CBN injects $210million in foreign exchange market
The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting…
Forte Oil reports N61.8 billion revenue in first half 2018
Forte Oil has announced a revenue of N61.8 billion for the half year ended June 30, 2018. Mr Akin Akinfemiwa, the company’s Chief Executive, said the revenue represented a growth…
Nigeria, ASEAN trade volume grosses $7.7bn
The Malaysia High Commissioner-designate to Nigerian, Gloria Tiwet, has said that volume of trade between Association of Southeast Asian Nations (ASEAN) and Nigeria in 2017 amounted to 7.7 billion dollars…
NCC to license telecoms operators to host lotteries on networks
The Nigerian Communications Commission (NCC) says it will soon license telecom companies to host lotteries on their networks Prof. Umar Danbatta, Executive Vice Chairman of NCC, said this during the…
China to charge tariff on $60bn US goods in retaliation
China on Friday announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat. The Finance…
NSE: Market indices drop by 0.52% on low 6 months earnings
The market indices of the Nigerian Stock Exchange (NSE) lost 0.52 per cent on Friday due to low earnings declared by some quoted companies for six months ended June 30…
Apple’s $1 trillion value raises global concern
Apple Inc. became the first U.S.-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage and later…
Notore Chemical lifts NSE market capitalisation by N128bn
The market capitalisation of the Nigerian Stock Exchange (NSE) appreciated on Thursday by N128 billion following the listing of Notore Chemical Industries Plc shares. The News Agency of Nigeria (NAN)…
OPEC oil output reaches 2018 peak from Gulf nations’ supply
OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a…
Nigeria exporters lose $10bn annually to Apapa gridlock
Mr Tola Faseru, National President, Cashew Farmers Association of Nigeria, says that exporters of agricultural produce and other goods are losing about 10 billion dollars annually to the Apapa gridlock…