Category: Business

Oil prices rise on trade deal hopes, OPEC supply cuts

Oil prices rose on Monday, buoyed by output cuts by OPEC and reports that the United States and China are close to a deal to end a year-long tariff row. International...

Bella Disu, 65 others get Institute of Directors certification

Globacom’s Executive Vice Chairman, Mrs Bella Disu, and 65 other Directors have been certified by the Institute of Directors at the February 2019 New Members Induction...

Foreign trade volume hits N32.26trn in 2018 – NBS

The National Bureau of Statistics (NBS), said the country recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over...

Benue traditional ruler lauds First Bank @ 125

The Tor Sankera, Chief Abu King-Shuluwa, has lauded the management of First Bank Plc for effective service delivery in the nation’s  banking industry. Shuluwa stated...

Buhari’s re-election, good omen for NNPC Oil, Gas sector-Stakeholders

Stakeholders in the Nigerian oil and gas sector says the re-election of President Muhammadu Buhari is good omen for the oil and gas sector. Some of the stakeholders...

Naira appreciates against dollar at I&E window

The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded...

CBN says Nigeria records 57.1 PMI points as at February

The Central Bank of Nigeria (CBN), said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating an expansion in the...

CBN says Nigeria records 57.1 PMI points as at February

The Central Bank of Nigeria (CBN), said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating an expansion in the...

Nigeria bonds rise after Buhari Presidential election win

Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari, won a second term at the helm of Africa’s...

Pound

Dollar on defensive after Fed comments, as sterling advances

The dollar remained near a three-week low on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that the central bank would stay patient on monetary...