Nigeria stock market trails Argentina as world’s second best in 2024
Positive records seen this year at the Nigerian equities market have pushed it up by 11.6 percent, making it world’s second best in 2024, after Argentina. With only one session…
Top 10 worst currencies in the world – bottom being world’s biggest oil exporter
In the complex world of global finance, some currencies struggle to maintain their value against major counterparts. Despite being home to significant exporters, the following currencies find themselves at the…
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Dangote Refinery Receives Fourth One Million Barrels of Crude; Fifth, on the way
Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million barrels of bonny light…
Reps Seek To Adopt Chinese Yuan As Official Foreign Exchange Currency
The House of Representatives is seeking to fastrack the adoption of the Chinese Yuan (CNY) as an official foreign exchange reserve currency alongside other major international currencies to mitigate the…
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Spain emerges as Nigeria’s top export destination, China maintains top position for imports
Spain has emerged as the country’s top export destination, accounting for a remarkable 12.31 per cent of total exports, valued at N1.27 trillion. This was followed by India with N1.02…
Saudi Arabia to invest in Nigeria’s refineries, support CBN
The Government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain President Bola Tinubu’s government on its foreign…
MTN planning to leave three African markets
MTN Group wants to exit Afghanistan by the end of next month, a move that’s been coming for some time, with Guinea-Bissau, Guinea-Conakry and Liberia likely next in line to…
Nigeria Approves Partnership with German Firm to Unlock $700 Billion Solid Minerals
Nigeria’s Federal Executive Council (FEC) has given its nod to a partnership with Germany’s GeoScan GmbH. The collaboration aims to explore and exploit an estimated $700 billion worth of solid…
FX scarcity: Local inputs sourcing hits 3-yr high
The lingering scarcity of foreign exchange, FX, in Nigeria surged local sourcing of raw materials, to the highest in three years for the first half of 2023, according to the…
I’ll break all bottlenecks, investors will make profit in Nigeria- President Tinubu
President Bola Tinubu has said that Nigeria under his watch will become one of the “most conducive places on earth” for foreign investments. According to a statement issued by Ajuri…