European Stocks Surge as Banks Lead Gains

By Investors Hub European Stocks surged higher on Monday, with banks leading gains, after Italy moved to shore up confidence in its fragile banking system. The Italian government agreed to bail out two banks in the Venice region at a cost of 5.2bn euros after the European Central Bank ruled that those banks were “failing or about to fail”. Investor More...

by Dipo Olowookere | Published 4 hours ago
By Dipo Olowookere On Monday, June 26th, 2017
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Futures Pointing to Initial Strength on Wall Street

By Investors Hub Major U.S. index futures are pointing to a higher opening on Monday following the lackluster performances seen to close out the previous week. After closing mixed for two consecutive sessions, More...

By Dipo Olowookere On Monday, June 26th, 2017
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Okomu Oil Refurbishes Oil Mill, Rubber Factory

By Dipo Olowookere Chairman of Okomu Oil Plc, Mr Gbenga Oyebode, has disclosed that some of the developments to be achieved this year by the firm are the refurbishment of its oil mill and the rubber factory effluent More...

By Dipo Olowookere On Monday, June 26th, 2017
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Every Part of Nigeria Vital to our Financial System—Adeosun

By Dipo Olowookere Minister of Finance, Mrs Kemi Adeosun, has emphasised the need for Nigeria to remain as an indivisible country, contrary to what some agitators want. Mrs Adeosun, while reacting to statements More...

By Dipo Olowookere On Sunday, June 25th, 2017
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CBN Bullies Banks as Etisalat Offers to Pay 10% Bad Loans

By Dipo Olowookere The crisis confronting debt-ridden Etisalat, one of Nigeria’s biggest telecom companies, took a disturbing few days ago when the Central Bank of Nigeria (CBN) told the consortium of banks led More...

By Dipo Olowookere On Sunday, June 25th, 2017
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FG Targets $1b from New Tax Evasion Pardon Scheme

By Dipo Olowookere At least $1 billion is expected to be generated from a newly introduced tax evasion pardon schemed by the Federal Government. Minister of Finance, Mrs Kemi Adeosun, was quoted in a statement More...

By Dipo Olowookere On Sunday, June 25th, 2017
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Nigerian Corporate Eurobonds Record Mix Performance

By Dipo Olowookere In the just concluded week, performance of Nigerian corporate Eurobonds recorded mixed performance. It was observed that while yields rose on a number of instruments, some others recorded buying More...

By Dipo Olowookere On Saturday, June 24th, 2017
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Naira Devaluation Will Worsen Inflation, Kill Nigerians—CBN

By Dipo Olowookere The devaluation of the Naira will further increase inflation in the country, the Central Bank of Nigeria (CBN) has warned. Spokesman of the bank, Mr Isaac Okorafor, gave this caution in Abia More...

By Dipo Olowookere On Saturday, June 24th, 2017
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NIBOR Moderates on Improved Financial System Liquidity

By Cowry Asset In the just concluded week, the Nigerian Inter-bank Offered Rate (NIBOR) increased for most of the tenor buckets amid renewed liquidity strain. On the other hand, NITTY moved in mixed directions More...

By Dipo Olowookere On Saturday, June 24th, 2017
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CBN Mops up N403.1b in OMO Sales

By Dipo Olowookere As part of effort to squeeze excess liquidity in the system, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017, conducted a special Open Market Operation (OMO) auction. During the auction, More...

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