forex
28 Nov
Experts have attributed the decline in petroleum prices to foreign exchange (FX) volatility and international crude oil prices.They also noted that the newly opened Port Harcourt refinery would foster competition in the market, and bring about positive implications on the West African market.
29 Oct
The inactivity in the manufacturing sector, occasioned by the effect of rising inflation, high interest rates, forex
1 Oct
For any new trader, choosing a forex trading platform is essential to entering the market. There are several things a trader needs to look out for when selecting a trading platform. These features are what separate a good platform from a bad one. When choosing a forex trading platform, it’s essential to look out for…
27 Aug
You may have seen trading depicted in movies like The Wolf of Wallstreet, or you've gotten trading clips recommended for you on your social media platforms, which is all fantastic, albeit not one hundred percent or even fifty percent accurate. Taking up the art of trading in the financial markets, particularly in the Forex (foreign…
30 Jul
Amid the exchange rate crisis bedeviling Nigeria’s economy since the floating of the naira by the Federal Government, smart investment decisions made by the Governor Godwin Obaseki administration may see companies in Edo State smiling to the bank with potential high earnings from exports.
21 May
As oil production increased in Nigeria in the 1970s, Professor Aluko was still inclined to support the thought that the state can be an engi
25 Apr
Nigerians are some of the most active forex traders in Africa. Forex trading has been legal in the country for many years now and is governed by two bodies, the Securities
22 Apr
Financial analysts have stated that a stable foreign exchange regime would facilitate speedy return to profitability of Nigerian Breweries Plc and other multinationals that were hit by a gale of foreign exchange headwind in the 2023 financial year. This is coming as the company has announced strategic business recovery plans designed to return it…
17 Apr
Just last week, Nigeria’s local manufacturing sector was dealt a huge blow as one of the biggest brewers in the country, Nigerian Breweries, announced that it is suspending operations in two of its nine breweries.
23 Mar
The Supreme Council for Shari’ah in Nigeria (SCSN) has expressed concern over the present exchange rate of naira to dollar and the potential threat of the situation to Nigeria’s participation in this year’s Hajj in the Kingdom of Saudi Arabia.
20 Mar
The Central Bank of Nigeria (CBN) has lifted foreign exchange (forex) restrictions on the importation of milk and dairy products in the country. CBN announced the lifting of forex restrictions in a communique to all the commercial banks in Nigeria dated Tuesday, March 12, 2024, with the reference number TED/FEM/PUB/FPC/001/010. “Please be informed that the…
15 Mar
Small businesses and consumer goods firms are facing heavy disruption in their supply chain and operational costs due to inflation, currency risk, removal of fuel subsidies leading to a significant increase in energy costs, and scarcity of foreign exchange (FOREX).
Latest
2 mins ago
A Russian court slightly reduced prison sentences Wednesday on a playwright and a theatre director convicted of "justifying terrorism" in a play. Director Yevgeniya Berkovich and writer Svetlana Petriychuk were sentenced to six years in prison in July over a play about women marrying jihadists in Syria. The sentences were reduced to five…
8 mins ago
The suicide by a train driver on the job has caused widespread delays in France's rail traffic, operator SNCF said Wednesday. Some 3,000 train passengers have been affected by delays in services between Paris and southeastern France that started Tuesday and spilled over into Wednesday. Around 10 high-speed (TGV) trains were delayed by up to…
23 mins ago
Ukrainian President Volodymyr Zelensky on Wednesday denounced an "inhumane" attack from Russia, which launched over 170 missiles and drones on his war-torn country's power grid on Christmas Day, killing an energy worker. The country woke up at 5:30 am (0330 GMT) to an air raid alarm, shortly followed by air force reports that Russia had…
37 mins ago
NATO member Romania said Wednesday it had not detected any Russian missile passing through its airspace to target Ukraine as claimed by Kyiv. Ukraine said Russia had launched 170 drones and missiles targeting its energy grid in an "inhumane" Christmas Day attack. "The Romanian military authorities have been informed by the Ukrainian military authorities that,…
43 mins ago
The Speaker, Kwara House of Assembly, Yakubu Danladi-Salihu has enjoined Christian faithful to celebrate Christmas with love, kindness, and generosity in the spirit of the festive season. Danladi-Salihu stated this in a statement through his Chief Press Secretary, Sheu Abdulkadir on Wednesday, congratulating Christians on the occasion of the 2024 Christmas celebration. “Christmas is a…
48 mins ago
Pope Francis called Wednesday for "arms to be silenced" around the world in his Christmas address, appealing for peace in the Middle East, Ukraine and Sudan as he denounced the "extremely grave" humanitarian situation in Gaza. He used his traditional message to the world's 1.4 billion Catholics to call for talks for a just peace…
48 mins ago
Some passengers traveling from Badore Ferry Terminal in Ajah, Eti-Osa to Ikorodu area of Lagos State through the waterways, were stranded on Christmas day due to water hyacinths disrupting boat movements. The passengers spoke with the News Agency of Nigeria (NAN) in separate interviews at the jetty on Wednesday. A passenger, Mr Tunde Adaranijo, expressed…
53 mins ago
Japanese foreign minister Takeshi Iwaya raised "serious concerns" on Wednesday over China's military buildup as he met counterpart Wang Yi in Beijing, Tokyo said. On his first visit to China since becoming Japan's top diplomat earlier this year, Iwaya told Wang that Tokyo was "closely monitoring the Taiwan situation and recent military developments", according to…
53 mins ago
The National Chairman of the Labour Party, Mr Julius Abure, has charged Nigerians to use the Christmas period to love, forgive and pray for soldiers who are ensuring our safety. Abure in his Christmas message to Nigerians and party faithfuls in particular, urged them to always show compassion to millions of Nigerians living below poverty…
59 mins ago
The National Drug Law Enforcement Agency (NDLEA), Kano State Command, has arrested 34 suspects with different quantities of illicit substances in the state. ASN Sadiq Muhammad-Maigatari, the command’s spokesman disclosed this in a statement on Wednesday in Kano. Muhammad-Maigatari quoted the State Commander of the agency, Mr Abubakar Idris-Ahmad, as saying that the arrest was…