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Markets

UBA USA CEO Sola Yomi-Ajayi Appointed to US EXIM’s Sub-Saharan Africa Advisory Committee

Sola Yomi-Ajayi, the CEO of the United Bank for Africa(UBA)’s operations in the United States, has been appointed to the Export-Import Bank of the...

Nigeria’s N15.4 Trillion Domestic Debt Binge Getting Cheaper to Finance

Nigeria's Federal government is binging on domestic debt which hit a record high as at June 2020, but one positive for policymakers in Abuja...

Petrol Subsidy Removal to save Nigeria N1trillion a Year

Nigeria expects to save as much as N1 trillion naira ($2.6 billion) a year after it abolished petrol subsidy paid to guarantee cheap gasoline...

Domestic Stocks, Bitcoin Provide Investment Opportunities for Nigerians

Nigerians should look for hidden value lurking in their domestic stock market as well as the developments in the cryptocurrency space like Bitcoin for...

Russia, South Africa, Nigeria Among Top Countries by Cryptocurrency Adoption

Russia, China, South Africa, Nigeria, Kenya, and the U.S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption...

Nigeria Asks for $1.1bn Advance From Eni, Shell in OPL 245 Case

Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for...

Donald Trump nominated for 2021 Nobel Peace Prize

U.S President Donald Trump has been nominated for the 2021 Nobel Peace Prize. The US President’s nomination came from right-wing Norwegian politician Christian Tybring-Gjeddee who...

Zenith Bank Reviews International Limit on Naira Cards to $100

Zenith Bank has reviewed lower to $100 a month the international spending limit on its Naira Cards in a mail sent customers. The bank said...

South Africa’s GDP Plunges by 51% Annualized in Q2

South Africa’s gross domestic product (GDP) shrank an annualized 51 percent in the period through June from the previous quarter, compared with a revised...

Tesla Shares Slump on S&P 500 Non-Inclusion

Tesla shares slumped in U.S. pre-market trading on Tuesday after the electric-vehicle maker missed out on being included in the S&P 500 Index. Tesla shares...

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