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Market News

Portfolio Investment in Equity, Bonds Plunge to $617.2m on FX Scarcity

Amid political uncertainty and double-dight inflation rate, portfolio investment in equity and bond markets dropped

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October 9, 2023 7:29 am
Market News

CBN reduces cash mop by 82% to N150bn

In a bid to stimulate economic growth worsened by unprecedented rise in prices of goods

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October 9, 2023 7:19 am
Market News

NDIC pays N1.08bn to depositors of failed banks

The Managing Director of the Nigeria Deposit Insurance Corporation, Mr Bello Hassan, said it has

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October 6, 2023 7:12 am
Market News

First naira denominated infrastructure fund lists on NGX

The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure

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October 6, 2023 7:08 am
Market News

Africa will earn over $70bn from internal trading – AfCFTA

The Africa Continental Free Trade Area has said that internal trading will earn Africa more

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October 6, 2023 7:01 am
Market News

Naira among Africa’s worst currencies, falls by 40% –W’Bank

The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said.

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October 5, 2023 7:51 am
Market News

Crippling debts, coups to slow Sub-saharan Africa’s growth by 2.5% –W’Bank

The World Bank on Wednesday, revealed that Sub-saharan Africa’s economic growth will drop to 2.5

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October 5, 2023 7:38 am
Market News

Subsidy removal: Coys’ distribution cost jumps to N155bn in Q2’23

The distribution cost for leading consumer goods companies quoted on the Nigerian Exchange Limited (NGX)

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October 5, 2023 7:34 am
Market News

Resetting FX market to attract foreign direct investments

Last week, the Central Bank of Nigeria (CBN) Governor, Dr Yemi Cardoso, shortly after his

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October 4, 2023 7:26 am
Market News

Fed Govt offers N150b Sukuk for infrastructure

The Federal Government yesterday launched a N150 billion Sukuk issuance to raise funds for the

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October 4, 2023 6:58 am
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