IMF to Visit Ghana for Talk on Funding Support

An International Monetary Fund (IMF) staff team will visit Ghana again from Dec. 1 to 13 to continue discussions on Accra’s request for a support programme. Read more

Nigeria’s Rakes in $4.99bn from Exports

Following an effort to diversify the local economy away from predominantly hydrocarbon revenue, Nigeria’s raked in about $5 billion in nine months from non-crude oil exports…Read more

Investors Suffer N62bn Loss in Stock Market

Equities investors in the Nigerian stock market lose about N62 billion on Tuesday as the local bourse tracks lower following selloffs in small to mid-cap shares. The renewed profit-taking …Read more

Fitch Affirms Sterling Bank at ‘B-‘; Withdraws Ratings

Fitch Ratings has affirmed Sterling Bank Plc.’s ratings, including the lender’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook and viability rating …Read more

Interbank Rate Rises over Tight Market Liquidity

The interbank offered rate rose strongly amidst tight liquidity in the financial system, forcing some cash-rich Nigerian banks were seeking higher rates …Read more

Oil Slumps amidst Slow Chinese Buying

The global prices of crude oil remain tight amidst slow Chinese buying as citizens began to revolt against the authority’s covid -19 policy. Brent crude futures were trading around $84 per barrel …Read more

Japanese-Backed Crypto Exchange Bitfront Shuts Down

Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations…Read more

China Unrest Spooks Markets, Investors Brace for Rebound

Global stock markets are spooked as protests erupt across China against President Xi Jinping’s zero-Covid policy, but investors should position ….Read more

Nigeria Launches Trade Information Portal

The Federal Ministry of Industry, Trade and Investment on Monday in Abuja inaugurated the Nigeria Trade Information Portal (NTIP) in fulfilment of the World Trade Organisation (WTO) trade facilitation…Read more

UK, Nigeria Trade Volume Hits £5.5 Billion

The United Kingdom (UK) and Nigeria said the trade volume between the two countries stood at 5.5 billion pounds, according to a joint statement issued in …Read more