Forex Weekly Outlook June 5-9 The U.S. dollar declined against all the 16 major currencies on Friday after data showed the economy added fewer jobs than...
Afreximbank Closes $632.9m, €449.6m Syndicated Loan Facility The African Export-Import Bank has successfully closed a record 632.9 million dollars and 499.6 million Euro dual-tenor dual-currency syndicated...
Proposed N5 Petrol Levy Huge Joke – NUPENG The Nigerian Union of Petroleum and Natural Gas Workers has criticised the proposed N5 petrol levy by the...
NNPC Posts N28.38bn Loss as Refineries Fail to Improve The Nigerian National Petroleum Corporation posted a cumulative loss of N28.38bn, while the combined capacity utilisation of...
Foreign Currency Transactions Fall by 58% The scarcity of foreign exchange which had made the naira to lose its value against other foreign currencies has resulted...
Stocks: Investors Gain N798bn in One Week Investors in the Nigerian stock market recorded N798bn appreciation on their holdings between Friday May 26 and June 2,...
FG Provides N10bn for Workers’ Promotion Arrears The Federal Government has set aside N10bn to offset promotion arrears of civil servants on its payroll. The government...
N’Assembly Members to Buy N50m Abuja Flats Members of the National Assembly are currently subscribing to a mortgage facility that will make each lawmaker cough out...
Dollar Glut Boosts Naira to N369/$ The continuous intervention of the Central Bank of Nigeria, CBN, at the foreign exchange market has started filtering through key...
China to Maintain Stable Monetary Policy Following Moody’s decision to cut China’s credit rating last month, the world’s second-largest economy, China, has said it will maintain...