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Local News

NGX RegCo extends deadline for Neimeth free float compliance

NGX RegCo, the regulatory arm of the Nigerian Exchange Group, has approved the request of

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February 16, 2024 7:08 am
Market News

CBN asks banks to withhold IOCs export proceeds for 90 days

International Oil Companies (IOCs) have been barred by the Central Bank of Nigeria (CBN) from

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February 16, 2024 7:07 am
Market News

Nigeria’s food inflation soars to 35.41%

The National Bureau of Statistics (NBS) has released its report for January 2024, revealing that

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February 16, 2024 6:42 am
Market News

Electricity Subsidy Rises From N1.6trn To N2.9trn

The federal government now needs no less than N2.9 trillion to subsidise electricity consumption in

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February 15, 2024 7:19 am
Market News

Asian stocks rise, dollar eases as markets weigh US rate outlook

Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the

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February 15, 2024 7:05 am
Market News

Dollar flat as Fed officials weigh in; yen hanging on despite GDP surprise

The U.S. dollar traded in a tight range on Thursday, as market players tried to

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February 15, 2024 7:05 am
Market News

Nigeria, others float African Energy Bank with $5bn takeoff capital

The African Petroleum Producers Organisation (APPO) has floated the African Energy Bank with $5 billion

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February 15, 2024 6:58 am
Market News

FG to borrow N2.5tn via bonds – DMO

The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of

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February 15, 2024 6:46 am
Market News

Oil drifts down on sticky inflation, bigger-than-expected US crude stock build

Oil prices slipped in Asian trade on Wednesday after a U.S. industry group reported crude

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February 14, 2024 7:25 am
Market News

Stocks extend slide; dollar rides Treasury yields higher

Asian shares extended a global sell-off on Wednesday, while the dollar and Treasury yields jumped

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February 14, 2024 7:03 am
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