Middle East Unrest, Russian Export Surge Drive Oil Prices Skyward, Market On High Alert
The recent surge in oil prices has sent shockwaves through the global market, with tensions in the Middle East and […]
Business
President Tinubu Signs Electricity Act Amendment Bill Into Law
In a move hailed as a victory for community empowerment and sustainable development, President Bola Tinubu has put pen to
Nigerian FX Market Witnesses 56% Plunge in Transactions Amidst Rising Dollar Demand
The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw a dramatic 56% decline in transaction value, plunging from $465.29 million on
Nigerian Equity Market Continues Bearish Run As Investors Lose N481bn
Nigeria’s equity market faced a daunting setback as investors lost N481 billion in a single trading day, largely attributed to
NNPCL Approves Creation Of New Department For Oil Revenue Transactions
In a move, the Nigerian National Petroleum Company Limited (NNPCL) announced the establishment of a new department in collaboration with
World Bank Warns Of Looming Food Crisis In Borno, Kaduna, Zamfara, Others.
In a revelation, the World Bank has pointed out the looming threat of severe food crises in seven states spanning
Nigerian Govt Approval Delays Dangote Refinery Fuel- Report
The much-anticipated release of aviation fuel (Jet A1) and diesel from the Dangote Petrochemical Refinery has hit a snag, with
US Unveils Plan To Tap Into Africa’s Mineral Wealth For Clean Energy
In a move towards bolstering its energy transition agenda, the United States has announced its intention to invest in Africa’s
NGX: Subdued Trading Activity Leads To Depreciation As Market Cap Declines To N55.87trn
Investors on the Nigerian Exchange experienced a tepid trading session on Wednesday, resulting in a marginal decline in market capitalization
Fed Hawkish Tone Propels US Dollar Amidst Rate Cut Speculations
In a dynamic market landscape, the US Dollar Index (DXY) held its ground at 104.15 on Wednesday, as investors digested