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Markets - Page 92

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per cent tariffs on all Canadian goods entering the United States, sharply escalating trade tensions between the two North American allies over Canada’s recent trade engagement with China. Trump issued the warning via

January 25, 2026

Business·Markets·News

Dangote Refinery Slashes Diesel Price To N1000/Litre, Marketers Hail Move

The Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil, commonly known as diesel. The reduction, from N1,200/litre to N1,000/litre, marks a pivotal moment for the downstream oil sector and the wider Nigerian economy. Addressing the media,

April 17, 2024

Business·Markets·News

Nigerian Govt Pays About N600bn Monthly For Fuel Subsidy – Rainoil CEO

Gabriel Ogbechie, CEO of Rainoil Limited, revealed that the federal government has reinstated fuel subsidy, and pays about N600 billion monthly due to the devaluation of the Naira in the foreign exchange market. Speaking at the Stanbic IBTC Energy and Infrastructure Breakfast

April 16, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

NGX Sees 7th Day Of Losses, N304bn Equity Drop, FBN’s SWOOT Exit

The Nigerian Stock Exchange (NGX) witnessed another day of downturn, marking the seventh consecutive day of losses for investors. The NGX All-Share Index, a key indicator of market performance, took a hit, dropping by 537.44 points to close at 101,777.12 points. This

April 16, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Naira Nears N1,000/$1 At Parallel Market As Traders Anticipate Further Gains

The Nigerian naira is on an upswing against the United States dollar, reaching N1,136/$ at the official market and N1,050/$ at the parallel market by the close of trading on Monday. Traders are optimistic, foreseeing the dollar’s decline to dip below N1,000

April 16, 2024

Business·Markets·News·World News

Gold Prices Rise As Iran’s Attack On Israel Sparks ‘Safe Haven’ Demand

In a dramatic turn of events, gold prices surged in Asian trading, nearing record highs, driven by heightened demand for safe havens following Iran’s strike on Israel. Spot gold witnessed a 0.6% rise, reaching $2,357.81 an ounce, after peaking at a record

April 15, 2024

Business·Markets·News·Oil & Gas

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigeria, Africa’s largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production. The country lost about N720 billion due to a slump in production during February and March 2024. According to data from the

April 15, 2024

Business·Markets·News·World News

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists- Analysts

Analysts predict a rise in crude oil prices beyond the $90 benchmark following Iran’s assault on Israel over the weekend. Iran’s retaliatory strike against Israel, prompted by a suspected attack on its consulate in Syria earlier, marked a significant escalation, sparking concerns

April 14, 2024

Stop Buying Electricity Infrastructure, Transformers, Poles - Power Minister Tells Nigerians

Business·Markets·News

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

The Minister of Power, Adebayo Adelabu, addressed concerns about the recent electricity tariff hike, emphasizing the potential for reduction if the exchange rate improves. Adelabu asserted during his appearance on Channel Television’s Politics Today, “The tariff is flexible. I can tell you,

April 12, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Markets·News

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to tighten access to foreign exchange (forex) for non-oil exporters. ABCON President, Dr. Aminu Gwadabe, emphasized the need for this measure during a

April 11, 2024

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Africa·Business·Markets·News

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

Nasiru Salami, the president of the Transborder Traders Association, voiced concerns about the impact of Nigeria’s forex policies on cross-border trade within Africa. Salami highlighted the challenges faced by small and medium enterprises (SMEs), emphasizing the difficulties encountered in repatriating export proceeds

April 11, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Markets - Page 92

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Dangote Refinery Slashes Diesel Price To N1000/Litre, Marketers Hail Move

Nigerian Govt Pays About N600bn Monthly For Fuel Subsidy – Rainoil CEO

NGX Sees 7th Day Of Losses, N304bn Equity Drop, FBN’s SWOOT Exit

Naira Nears N1,000/$1 At Parallel Market As Traders Anticipate Further Gains

Gold Prices Rise As Iran’s Attack On Israel Sparks ‘Safe Haven’ Demand

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists- Analysts

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

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Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

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