by Favour Owonibi | Apr 7, 2025 | Business/Finance, International, NEWS
Stock markets have plunged in Asia, as President Donald Trump’s tariffs continue to send shockwaves around the world Japan’s Nikkei 225 has dropped by 6.3%, Hong Kong’s Hang Seng is down 9.8% with Hong-Kong listed shares of UK banks HSBC and...
by Peace Araga | Apr 4, 2025 | Business/Finance, Economics, Local, NEWS
The Central Bank of Nigeria (CBN) has dismissed claims that it is introducing N5,000 and N10,000 banknotes, labeling a circulating document on the matter as “fake.” In a statement shared on its official X (formerly Twitter) handle, the CBN refuted the...
by Oni Kayode Philips | Mar 30, 2025 | Business/Finance, NEWS
The Naira has recorded significant gains against the dollar at the weekly parallel foreign exchange market The latest pump comes as data from Bureau De Change Operators showed that the Naira strengthened to N1,550 per dollar on Friday, from N1,570 recorded at the...
by Favour Owonibi | Mar 17, 2025 | Business/Finance, NEWS
The Federal Government has reiterated it’s resolve to improve investments in the oil and gas sector. The Minister of State for Petroleum Resources, Heineken Lokpobiri gave the assurance as he toured the TotalEnergies’ offshore fields of Ofon and Egina as part of...
by Peace Araga | Mar 14, 2025 | Business/Finance, NEWS
Renaissance Africa Energy has officially completed the acquisition of Shell Petroleum Development Company of Nigeria (SPDC), taking full ownership. This follows the signing of a sale and purchase agreement in January 2024 and the approval of all necessary regulatory...
by Favour Owonibi | Mar 12, 2025 | Business/Finance, NEWS
The House of Representatives has called for the immediate suspension of the Central Bank of Nigeria’s (CBN) increase in ATM withdrawal charges, and the discontinuation of free withdrawals for customers using other banks’ ATMs. The resolution followed a motion by...
