Local Stock Market Rebounds By 0.04%
The Nigerian Exchange (NGX) Limited closed on positive territory on Wednesday as investors raked in N8.65 billion, OduNews reports.
OPEC Fund, AfDB Sign MoU To Promote Africa’s Development
The Organisation of Petroleum Exporting Countries (OPEC) Fund for international development and the African Development Bank have signed a memorandum...
Bears Control Crypto Market As FTX-Binance Turmoil Frightens Investors
The crypto currency market witnessed a massive crash on Wednesday at the back of a public feud between the CEOs of Binanace anf FTX.
Unlisted Stock Market Sheds N3.81bn
The NASD Over-the-Counter Securities Exchange plunged by N3.81 billion on Tuesday as the market value dropped to N942.76 billion.
Elon Musk Sells Almost $4bn Of Tesla Shares
World's richest man Elon Musk has sold about $4 billion of his shares in Tesla, filings with the US financial watchdog has shown.
Buhari Hails First Bank For 40 Years Of Cross-Border Banking In UK
President Muhammadu Buhari has hailed the Board, Management, and Staff of First Bank Nigeria (FBN) for cross-border services in the United Kingdom for 40 years.
AfDB Attracts $63.8bn In Investments In 2022
The African Development Bank has attached $63.8 billion in investments from African and global investors in 2022, OduNews reports.
Bears Tighten Grip On Customs Street As Investors Lose N440bn
The Nigerian Exchange (NGX) Limited witnessed a heavy sell-off on Tuesday which led to investors losing N440 billion by the close of trading activities.
Naira Redesign: Access Bank Provides Alternative Channels For Cash Deposit
Following the Central Bank of Nigeria's imminent launching of a redesigned naira note, Access Bank has provided alternative channels for cash deposits.
Naira Exchnage Rate Widens Across FX Markets
The exchange rate between the naira and the dollar between the parallel and official markets has widened to over N500, OduNews reports.
Unlisted Stock Market Closes Flat Amid Increase In Transactions
The NASD Over-the-Counter Securities Exchange closed flat at the end of trading activities on Thursday as prices of stocks remain unchanged.
Customs Street Shrinks By N25bn
The Nigerian Exchange ((NGX) Limited closed in the negative territory on Thursday as losses in 25 stocks pulled the market down by 0.10%.
Forex Crisis Worsens As Naira Hits N880/$ At Black Market
The free-fall of the naira against the dollar took a new turn on Thursday as it traded for N880 per dollar at the black market.
Bank Of England Raises Interest Rate To 33 Years High
The Bank of England has raised the UK's interest rate to 3%, the highest it has been pegged in the past 33 years.
Union Bank Secures $25m Agric Funding
Union bank says has secured $25 million in funding from the African Agricultural Trade Investment Fund (AATIF) to expand its agricultural business footprint.
Investors Gain N293bn As Dangote Cement Lifts Equities Market By 1.23%
The Nigerian Exchange (NGX) Limited closed bullish on Wednesday on the back of gains in the shares of Dangote Cement, OduNews reports.
eNaira Platform Records 700,000 Transactions Worth N8bn
The Central Bank of Nigeria says its digital platform, eNaira, has recoded 700,000 transactions worth N8 billion since it was launched a year ago.
$12trn Investment Needed To Meet Global Oil Requirement – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says $12.1 trillion is needed in investment to meet global oil demand.
Equities Market Closes Bearish As Investors Lose N50.84bn
Investors at the Nigeria Exchange (NGX) Limited recorded a N50.84 billion loss on Tuesday, OduNews reports.
EFCC Raids BDC Operators As Naira Crashes To N857/$ At Parallel Market
EFCC arrested some Bureau de Change operators in Abuja and Kano states as the naira crashed to N857 per dollar at the parallel market.