IMF on Nigeria’s Debt Sustainability Report
DMO Faults IMF on Nigeria’s Debt Sustainability Report The Debt Management Office (DMO) has faulted the projection of the International Monetary Fund (IMF), a multilateral lender that Nigeria might spend…
Low FPIs to Ease Capital Flight Pressure in Fixed Income Market if U.S Hikes Rate
Low FPIs to Ease Capital Flight Pressure in Fixed Income Market if U.S Hikes Rate An expected capital flight that will follow the United States interest rate hike would have…
Nigerians Decry Threat, Intimidation, Cyberbullying by Loan Sharks
Nigerians Decry Threat, Intimidation, Cyberbullying by Loan Sharks Some Nigerians have been complaining about improper activities of “loan sharks” who offer them unsolicited loan facilities only to start harassing them…
Bank of Industry Issues €700 Million Eurobond at 7.5%
Bank of Industry Issues €700 Million Eurobond at 7.5% Bank of Industry (BOI), Nigeria’s largest Development Finance Institution (DFI), has issued a 5-year €700 million Eurobond, 40 per cent above…
Unease as PFAs Fund Banks Balance Sheet with Retirement Savings
Unease as PFAs Fund Banks Balance Sheet with Retirement Savings Analysts have expressed concern over the use of retirement savings account by Pension Fund Administrators (PFAs) in the country to…
Naira Trades at N416 as Parallel Market Rate Worsen
Naira Trades at N416 as Parallel Market Rate Worsen Nigerian naira trades strong against the United States dollar in the Investors and Exporters or official foreign exchange window where it…
NASD OTC Expands N8bn as Friesland Campina, CSCS Gain
NASD OTC Expands N8bn as Friesland Campina, CSCS Gain NASD Over-the-Counter (OTC) expand by about N8 billion in the just concluded week due to price appreciation in Friesland Campina Wamco,…