Category Archives: Money
Euro zone bond yields inch up as fed tempers big rate cut bets
Germany’s 10-year bond yield nudged off record lows on Wednesday, after comments from U.S. Federal Reserve officials tempered the most aggressive U.S. rate cut bets.
Pound heads back towards 5-Month lows on no-deal brexit fears
Sterling edged back towards five-month lows on Wednesday after the top contender to replace Prime Minister Theresa May reaffirmed his desire to take Britain out
Dangote cement to open export facilities
As part of moves to boost foreign exchange and capacity production, Dangote Cement will open export facilities in Lagos and Port Harcourt this year. The
Stock market index plunges further by 0.02% amid persistent lull
Continuous price depreciation in the shares of most blue chip companies, yesterday, dragged the Nigerian Stock Exchange (NSE) All Share Index (ASI) by 0.02 per
Interest rate cut and implications for the economy
The Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN) met on the 25th and 26th March 2019, against the backup of developments
Customs duty exchange rate increases to N326/$
The exchange rate for Customs duty has increased from N306 per dollar to N326/$, our correspondent has gathered. The rate was reportedly introduced at the
Gold forum to seek enabling market policy
Come June 25-26, the first-ever West Africa gold conference hosted by Nigeria’s first gold refinery, Kian Smith Gold Refinery, in collaboration with Noemdek, a Nigeria-based
Facebook to unveil white paper on cryptocurrency next week
Facebook will by next week, June 18, publish a white paper on its cryptocurrency token which is likely to be dubbed Libra Coin likely to
Adeosun’s input to Nigeria’s economy can’t be ignored – Experts
Former Minister of Finance, Mrs. Kemi Adeosun has been commended for spearheading some of the critical reforms, which have sanitised the fiscal space, reduced corruption
How absence of SEC’s governing board undermines investors confidence
The Investment & Securities Act (ISA 2007) specifically provides for the establishment of a board for the Securities & Exchange Commission (SEC) and outlines its
Unseen hands behind Nigeria’s seamless airspace
As President Muhammadu Buhari begins his second term, he has been looking back at the last four years. Predictably, he has been speaking about his
Sigma pensions promises retirees improved services
Sigma Pensions has reassured retirees of better service and prompt payment of their pensions. The Head, Relationship Management, Business Development Division, East Sigma Pension, Mrs.
Naira Exchange Rates