Category: Business

CBN Boosts Forex Market with $210m

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) in a bid to stabilise foreign exchange with the local currency on Wednesday, released $210million into the...

Sub-Sahara Africa: Top 3 Stock Markets End in Negative Note

Experts have said that it is not a good omen as three leading stock markets in sub-Saharan Africa all ended their transactions   in negative territory year-to-date...

NIMASA, CBN to Offer Special Funds for Maritime Sector

• From AKPAN ETTEH in Calabar• The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Central Bank of Nigeria (CBN) are collaborating on modalities...

World Bank Appoints New Vice President for Africa

The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1. A development expert with over 30 years of experience,...

NNPC, Joint Venture Partners Endorse 40 Tcf Gas Deal

Federal government and her traditional partners in oil and gas exploration and production joint venture (JV) have reached agreement to develop some 40 trillion cubic...

Urban Demand Surge to Spur Oil Spike Above $150/b

Demand surge expected by rapid urbanisation in Asia and the inverse reserves depletion associated with low exploration budgets across the globe mean that acute supply...

Heritage Bank to Boost SMEs Growth via ‘The Next Titan Season-5’

Heritage Bank Plc has strategies to boost the capacity development of small medium enterprises as the headline sponsor of the annual entrepreneurial reality show, The...

Gains in Dangote Cement Bolster Market Performance by N8bn

The domestic bourse started the week on a bullish note as the All Share Index advanced 0.1 percent to 37,651.89 points while year to date loss moderated to 1.5 percent....

Fuel Tanker Disaster: NNPC Appraises Haulage Fleet Worthiness

BY NNAMDI OLEHI Nigeria National Petroleum Corporation (NNPC) has commenced the road worthiness audit of fuel haulage tankers deployed in its retail business, debunking...

Equities Market Reverses Gain as Bearish Trend Perseveres

The equities market for the week ended Friday July 6, 2018 on a negative note as the bears reversed gains recorded in the previous week by 1.71 percent to close at...