Month: November 2022

Oil Slumps amidst Slow Chinese Buying The global prices of crude oil remain tight amidst slow Chinese buying as citizens began to revolt against the authority’s covid -19 policy. In…

Investors Suffer N62bn Loss in Stock Market Equities investors in the Nigerian stock market lose about N62 billion on Tuesday as the local bourse tracks lower following selloffs in small…

Nigeria’s Rakes in $4.99bn from Exports Following an effort to diversify the local economy away from predominantly hydrocarbon revenue, Nigeria’s raked in about $5 billion in nine months from non-crude…

Fitch Affirms Sterling Bank at ‘B-‘; Withdraws Ratings Fitch Ratings has affirmed Sterling Bank Plc.’s ratings, including the lender’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook…

Japanese-Backed Crypto Exchange Bitfront Shuts Down Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and…

UK, Nigeria Trade Volume Hits £5.5 Billion The United Kingdom (UK) and Nigeria said the trade volume between the two countries stood at 5.5 billion pounds, according to a joint…

Nigeria Launches Trade Information Portal The Federal Ministry of Industry, Trade and Investment on Monday in Abuja inaugurated the Nigeria Trade Information Portal (NTIP) in fulfilment of the World Trade…

China Unrest Spooks Markets, Investors Brace for Rebound Global stock markets are spooked as protests erupt across China against President Xi Jinping’s zero-Covid policy, but investors should position themselves now…

Naira Appreciates as Dollar Inflows Improve, FX Gap Collapses The Nigerian naira appreciates on Monday as healthy growth in foreign exchange (FX) inflows douse perennial demand pressure for foreign currencies…