Category: Business
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...
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...
Asia shares rise, dollar near 3-week low after Fed comments
Asian shares edged towards a five-month high on Wednesday and the dollar hovered near a three-week low after Federal Reserve Chairman Jerome Powell reiterated the...
Glo throws weight behind 2019 Africa CEO Forum
Globacom, has re-affirmed its support for the economic growth and development of Africa as it throws its weight behind the annual Africa CEO Forum holding in Rwanda next...
Presidential result: NSE capitalisation loses N85bn in six hours
The market capitalisation of listed equities on Tuesday shed N85bn in six hours of trading to what traders attributed to profit-taking as a result of the presidential...
Shoprite’s half-year profit drop in more than a decade
Shoprite Holdings, Africa’s largest supermarket group, says its first half-year earnings declined due to currency devaluation in Angola and supply constraints in its...
Oil eases after Trump urges OPEC to curb efforts to boost prices
Oil inched lower on Tuesday to extend losses of more than three per cent from the previous session, easing after U.S. President Donald Trump called on OPEC to rein in...
Oil price tumbles after Trump tells OPEC to ‘relax’
Oil prices fell by more than two per cent on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to “relax” as prices were too...
‘Predictions on naira devaluation speculative, sabotage’
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), on Monday in Lagos described prediction that the naira would fall to N415...
