Latest News
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669Leadership & ManagementCBN Engages Private Sector to Boost Foreign Direct Investment
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, hosted a roundtable forum with private sector executives across various industries,...
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326Stock MarketEquities Market Sustains Bearish Run
EQUITIES Bearish sentiments intensified in the Nigerian equities market in today’s session following sell pressures on MTNN (-10.0%). As a result, the...
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798Banking & FinanceCentral Bank sells $10,000 to Bureau De Change at ₦1,021/$
The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) operator nationwide. This...
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355Foreign NewsOil Prices Inch Up as Market Weighs US Stocks Decline
Oil prices were slightly higher on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive...
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528Banking & Financee-Payment Transactions Surge by 89.3% to ₦234tr in Q1 2024
Electronic payment (e-Payment) transactions in Nigeria witnessed a remarkable surge in the first quarter (Q1) of 2024, hitting a total of N234...
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225Industry & MoneyNigeria Eyes $10b Investment in Oil and Gas
An initiative to incentivise investors in the oil and gas segment of the nation’s economy aimed at attracting $10billion investment, was yesterday...
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573Money MarketBears Resurface as All-Share Index Reverses Gains
EQUITIES The domestic stock market reversed yesterday’s gains as profit-taking activities in FBNH (-9.9%), NESTLE (-9.0%) and ZENITHBANK (-5.0%) undermined market performance....
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764Telecoms & ITArtificial Intelligence will not Replace Site Selectors, for now
Artificial intelligence (AI) is already having an impact on corporate decision-making. Tech companies, for example, have sacked more than 50,000 people so...
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294Business NewsNet Forex inflow rises 7.3% to $33.9b
The net foreign exchange (Forex) inflow into the economy increased by 7.3 per cent, year-on-year (YoY) to $33.9 billion in 2023 from...
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1.3KOpinionEnough Pain for Bank Stocks?
Since the Central Bank of Nigeria published its circular on bank recapitalisation on 28 March, the NGX Exchange’s bank index has fallen...
