By Kestér Kenn Klomegâh United States Trade Representative Katherine Tai will host the 21st US–sub-Saharan Africa Trade and Economic Cooperation Forum (AGOA Forum) in Washington, DC, from July 24 to 26, purposely to work out further…
By Adedapo Adesanya The price of Brent crude depreciated to $86.56 per barrel on Tuesday after it earlier in the day rose by $87.46 per barrel, the highest level since April 30, as traders assessed the risk of war between Israel and…
By Adedapo Adesanya It was not a pleasant day for the Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEX) segment of the FX market on Tuesday as its value further depreciated against the United States Dollar by 0.03 per cent…
By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to winning ways on Tuesday as it closed higher by 0.05 per cent on renewed bargain-hunting by investors. It was observed that the domestic stock market indices were…
By Adedapo Adesanya The Nigerian government has paid a backlog of debts to European airlines to the tune of $850 million. The European Union (EU) Ambassador to Nigeria and the ECOWAS, Ms Samuela Isopi, revealed this at the 9th edition of…
By Adedapo Adesanya The federal government has moved to exempt farmers, small businesses, and manufacturers from paying withholding tax as the country is making final preparations for a new tax regime. This is according to the Chairman of…
By Adedapo Adesanya The National Bureau of Statistics (NBS) has reported that a total of 219,304,281 active voice subscribers were recorded in Nigeria in the first quarter of 2024, a decline of 3.03 per cent compared to the 226,161,713…
The exponential expansion and lucrative prospects within the Forex trading sector continue to attract numerous businesses annually. If you’re thinking of starting your own retail Forex brokerage, it’s important to understand all the unique…
By Adedapo Adesanya FrieslandCampina Wamco Nigeria Plc stocks lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.36 per cent on Monday, July 1 after chalking up N3.84 at the close of trading activities. The share price of the…
Trading systems have evolved over time, allowing for the buying and selling of various financial instruments with fewer interactions. As a result, processing time has been reduced, and efficiency has improved. Investors can use digital…
By Adedapo Adesanya The Naira fell against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, July 1, 2024, by 0.25 per cent or N3.69 to exchange at N1,508.99/$1, in contrast to the previous session’s N1…
By Adedapo Adesanya Crude oil prices gained nearly 2 per cent on Monday on hopes of rising demand during the Northern Hemisphere’s summer driving season and worries that conflict in the Middle East could spread and reduce global oil…
By Dipo Olowookere The first trading day in July and the second half of 2024 at the Nigerian Exchange (NGX) Limited finished on a wrong note after the bears made a quick return to the space. Nigerian stocks lost 0.04 per cent on Monday on…
By Modupe Gbadeyanka Content creators in Nigeria and Ghana using Facebook, a social media application owned by Meta, can now earn money from the platform through in-stream ads and ads. A statement from the tech giant on Monday said the two…
By Aduragbemi Omiyale In the first quarter of 2024, Nigeria attracted $3.367 billion in capital inflow, 198.06 per cent higher than the $1.133 billion recorded in the same period of last year. This information was revealed by the National…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the negative territory in the 26th week of trading in 2024 following a further 0.03 per cent depreciation. This shrank the portfolios of unlisted…
By Modupe Gbadeyanka An innovation centre aimed to equip students with entrepreneurial, practical, and creative skills has been commissioned by Egbin Power Plc. The state-of-the-art facility, located within the Powerfields Group of Schools…
By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has stated that account name discrepancies in Bank Verification Numbers (BVNs) linked to alternate accounts of some defunct Heritage Bank customers are the primary reason…
By Dipo Olowookere Last week, a total of 2.651 billion equities valued at N49.976 billion were traded in 41,610 deals by investors at the Nigerian Exchange (NGX) Limited, in contrast to the 3.301 billion equities worth N53.157 billion…
By Aduragbemi Omiyale Data released by Stanbic IBTC Bank in its Purchasing Managers’ Index (PMI) showed that the private sector recorded slowdowns in growth of output and new orders as a result of subdued demand and intense price pressures…
Interswitch eClat, a health-tech subsidiary of the Interswitch Group, has reaffirmed its commitment to providing Nigerians with quality healthcare services through innovative health-tech solutions. The theme of this year’s event, The…
By Kenechukwu Aguolu According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 33.95% in May 2024, the highest level recorded in 28 years. However, there is a glimmer of hope as the month-on-month inflation…
By Adedapo Adesanya The Federal Competition and Consumer Protection Commission (FCCPC) has visited three steel manufacturing firms to investigate the alleged production of substandard iron rods and alleged involvement in other trade anti…
By Adedapo Adesanya The Nigerian Shippers’ Council (NSC) has launched the operational manual for inland dry port projects as part of efforts to boost efficiency. The Executive Secretary and Chief Executive Officer of NSC, Mr Akutah Pius,…
By Dipo Olowookere The Nigerian Exchange (NGX) Limited crossed the 100,000-point threshold again on Friday after it closed higher by 0.67 per cent on the back of continued buying pressure. The All-Share Index (ASI) was up by 661.26 points…
By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 0.32 per cent or N4.80 on Friday, June 28, closing at N1,505.30/$1 compared with the previous day’s N1,590.10/$1.…
By Adedapo Adesanya The crude oil market closed mixed on Friday as investors weighed weak fuel demand in the United States and took profit as the year’s first half wrapped up. The price of Brent crude futures increased by 2 cents to trade…
By Aduragbemi Omiyale An improvement in the capitalisation metrics of Wema Bank Plc after a capital injection of about N21 billion in 2023 has spurred GCR ratings to upgrade the lender’s national scale long-term issuer ratings to BBB(NG)…
By Adedapo Adesanya The Presidential Enabling Business Environment Council (PEBEC) has concluded its 120-day Regulatory Reform Accelerator Action Plan to improve Nigeria’s business environment. This development was confirmed by the Vice…
By Modupe Gbadeyanka New research conducted by Salesforce has revealed that 77 per cent of workers across the globe trust Artificial Intelligence (AI) to do almost half of their work tasks. The study surveyed nearly 6,000 people around the…