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CBN Set to Begin Chinese Currency Sale

Following the currency swap deal signed last month with the People’s Bank of China last month, the Central Bank of Nigeria has said it may conduct bi-weekly bidding sessions for the sale of [...]

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Abandoned Investments Threaten Future Oil Sector Demand

Though the price of crude Oil has maintained a steady increase in the last six months, for the members of Organisation of the Petroleum Exporting Countries (OPEC), it is not yet time to [...]

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World Bank Expects Global Growth at 3.1 Per Cent

The World Bank has assured that the global economy would return a growth of 3.1 per cent in 2018, despite recent softening and headwinds. But it also warned in its June 2018 Global Economic [...]

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Shell Says Nigeria Attacks Persist Even As Oil Output Recovers

Nigeria’s Oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output. “Security in parts of the Niger Delta remains a major concern with [...]

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FG Offers Investors Fresh Savings Bonds

The Federal Government, on Monday, offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full faith and [...]

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Nigeria Lagging Behind in Financial Inclusion, Mobile Money ― IFC

The International Finance Corporation has said Nigeria is lagging behind its peers in sub-Saharan Africa in terms of financial inclusion and mobile money. In a report, titled ‘Digital Access: The [...]

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NSE: Dependence on Foreign Investors Worries Experts

Capital Market experts have expressed concerns on the volatility and spillover effect caused by over dependence on foreign investors in the Nation’s stock market. According to them, the major [...]

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Nigeria Records $24.7Bn Forex Inflow in Three Months

The Nigerian economy recorded a total Foreign Exchange inflow of $24.71Bn, figures obtained from the Central Bank of Nigeria have revealed. The Apex Bank said the inflow was recorded as a result [...]

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STOCK MARKET REPORT FOR 1ST OF JUNE, 2018

It was a four-day trading session this week as the Federal Government of Nigeria declared Tuesday May 29th, 2018 a public holiday to mark the Democracy Day celebration. Meanwhile, a total [...]

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IMF Not Worried about Nigeria’s Debt, Says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not worried about Nigeria’s debt profile. Adeosun said that the country had enough capacity to repay [...]

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