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BRICS leaders denounce protectionism, tariff 'blackmail'
Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump. In July, Trump lashed out at the BRICS and threatened its members with additional tariffs after they voiced concern that his trade war was putting the global economy at
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At 29.31%, Maximum Lending Rate Drops One-Year Low Amid Stable Monetary Fee
As the Monetary Committee Members (MPC) of the Central Bank of Nigeria (CBN) retained interest rate at 27.50 per cent, the average maximum lending rate in Nigeria’s banking sector droppedThe post At 29.31%, Maximum Lending Rate Drops One-Year Low Amid Stable Monetary Fee appeared first on
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Nigeria’s FX Market Records $2.80bn Inflow Amid Strong Domestic Support
Nume Ekeghe Total inflows into the Nigerian Foreign Exchange Market (NFEM) stood at $2.80 billion in August, according to data from FMDQ, underscoring the continuing resilience of local participation evenThe post Nigeria’s FX Market Records $2.80bn Inflow Amid Strong Domestic Support appeared first on
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Profit taking persists as investors lose N833bn in 4 days
By Peter Egwuatu   Profit-taking activities persisted on the Nigerian Exchange Limited, NGX as the equities market for the fourth consecutive week sustained losses with the major performance indicator, NGX All-Share Index, ASI declining Week on Week, WoW by 0.9%. The Index closed lower in three of the four trading sessions of the week under review. Similarly, […]The post Profit taking persists as investors lose N833bn in 4 days appeared first on Vanguard
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EDITORIAL
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Halliburton Reduces Workforce as Oil Activity...
Emmanuel Addeh in Abuja  U.S. oilfield services provider, Halliburton, has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction inThe post Halliburton Reduces Workforce as Oil Activity Slumps appeared first on
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LPG Prices Ease, Kerosene Soars Beyond Reach ...
Emmanuel Addeh in Abuja  The average prices of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, eased marginally in July this year, while the amount which Nigerians buy kerosene,The post LPG Prices Ease, Kerosene Soars Beyond Reach of Nigerians appeared first on
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NBA Sues Police Over Tinted Glass Permit Poli...
The Nigerian Bar Association (NBA) has filed a lawsuit against the Nigeria Police Force, challenging the controversial tinted glass permit policy introduced earlier this year by the Inspector-General of PoliceThe post NBA Sues Police Over Tinted Glass Permit Policy, Cites Rights Violations appeared first on
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Uncertainty as NUPENG, Dangote Refinery battl...
At the heart of the dispute is the refinery’s decision to deploy 4,000 new Compressed Natural Gas (CNG) trucks for direct distribution of fuel while allegedly asking drivers to shun union membership.The post Uncertainty as NUPENG, Dangote Refinery battle Over Union Rights appeared first on Premium Times
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National Single Window will enhance trade, dr...
By Godwin Oritse The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the implementation of the National Single Window, NSW project will play a pivotal role in transforming trade facilitation in Nigeria and strengthening efforts to stabilise the economy. The Single Window project is a unified electronic platform that integrates various […]The post National Single Window will enhance trade, drive economic stability — Finance
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Fri 25th October, 2024
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