Why NSE recorded increase amidst COVID-19
abokimallamfx Analysts have attributed the recent increase in investment recorded on the floor of the Nigerian Stock Exchange to a lot of reasons, especially on the portfolio investors’ cash trapped in…
April 2020
NDDC Covid-19 PPE contract fraud denied
The Niger Delta Development Commission (NDDC) has denied awarding a contract of N5.55 billion for the procurement of Personal Protection Equipment (PPE) and other kits to fight the spread of…
Goldman Sachs foresees another oil price crash
While it may be tempting to argue that the worst is behind us for oil price given the historic collapse in WTI which crashed to negative $40 on Monday as…
CBN increases cargo imports exchange rate
There was unease in the seaports on Thursday following the recent increase of the exchange rate for import duty payment from N326 per dollar to N361. Punch correspondent gathered that…
Nigeria posts $434.85m crude oil export sales
Nigeria recorded crude oil and gas export sale of $434.85million in January, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC)…
Oilfield closures, job losses loom in Nigeria — Experts
The steep drop in crude oil prices have put most Nigerian oil companies at risk, with industry experts saying oilfield shutdowns and job losses are imminent. The global oil benchmark,…
CBN’s N50bn COVID-19 fund disbursement begins Thursday
Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday. The fund, which is…
Naira strengthens by 0.29% to N385.00/$ at Investors’ forex market
Activity picked up for the Naira on Tuesday at the Investors and Exporters (I&E) foreign exchange window, although trade volumes continue to remain dismal. The Naira appreciated by 0.29% to…