Browsing: Nigeria

Oil prices slumped to a 10-week low on Tuesday due to stronger US dollar worsening energy costs while a weak macro sentiment outweigh more positive data from China.

The Nigerian naira exchange rates diverged after the local currency was launched into recovery with FX backlog settlement by the apex bank. The exchange rate crossed to N809.02 from behind amidst demand and supply imbalance.

The Nigerian Exchange (NGX) jumped by N155 billion on Monday, racing toward N40 trillion in market capitalisation projected by some stockbrokers.

An Assistant Secretary for U.S. Economic and Business Affairs, Ramnin Toloui, has forecast a 100 billion dollar revenue from Nigeria’s creative industries by 2030.

The Debt Management Office (DMO), on Monday, released two New Federal Government of Nigeria (FGN) savings bond offers for subscription.

Pension Fund Administrators (PFAs) staked about 65.2% of Nigeria’s total pension assets in the Federal government’s borrowing instruments, a review of a report posted by the pension commission showed.

Oil prices increased as Saudi Arabia and Russia tightened supply with voluntary production cuts. ICE Brent price rose 0.86% on Monday to $85.62 per barrel from the closing price of $84.89 a barrel in the previous trading session on Friday.

The Public and Private Development Centre (PPDC), a non – non-governmental organisation has expressed concern over the delays in detainee trials in the Nigerian judiciary system.

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.

TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, has won the BusinessDay “Islamic Bank of the Year Award” for the third consecutive time.