28 C
Lagos, South Africa and New York
Saturday, January 16, 2021

Global banks generate record $125bn fee haul in 2020

Capital markets businesses boosted by frenzy of share and debt sales during pandemic

NIgeria Port Authority crisis worsens as importers shift cargoes to neighboring ports over $4,000 charge

As Lome cargo destined for Nigeria is increasingly offloaded at smaller accessible ports in Togo, Ghana, Ivory Coast, Cameroon and Congo-Brazzaville. The congestion at the port in Lagos has become so bad that it can cost more than $4,000 to truck a container 20km to...

GDP: IMF ranks Nigeria 1st in Africa, 26th in the world

By Ismail Abdulaziz Abuja, Dec. 28, 2020 Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in the...

Consumers Expect Improved Economic Outlook in Q1 2021

Freshly released Q4 2020 consumer expectations survey report by the Central Bank of Nigeria (CBN) showed that consumer confidence in the quarter was negative as the overall index stood at -14.8points; albeit it improved from...

Local Investors Lose N2bn amid Selloffs in Lafarge Africa, 7 Others

About N2 billion was lost by investors on the floor of the Nigerian Stock Exchange (NSE) on Thursday ahead of the two-day Christmas holiday declared by the federal government, Naija247news reports The market will be shut on Friday and Monday to celebrate Christmas and Boxing...

Naira Gains N10 against Green Back at Black Market, Trades N465/$1

Nigeria’s currency Naira waxed stronger against the United States Dollar as it gained N10 at the black market on Thursday, December 24 to trade at N465/$1 compared with N475/$1 it was exchanged at the preceding session. It was also the same pattern for the Naira...

Gbagyi female yam farmers and traders call for financial support

By Veronica Dariya, Asabe Awoyi, also called ‘Maman Maryam’ is a 47-year- old yam trader, who hawks yams in a small pan with only 10 pieces of tubers in it per time. Awoyi, who resides in Sabon-gari area of Bwari Area Council of the FCT...

Re-examining Metallon’s interest in Lekoil

A South African based mining firm with an unimpressive track record has perfected plans to take over an oil company operating in Nigeria. Stakeholders believe that it will replicate its poor performance in Nigeria if left unchallenged. Four weeks ago, Metallon Corporation Limited, a South...

Bull rules in Nigerian Bourse as Dangote Cement, UBA, Zenith Bank sustain NSE rally by N235bn

Lagos, Dec. 22, 2020 (NAN) Nigeria’s bourse on Tuesday recorded its seventh consecutive gain, appreciating further by N235 billion following buying interests in Dangote Cement, United Bank of Africa and Zenith Bank stocks. Specifically, the market capitalisation rose by N235 billion or 1.20 per cent...

JUST IN: Nigeria Senate Passes 2021 Budget valued at N13.588 trillion

The National Assembly has passed the 2021 Budget raising the proposed estimate of N13.082 trillion to N13.588 trillion. President Muhammadu Buhari had submitted a N13.082 trillion budget to a joint session of the National Assembly on October 8th, 2020. The 2021 budget, christened the budget of...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com