Oil Price slips below $66 ahead of G20, OPEC meeting Oil slid below $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the...

June 2019 FGN Bond Oversubscribed by 60% The Federal Government bond subscription conducted by the Debt Management Office (DMO) for June 2019 has been oversubscribed by 60 percent. The high level of demand shown by Investors at FGN Bond Auctions in...

Afreximbank Helps Intra-regional Trade with $25bn African Export-Import Bank (Afreximbank) has disbursed eight billion dollars out of the 25 billion dollars it planned on a revolving basis to support intra-regional trade between 2017 and 2021. The bank’s President, Prof. Benedict Oramah,...

Float Exchange Rate Regime stays- CBN A managed float Exchange rate regime would stay, says the Central Bank of Nigeria(CBN) as parts of efforts to reduce the impact of continuous volatility in the exchange rate on the economy. The CBN Governor,...

China, US officials Hold trade talks before Trump-Xi meeting Senior Chinese and US officials have held a phone conversation about bilateral trade ahead of a meeting between China’s President Xi Jinping and his US counterpart, Donald Trump, slated for later...

Russia, Africa Trade to double by 2023 Some experts have predicted that the trade turnover between Russia and Africa would double within the next three years. The experts made the prediction at the ongoing 2019 African Export-Import Bank (Afreximbank) Annual...