The board of African Development Bank (AfDB) has succumbed to pressure from the United States Government by go for an…
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Nigeria’s external reserves increase by 7% as the country received $5.85 billion capital inflows in Q1 2020 –NBS
Despite the volatility of the foreign exchange market due to decline in crude oil export earnings, Nigeria external reserves has…
IMF advises Banks To Suspend shareholders Dividend Payments To Mitigate Risks
The International Monetary Fund,Managing Director, Kristalina Georgieva has advised commercial banks to retain their earnings by suspending payment of shareholders’…
Nigeria Foreign direct investment dropped to $214.25m in Q1 – NBS
Nigeria Foreign direct investment dropped to $214.25m in Q1 – in the first quarter of 2020 from $257.25m in the…
Nigeria:over 102.4m living in extreme poverty, remain as world’s poverty capital
The World Poverty Clock, a web tool based on World Data Lab’s global poverty model has revealed that total number…
Dollar drops against major world currencies due to Covid-19
The U.S dollar against a basket of other major currencies was down 0.67% to 99.22 on Tuesday, after global investors…
South Africa’s rand climbs to 8 week high against US dollar
South Africa’s rand ZAR=D3 traded at 17.4700 per dollar, 0.91% firmer than its previous close. This has led to optimism…
Nigeria IGR 2019:Lagos generates more Revenue than 26 states combined-NBS
Nigeria Internal Generated Revenue IGR of the 36 states and the FCT in 2019 has been revealed to be N1.33tn…
Nigeria inflation rose for 8th straight month on higher food prices
National Bureau of Statistics (NBS) announced on Thursday, May 21, 2020 that Nigeria’s inflation rose for the eight consecutive month.…
Nigerian stock market: BUA, Zenith, GTbank Dangote, Mobil remained on the green territory
The Nigerian Stock Exchange NSE All-Share Index gained 1.25 percent from 24,452.23 on Wednesday to settle at 24,758.39 basis points…
COVID-19: Nigeria is heading towards recession, Inflation increase To 12.34%
As Covid-19 pandemic continue to push hard across the globe, Nigeria is not left out.The country Consumer Price Index, which…
Facebook Shares increase as much as 6.4%, After Zuckerberg Announces FacebookShops
The social media giant announced Facebook Shops on Tuesday, which will make listing products to Facebook and Instagram easier. On…
O3 Capital donates prepaid cards to Lagos State Coronavirus Response Team
O3 Capital Nigeria Ltd has donated prepaid cards to Lagos state COVID-19 response team in appreciation of their dedication and…
Naira sell for N456 to $1 at parallel market
As Nigeria’s foreign reserves fell to $34.9 billion at the end of the Q1, 2020 against $38.07 billion at the…
Zenith General Insurance’s Profit Before Tax Rises by 16% to N3.67bn
Zenith General Insurance’s gross premium grew by 17% year-on-year from N13.7bn to N16.1bn, as profit before tax rising by 16%…
Coronavirus: Japan’s economy slips into recession
As Coronavirus continue to hit global economy, Japan is not left out.The country drop in gross domestic product followed a…
Facebook’s shares up by 1.2% after adding GIF company Giphy to its portfolio
Tech giant Facebook has reach out a deal with New York-based Giphy — whose trove of looping clips of cute…
Covid-19 lockdown pushes Germany into recession
Covid-19 lockdown measures has push Germany economy into recession as the country’s economy shrank by 2.2% in the first three…
Naira crashes to N455 for $1 dollar in Black market of Friday
Naira crashes to N454 for 1 dollar in black market on Friday as demand for Dollar increase by investors. The…
Instead of reviewing 2020 budget,Sell presidential jets, cancel N27bn National Assembly renovation fund –Atiku
Former Vice-President, Atiku Abubakar,has advised the Federal Government to sell eight or nine of the presidential jets and cancel the…