The naira showed strength at the official market, quoting N1,560.75/$, and this development has been attributed to the many reforms of the Central Bank of Nigeria (CBN).At the close of trading at the ...
Local stocks at the Nigerian Stock Exchange started the week negatively after equities in Dangote Sugar Refinery Plc and 29 others dropped N239 billion in market capitalisation.The NGX All-Share Index...
Neiman Marcus Group is a Dallas-based department-store chain that was acquired by Ares Management LLC (ARES) and the Canada Pension Plan Investment Board in 2013.It was reported by Reuters on Sunday t...
The recently released stats on the Nigerian Stock Exchange have revealed that there has been a positive progression due to the economic reforms implemented by the Bola Tinubu administration. Because o...
The airline industry is one of the most hit industries in the coronavirus pandemic. As a result of the pandemic and lockdowns spread across the world, many airline companies had to forcefully shut dow...
It was reported on Sunday that the country's local currency (naira) increased against the US dollar, breaking through key resistance levels to trade below N1,000 in certain black market segments.This ...
The management of the United Bank for Africa (UBA) has revealed that, with an excess of N2 trillion in shareholder funds, it intends to raise additional capital when the time comes, in compliance with...
The oil market took a different turn on Monday after it fell it to its worst day on record. Since the coronavirus pandemic started, as feared, the demand for crude oil was certainly going to drop. But...
The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...
Just recently, Changpeng Zhao, the founder of Binance, which is reported to be the largest cryptocurrency exchange in the world, was sentenced to four months in prison on allegations of money launderi...