Author: Ogooluwa Aremu
The MTN Nigeria Communications Plc has temporarily suspended its airtime and data lending service, “Xtratime”, following new regulations introduced by the Federal Competition and Consumer Protection Commission (FCCPC).
Ecobank Nigeria, a subsidiary of the leading Pan-African financial services group, Ecobank Group, has announced the fifth edition of the Adire Lagos Experience, its flagship cultural and creative industry showcase.
Nobody deserves to be jobless in Nigeria, where the cost of living is already killing the living. Personal leverage can eliminate joblessness for anyone who understands business, especially for those with near-inelastic demand – simply put, services people require daily.
Oil Prices Decline on Trump Remarks on U.S.-Iran War Oil prices eased on Wednesday as negotiations between the US and Iran helped ease supply concerns among market participants, following President Donald Trump’s remarks that the conflict appears “close to over” and that US-Iran talks could resume in Pakistan within two days. International benchmark Brent crude futures traded at $94.77 per barrel, down around 0.02% from the previous close of $94.79. US benchmark West Texas Intermediate (WTI) fell about 0.3% to $91.01 per barrel, compared with $91.28 in the previous session. Trump said the US-Israeli war with Iran is “close to…
The International Monetary Fund (IMF) expects global economic growth to be slightly weaker than previously forecast, warning that rising geopolitical tensions and energy disruptions are weighing on activity.
The Nigerian local currency, the naira, gained against the US dollar at the official foreign exchange market amid a surge in FX liquidity.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for immediate reinstatement of petrol import licences to encourage multiple supply sources, deepen competition and stabilise pump prices.
Oil prices slid in the global commodity market on Tuesday as optimism over US-Iran talks cooled supply fears, after rallying more than 8% on US President Donald Trump’s decision to impose a blockade on the Strait of Hormuz following failed weekend negotiations.
Nigerian T-Bills Yield Slides to 17.40% Ahead of Inflation Ahead of inflation, the average yield on Nigerian Treasury bills declined by 3 basis points (bps) in the secondary market to 17.40% on Monday, traders said in a note. The National Bureau of Statistics (NBS) is expected to release the consumer price index (CPI) this week, with a mixed outlook compared to pre-Middle East war levels. Due to sustained interest in the naira’s curve, the Treasury bills market saw demand across the short and belly of the curve amid sustained downward adjustments in spot rates. The past two primary market auctions…
Naira Surges to N1359 on Improved NFEM FX Liquidity The naira recorded another sharp gain on Thursday, as the Central Bank of Nigeria’s (CBN) latest daily FX publication showed increased interbank liquidity. The official exchange rate at the Nigerian Foreign Exchange Market (NFEM) strengthened to N1,359.3156 per US dollar, reflecting robust forex liquidity and the absence of pressure from international payments. During the intraday trading session, spot FX rates were quoted between N1351.5000 and N1365, a significant improvement compared with the previously quoted N1363 and N1388. The CBN data showed that Interbank turnover increased to N71.156 million across 115 deals,…