Naira Tumbles Amidst Doubt Over FX Reserves Balance
Naira Tumbles Amidst Doubt Over FX Reserves Balance The Nigerian naira exchange rate worsened on Monday following news that the total balance in the external reserves might have been over-rated.…
Wale Edun Assumes Duty as Finance Minister
Wale Edun Assumes Duty as Finance Minister The Finance Minister and Coordinating Minister of the Economy, Wale Edun has assumed duty, promising to drive Nigeria’s economy to the next level.…
NGX Gains N250bn as BUA Foods, Dangote Sugar Rally
NGX Gains N250bn as BUA Foods, Dangote Sugar Rally The Nigerian Exchange (NGX) rallied on Monday after closing negative last week. As a result of fresh interest in the consumer…
Rep Urges FG to Declare State of Emergency on Malaria
Rep Urges FG to Declare State of Emergency on Malaria Rep. Amobi Ogah, Chairman of the House of Representatives Committee on HIV/AIDS, Tuberculosis and Malaria, on Sunday in Abuja urged…
Oil Falls as China Rate Cuts Sends Negative Signals
Oil Falls as China Rate Cuts Sends Negative Signals The crude oil market switched gear after its early gains on Monday. Prices slumped due to weak demand amidst uncertainties in…
South African Stocks Halt Loss Ahead of BRICS Summit
South African Stocks Halt Loss Ahead of BRICS Summit The benchmark JSE/FTSE Top 40 index closed Monday’s trading session 0.98% higher, ending a six-day losing streak a day before the…
China Cuts Prime Rate to 3.45%
China Cuts Prime Rate to 3.45% China’s central bank has cut a key interest rate amid concerns about the post-pandemic recovery of the world’s second-largest economy. The People’s Bank of…
Somalia Bans TikTok, Telegram, ringroad.com.ng over ‘Horrific’ Content
Somalia Bans TikTok, Telegram, ringroad.com.ng over ‘Horrific’ Content Somalia has banned TikTok, messaging app Telegram and online-betting odds on ringroad.com.ng search engine website ringroad.com.ng to limit the spread of indecent…
Nigeria’s Net FX Reserves Drop to $3.7bn in 2022 –JP Morgan
Nigeria’s Net FX Reserves Drop to $3.7bn in 2022 –JP Morgan JP Morgan, an American financial services firm, estimated that Nigeria’s net foreign exchange (FX) reserves dropped to $3.7 billion…
Oil Prices Rise as Saudi, Russia Cut Offset Weak Demand
Oil Prices Rise as Saudi, Russia Cut Offset Weak Demand After closing negative in the just concluded week, the global crude oil prices were up as tight supply expectations offset…