The Central Bank of Nigeria (CBN) on Monday offered $195m in three segments of the Foreign Exchange Market to boost liquidity in the operation. The CBN’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement in Abuja said…
OPEC Rebel Ecuador To Cap Oil Output 20,000 BPD Higher
One month after abandoning the OPEC production cut deal and shaking the alliance, Ecuador said this week that it was planning to cap its crude oil production at the current level of 541,000 bpd so as to not undermine the cartel’s…
Dangote Cement spurs equities to N73b rebound
Nigerian equities broke a three-day consecutive downtrend yesterday as Nigeria’s most capitalised quoted company-Dangote Cement, rallied the market to a net capital gain of N73 billion. While there were still widespread selling sentiments with nearly two losers for every gainer,…
Nigeria strengthening economy attracts forex traders
The forces behind currency markets and what makes them tick is always an interesting topic, especially when you talk about the Nigerian naira. The strength of a country’s currency is often in direct proportion to their fiscal health and political…
TJX sees revenue rise amid lackluster market for retailers
As shoppers continue to flee department stores, more often than not they are running straight into the arms — and aisles — of off-price giant TJX Companies. TJX, which runs the TJ Maxx, Marshalls and HomeGoods chains, remains among the…
Amazon debuts ‘Instant Pickup Points’ in the U.S. for pickups in minutes
Amazon’s latest physical retail foray is called “Instant Pickup,” and it works as the name implies: Amazon shoppers can pick up orders for certain items within two minutes of making their purchase. The program is live at five college campuses…
Pension Fund Hits N6.5 Trillion
The nation’s pension funds, under the Contributory Pension Scheme (CPS), grew to about N6.5 trillion as at the end of July 2017, even as the number of pension contributors rose significantly to 7. 6 million, LEADERSHIP has exclusively gathered. As…
Profit taking to resume this week as earning season draws to close
INVESTMENT analysts have said that transactions in the equities market this week will be dominated by profit takers. This is even as some operators have said that investors would trade cautiously as the earning season has come to a close.INVESTMENT…
European stocks fall as caution over geopolitical tensions lingers
European stocks fell Thursday, with caution still lingering as tension between U.S. and North Korea escalated, and as German consumer-goods company Henkel AG & Co. was among the companies whose shares pulled the market toward a second consecutive decline. The…
Enjoy Your Summer with FirstBank Dollar Denominated Cards
This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards. Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers, wherever they…