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After pumping $768m into market, CBN promises more

    After pumping $768m into market, CBN promises more

After pumping a total of $768 million into the forex market in one week, the Central Bank Nigeria (CBN) has promised to continue making foreign exchange supply available in the

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Fidelity Bank posts N152bn gross earnings in 2016

    Fidelity Bank posts N152bn gross earnings in 2016

Fidelity Bank has announced gross earnings of N152 billion for the 2016 financial year. According to a statement issued by the bank on Sunday in Lagos, the gross earnings represented

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MRS Oil inaugurates Africa’s largest oil jetty

    MRS Oil inaugurates Africa’s largest oil jetty

MRS Oil Nigeria Plc on Saturday inaugurated Dantata Jetty, a terminal, which has the capacity to berth vessels of 80,000 – 120,000 metric tonnes capacity, at the Tin Can Island

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Despite surge in forex reserves, naira closes week at 405/$1

    Despite surge in forex reserves, naira closes week at 405/$1

The Nigerian naira closed trading for the first week in April 2017 at 405 to the greenback at the parallel market, despite surge in foreign exchange reserves. On Monday,  the

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Dollar volatility rekindled by mixed jobs report

    Dollar volatility rekindled by mixed jobs report

The Greenback was explosively volatile during trading on Friday after March’s mixed job report prompted investors to offload and reload

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3A Auctions House to sell cars, art work on Saturday

    3A Auctions House to sell cars, art work on Saturday

3A Auction House Limited, a general auction house, will auction different assets including cars, art works and property on Saturday,

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Caution prevails ahead of Trump-Xi summit

    Caution prevails ahead of Trump-Xi summit

Global stocks were vulnerable to sharp losses during late trading on Wednesday after investors were caught unprepared by the hawkish

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Oil price jumps to $56 after US missiles hit Syria

    Oil price jumps to $56 after US missiles hit Syria

Oil price went to a one-month high on Friday after the United States attacked a Syrian government airbase, killing six

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CBN pumps $100m into FX market as reserves rise again

    CBN pumps $100m into FX market as reserves rise again

The Central Bank of Nigeria (CBN) offered the sum of $100 million to authorized dealers at the forex auction in

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Appetite to risk evaporated as Fed signalled double tightening whammy

    Appetite to risk evaporated as Fed signalled double tightening whammy

Equities across Asia fell on Thursday following Wall Street’s biggest one-day reversal in 14 months after the Fed minutes indicated

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