Business

The Monetary Policy Committee (MPC) has called on the Central Bank of Nigeria (CBN) to keep monetary policy rates at current values while strengthening intervention initiatives in critical sectors of the economy. Experts at an MPC…

Global structured finance new issuance volume increased 60 percent to approximately $685 billion in the first half of 2021 and could rise to $1.4 trillion by the end of 2021. In its half-year outlook, S & P Global Ratings raised its…

South Africa’s state-owned ports and freight-rail company, Transnet SOC Ltd., has declared force majeure at the country’s key container terminals after disruptions caused by a cyber attack five days ago. Force majeure is an unanticipated…

The Infrastructure Concession Regulatory Commission (ICRC) says that One Hundred and Fifty-eight (158) Public-Private Partnership (PPP) projects were incorporated in Nigeria from multiple sectors across the economy. The ICRC…

Oil prices dropped by around 0.5% on Monday, with West Texas  Oil (WTI) trading below $72 a barrel and Brent crude below $74 a barrel, amid worries over a slowdown in global oil demand after some countries posted record daily increases and…

African Governments urged to build sustainable economies Investors bullish on the U.K. pound have gotten used to brushing off concerns about Covid-19 infections and the post-Brexit future. Now, a sudden rethink on the global recovery is…

Some of the assets most exposed to fears around the spread of the delta variant are luring traders with tempting signals of strength and stability. Emerging-market corporate earnings have outpaced estimates for the first time in 30…

Local Vehicle manufacturers' heavy reliance on imported spare parts is costing Nigeria $10 billion (about N5 trillion) in capital flight yearly. The failure to revive steel companies and equally develop indigenous petrochemical plants…

Around 1,600 people from all over Africa and Japan gathered over six days to explore closer business ties at the Third Japan-Africa Business Forum, which this year attracted the highest number of participants since its launch. …

EQUITY It was a brief trading week as the Federal Government of Nigeria declared Tuesday 20th and Wednesday 21st July, 2021 as Public Holidays to commemorate the Eid el-Kabir celebration.  Meanwhile, a total turnover of 896.174 million…