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As Earnings Recession Looms, Valuations to be Depressed
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A diesel economy, nerve-shattering inflation, expectation of rising bond yields, and supply chain bottleneck will lead to corporate profit falling in the last two...
NNPC Ltd: FG to Halt Funding as National Oil Company Transforms to Commercial Entity
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As the NNPC transitions to a full commercial entity today, the federal government would henceforth halt all forms of funding for projects and sundry...
Russia Fines Google $366 million
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A Russian court has fined American tech giant Google more than 21 billion rubles ($366 million) on Monday, for its failure to delete prohibited...
Russia’s Gazprom Declares ‘Force Majeure’ on EU Gas Flow
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Russian energy giant Gazprom has declared force majeure on gas supplies to at least one major EU customer starting July 14, Reuters reported on...
CBN RT200 Rebate Spurs $2.4bn of Inflows From Non-oil Exports
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Non-oil exporters have ramped up the repatriation of export proceeds through the investors and exporters (I&E) window of the foreign exchange market in response...
Corporate Debt Issuance Surges Despite Economic Uncertainty
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Nigerian corporate firms raced to the fixed income markets in the first six months of year, undeterred by the economic fallout from the Ukraine...
Russian Defense Minister Orders Units to Step up Ukraine Operations
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Russian Defense Minister Sergei Shoigu has ordered Russian military units operating in all areas of Ukraine to step up their operations in order to...
Soludo Seeks House of Assembly’s Approval for N100bn Loan
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Anambra State governor, Prof Chukwuma Soludo, has sought the approval of the state House of Assembly for N100 billion loan.
The House on Friday passed...
Here are Documentation Needed for Education and Medical Form A Payments for Forex
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These are the checklist for education and medicals Form A payments, initiated via the Trade Management System (TRMS) portal www.tradesystem.gov.ng/login
Applicants should ensure that their Naira...
Nigerian Fintech Execs Convicted in US for Laundering $160mn Sent to Nigeria
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The operators of a Texan payments firm with ties to the UK pleaded guilty in the US to money laundering failures after their business...