The Central Bank of Nigeria (CBN) has said the country’s foreign reserves appreciated by $636.61million in its week-on-week (WoW) performance to close at $41.75billion. Analysts have said the accretion in the foreign exchange buffer continued week following the inflows from…
Bank customers displayed massive interest in the Central Bank of Nigeria’s (CBN) eNaira initiative downloading over 100,000 wallets in seven days. President Muhammadu Buhari had launched the eNaira on Monday the 25th of October 2021, making Nigeria the first African…
The President of the Nigerian Association of Petroleum Explorationists (NAPE), Mrs. Patricia Ochogbu has implored oil exploration and production companies to brace up for the opportunities and challenges in the new era created by the birth of Petroleum Industry Act in the…
Nigeria’s oil major, subsidiary, Shell Production Development Company, (SPDC), has declared force majeure on Bonny Light crude oil loadings beginning from Monday, after the shutdown of a key pipeline. “SPDC has declared a Force Majeure on the Bonny Oil and…
Engr. Simbi Kesiye Wabote, executive secretary, Nigerian Content Development and Monitoring Board, NCDMD, will deliver the Ninth Anniversary Lecture of Realnews Magazine on Thursday, November 18, at the Sheraton Hotel, Lagos, by 10 am prompt. “Nigeria in the Unfolding Integration of the African Market:…
Crude oil futures inched higher on Friday as bearish pressures from US inventory builds and the resumption of Iranian nuclear talks ran up against the ongoing narrative of a severe oil market deficit. December Brent futures contract was up 21…
By Seun Ibiyemi In a bid to curb poor market conduct, the Securities and Exchange Commission (SEC) has resolved to intensify monitoring and surveillance of the market and has vowed to apply stiff sanctions to any operator who engages in…
By Seun Ibiyemi Equities market of the Nigerian Exchange (NGX) Limited appreciated by N982 billion in October 2021 as listed companies submitted nine months result and accounts to the bourse. The month of October, which is the earnings reporting season,…
By Seun Ibiyemi Wema Bank Plc has announced profit before Tax (PBT) of N7.2billion, an increase of 135.8 per cent in nine months ended September 30, 2021 as against N3.1billion reported in nine months ended September 30, 2020. The lender…
Africa’s largest cement producer, Dangote Cement Plc has announced improvements in performance measurement indices for the nine months ended 30th September 2021. This is as even the Group sales hit 22.2million tonnes. Sales volume in Nigeria remained strong and accounted…
