Business
Trade Ministry to support SMEs as more than 700 benefit from P&G, BoI Academy
By Moses Nosike The Federal Ministry of Industry, Trade and Investment (FMITI) said it is committed to providing Small Medium Enterprises (SMEs) the required support and trainings as over 700
NSE moves 307.79m shares valued N2.91bn in bearish trend
The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals. This was in contrast with 426.27 million shares worth N4.75 billion
Stakeholders speak on CBN’s N50bn commodity exchange, mop-up of produce
Godwin Emefiele, CBN Governor. By Gabriel Ewepu The Central Bank of Nigeria, CBN, recently got an approval from the Federal Government to inject N50 billion into the commodity exchange to
NSE moves 307.79m shares valued N2.91bn in bearish trend
The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals. This was in contrast with 426.27 million shares worth N4.75 billion
Shareholders sue FG over plan to borrow N158bn unclaimed dividends
By Nkiruka Nnorom Aggrieved by the plan by the Federal Government to borrow the over N158 billion outstanding unclaimed dividends, shareholders have sued the government at Federal High Court of
Bitcoin goldrush sparks fears of speculative bubble
Bitcoin has enjoyed a record-breaking week after electric carmaker Tesla and Wall Street finance giants sparked a goldrush for the world’s most popular virtual currency, but bubble fears persist. The
Sterling soars close to 3-year high above $1.40
The British pound soared above $1.40 on Friday for the first time in almost three years, propelled by a vaccination drive that has boosted economic recovery hopes. The post Sterling
Bitcoin is ‘Economic Side Show’ and Poor Hedge against Stocks, JP Morgan Says
Bitcoin is an “economic side show” and a poor hedge against a decline in equity prices, analysts at JP Morgan said in a sobering assessment that could undercut the cryptocurrency’s
Analysts React as Nigeria Unexpectedly Exits Recession
Analysts on Thursday called on the federal government to implement the 2021 budget to boost infrastructural development, ensure policy consistency and proper management of the Covid-19 pandemic in order to
Nigeria’s economy rebounds with 0.11% GDP growth in Q4’20
By Yinka Kolawole & Elizabeth Adegbesan Nigeria’s economy re-bounded in the fourth quarter of last year (Q4’20) as the nation’s Gross Domestic Product (GDP) grew year-on-year (y/y) by 0.11 percent,
