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Electricity Act: Experts Laud FG on 5% Compensation to Host Communities Some experts in the power sector have commended the Federal Government for the five per cent set aside to…
British Petroleum to Invest $1.5bn in Egypt for Development Activities Energy giant, British Petroleum (BP) plans 1.5-billion U.S. dollar new investments for development and exploration activities in Egypt, the Egyptian…
Reps Query Ecobank, Others Over N11.632 trn FG Revenue Collected The House of Representatives has queried Access Bank, Citi Bank, Ecobank and Fidelity Bank over N11.632 trillion revenue collected on…
Selloffs in Tier-1 Banks Stocks Dragging NGX Down The Nigerian Exchange (NGX) equities market capitalisation declined during the intraday trading session in the domestic market due to selloffs seen on…
Yield Shrinks to 15.4% as Demand for Treasury Bills Rises The average yield on Nigerian Treasury bills shrank in the secondary market as investors ramped up short-term borrowing instruments. Deposit…
Stanbic to Meet Health Service Providers to Unlock Opportunities Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC Holdings PLC, announced its forthcoming exclusive healthcare breakfast session with individuals and…
Moody’s Upgrades Outlook on Nigerian Banks to Positive Nigerian banks’ earnings prospect is positive despite macroeconomic headwinds confronting Africa’s largest economy. Banks have seen a series of margin dilutive directives…
NGX Loses N1.8T as Investors Reduce Interest in Dangote, MTNN The equities market capitalisation of the Nigerian Exchange (NGX) lost more than N1.82 trillion due to a sell order executed…
Yuan Strengthens 7.1032 Against Dollar The central parity rate of the Chinese currency renminbi or the Yuan strengthened four pips to 7.1032 against the dollar on Monday, according to the…
Oil Prices Slide on Weak Demand Expectation The global oil prices dipped on Monday due to a weak demand outlook amidst US economic concerns. Brent price dipped by 0.65% to…