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The International Monetary Fund (IMF) says it will propose a $650 billion special drawing rights (SDR) to boost international reserves of its member countries.
FMDQ Securities Exchange Limited has disclosed that the federal government could leverage derivative product to hedge against crude oil price volatility, just as the global gross market value of Over the Counter, OTC derivative market hits $15.5 trillion in first half 2020, H1’20.
Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 per cent this year, after a contraction of 3.5 per cent in 2020, a United Nations (UN) report said on Wednesday. In the latest...
There are expectations that the Central Bank of Nigeria (CBN) will conduct a mop-up of liquidity as Open Market Operation (OMO) maturities of N50.0 billion and coupon payments of N52.8 billion hit the system this week.
The federal government said yesterday that with the renewed financial discipline within the nation’s power sector, following the recent intervention by the Central Bank of Nigeria (CBN), it expects collections of electricity tariffs to hit N100 billion in the short to medium term.
FMDQ Securities Exchange recently approved the listing of the Fidelity Bank Plc Series 1N41.21billion Fixed Rate Subordinated Unsecured Bond under its N100.00billion Bond Issuance Programme to its platform.
The Association of Bureau De Change Operators of Nigeria (ABCON) on Monday said that a competitive Diaspora Remittance market space would engender Naira stability.
FMDQ Securities Exchange Limited has through its Board Listings, Markets and Technology Committee, approved the Registration of the Fidson Healthcare Plc ₦10.00 billion Commercial Paper Programme on its platform.
The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
Foreign investors’ low patronage of the Nigerian stock market has been attributed to scarcity of foreign exchange (FX) as well as concerns about the coronavirus pandemic.
The price of oil has risen to $60 per barrel in the international market as Iraq and Kazakhstan commit to the Organisation of Petroleum Exporting Countries, OPEC oil cut deal.
The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
Nigerian Stock Exchange (NSE) has highlighted the capital raising opportunities in the stock market for Small and Medium Scale Enterprise, SMEs, in the country.
The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning of an emerging “Great Divergence” in global growth that could risk stability and trigger social unrest for years to come.
American Airlines says about 13,000 employees are at risk of furlough when a United States aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.
The Nigerian Economic Summit Group has predicted a growth rate of 2.9 per cent for the Nigerian economy in 2021, higher than the 1.5 per cent growth rate suggested by the International Monetary Fund.
A new visa scheme offering millions of Hong Kongers a pathway to British citizenship went live on Sunday as the city’s former colonial master opens its doors to those wanting to escape China’s crackdown on dissent.
Following the approval of the President, the Central Bank of Nigeria (CBN), has concluded plan to invest N50b to revamp the ailing Nigerian Commodity Exchange.
An economist, Ms Razia Khan, also Managing Director/Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.
The Ebonyi State government yesterday set up a panel of inquiry over the unauthorized release of 55 suspected warlords who were arrested in Effuim in Ohaukwu local government area of the state in the lingering communal clash between Effuim and Ezza Effuim communities.
This is contained in a statement signed in Gusau on Friday by the association’s state Chairman and Secretary, Dr Mannir Bature and Dr Remigius Nwachukwu.
The Nigeria Centre for Disease Control (NCDC) has recorded 67 new cases of COVID-19, bringing the total number of infections in the country to 164,147 with 154,304 recoveries.
The Kaduna State Commissioner for Internal Security and Home Affairs, Mr. Samuel Aruwan, said on Friday that the state government shared the pains of the abducted students of the Federal College of Forestry Mechanization, Afaka in Igabi Local Government Area of the state.
Peru’s Congress on Friday voted to ban former president Martin Vizcarra, implicated in a scandal over Covid-19 vaccinations, from holding public office for 10 years.
The Federal Capital Territory Administration (FCTA) has put in place an Input Support Initiative strategy aimed at increasing access to critical agricultural inputs to support all year farming in Abuja.
The Kano State Government has confirmed that the death of 10 people as a result of the consumption of substandard juice drinks in the state.
South Korean Prime Minister Chung Sye-kyun arrived in Iran on Sunday to help try to restore a 2015 nuclear deal between Iran and world powers and free up $7 billion in Iranian funds trapped in South Korea, Seoul officials said.
The minister of youth and sports development, Chief Sunday Dare, has charged the contractor handling the rehabilitation of the main bowl pitch and other component facilities of the Moshood Abiola National Stadium in Abuja to speed up the pace of work.
The National Universities Commission (NUC) has approved the establishment of a Postgraduate School and the commencement of 34 postgraduate programmes in Yusuf Maitama Sule University, Kano.