NGX ASI rises as gain exceeds 68,000 basis points
The Nigerian Exchange Limited’s All-Share Index reached an all-time high of 68,279.14 basis points just a week after breaking a 15-year record…
Economy
Financial stakeholders demand improvement of African economy
Financial sector stakeholders have stated that cooperation amongst all sectors is necessary to enable faster economic growth in Africa. The Punch reported…
Nigeria’s GDP rose 19.54% in Q2 2023 – Report
In the second quarter of 2023, ICT-related activities accounted for 19.54% of Nigeria’s real Gross Domestic Product. This information was included in…
CBN threatens BDC crackdown as naira falls to 900/$
The naira lost value on the parallel market on Wednesday, ending the day at 900/dollar. This happened just two weeks after the…
Nigeria’s inflation hits 24.08% – NBS
The National Bureau of Statistics has revealed that Nigeria’s inflation rate rose to 24.08 per cent in July 2023. This, according…
Nigeria lost $7bn to flood in 2022 – Shettima
The Vice President of Nigeria, Kashim Shettima disclosed at the UN Framework Convention on Climate Change meeting in Abuja that the flood…
Inflation: Nigeria doing better than other African countries – CBN
According to the Central Bank of Nigeria, the country’s inflation rate is lower than that of the majority of African countries. This…
Tinubu’s tax committee chair demands diesel VAT suspension
The chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, has stated that the value-added tax on automotive petrol oil,…
Nigeria sits top of global unemployment rating – Report
Nigeria has the highest rate of unemployment according to a review of the most recent information made available by the World of…
Naira rises 4.31% at investors, exporters window
The naira strengthened against the dollar on Friday, trading at N743.07 in the Investor’s and Exporters’ window. When compared to Thursday’s exchange…
Naira drops to N890/$1 in black market as FX crisis worsens
The parallel market sector of the foreign exchange market is currently not favourable for the Nigerian Naira as it has dropped to…
Stock market gains N41bn – Report
By Christian George The stock market recovered on Wednesday with a N41 billion gain after five uninterrupted sessions of losses.…