NDIC Pays 82% of Heritage Bank Depositors Following Rapid Response to Bank’s Liquidation
The Nigeria Deposit Insurance Corporation (NDIC) has announced that approximately 82.36% of depositors from the recently liquidated Heritage Bank have ...
Edo Refinery Faces Operational Crisis Due to Persistent Crude Oil Shortage Despite Presidential Directive
The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised concerns over ...
Oil Prices Rise for Fifth Straight Session as U.S. Recession Concerns Ease Amid Heightened Middle East Tensions
Oil prices rose for the fifth straight session on Monday, extending last week's gains of more than 3%, as easing ...
Global Markets Rebound as Focus Shifts to Key U.S. Economic Data; Asian Stocks Lead Gains
Shares climbed for the second consecutive session on Monday as investors shifted their attention to crucial U.S. economic data expected ...
Oil Prices Continue to Climb Amid Easing U.S. Recession Fears and Middle East Tensions
Global oil prices rose for the fifth consecutive session on Monday, extending last week's gains of more than 3% as ...
US Composite PMI Moderates to 54.3 in July Amid Cost Pressures and Weak Consumer Confidence
According to S&P Global, the United States composite PMI continued to signal expansion in July, maintaining its position above the ...
China’s Consumer Prices Rise to 0.5% in July Amidst Government Stimulus Efforts
According to newly released data from the National Bureau of Statistics, China's consumer prices increased by 0.5% year-on-year (y/y) in ...
Global Equities Tumble Amid Recession Fears and Yen “Carry Trade” Unwind
Equities markets around the world experienced significant declines this week, fueled by mounting fears of a recession in the United ...
CBN Reintroduces Retail Dutch Auction System, Auctions $876 Million to Stabilize Naira
In a significant move to address the growing demand for foreign exchange and stabilize the naira, the Central Bank of ...
Nigerian Equities Market Gains 0.9% as Investor Optimism Returns; Anticipation of Bank Earnings Bolsters Sentiment
Positive sentiment made a strong comeback in the Nigerian equities market this week, as renewed investor interest in key stocks ...
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