Nigeria’s Local Currency Stabilises on Foreign Currency Inflow
The Nigeria’s local currency, Naira, was stable across the foreign exchange (FX) markets as foreign currency inflow slightly raised external reserves week on week as oil prices remained high.
Nigeria’s PMI Indicates Economic Recovery Underway, Albeit Slow
Following positive macroeconomic direction recorded in the fourth quarter of year 2020, analysts have explained that Nigeria’s purchasing manager index has shed light that economic recovery is underway, albeit slow.
Nigeria’s Total Debt Escalates to N32.915 Trillion
Nigeria’s total public indebtedness escalates to N32.915 trillion at the year-end 2020 amidst plan to further stretch borrowing to finance budget 2021 deficit.
Cititrust Financial Services to List by Introduction on NSE by Q2
Cititrust Financial Services, an investment firm, has perfected arrangements to list by introduction on the nation’s bourse before the end of the second quarter.
Oil prices edge up on strong China data, U.S. crude oil draw
Oil prices edge up on strong China data, U.S. crude oil draw
Oil prices edged higher, on Thursday,...
FG Begins Development of Mineral Resources in 6 Geopolitical Zones- Ogah
Dr Uchechukwu Ogah, Minister of State, Mines and Steel Development, says the Federal Government has begun development of mineral resources across the six geopolitical zone of the country.
Nigeria’s Headline Inflation Rate Jumps to 17.33% in February
Nigeria's headline inflation rate jumps to 17.3% in February amidst unemployment condition in the country, the National Bureau of Statistics (NBS) data shows.
MPC: Rates Retention Consistent with Global Trends – Experts
Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
Nigerian Economy Tumbles 1.9%, Analysts Differ on Outlook
In 2020, the Nigerian economy tumbles 1.9% when compare with the nation’s balance sheet size in the corresponding year 2019. Amidst quick rebound from economic recession following a 0.11% gross domestic product growth rate in the fourth quarter, the economy still lie in the shallow.
Nigerian bourse drops N15bn in bearish trading
The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day.
