Economy & Market
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48₦1,030/Litre Price: NLC Demands Reversal as Fuel Queues Resurface
The Nigeria Labour Congress and the Organised Private Sector have called for the immediate reversal of the hike in the pump prices...
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155Bears Maintain Dominance as ASI Further Down 0.1%
EQUITIES The domestic bourse extended yesterday’s loss as sell pressures on OANDO (-3.5%), UBA (-1.8%), and FBNH (-1.7%) drove the All-Share Index lower...
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176CBN Assures Public on Financial System Stability, Safety of Funds
The Central Bank of Nigeria, CBN yesterday assured the public of its commitment to the stability of the financial system and safety...
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164No Failed Bank Depositor Will Lose Funds –NDIC
Nigeria Deposit Insurance Corporation (NDIC) has assured that no failed bank depositor will lose their funds should there be any failure. Speaking at...
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146Bears Resurface as ASI Down 0.1%
EQUITIES Negative sentiments resurfaced in the Nigerian equities market as losses in OANDO (-5.8%) and GTCO (-3.7%) caused a 0.1% decline in...
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199SEC Vows to Tackle Crypto Fraud
The Securities and Exchange Commission has vowed to combat fraud, money laundering, and market manipulation in the country’s rapidly evolving cryptocurrency sector....
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188Stock Market: Trading Kicks Off Week Bullish
EQUITIES Trading in the domestic bourse kicked off the week on a positive note as buying interest in FIDELITYBK (+10.0%), UBA (+2.4%), and...
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83PoS Transactions Hit ₦6.23tr in Seven Months
Point of Sale transactions in Nigeria totalled N6.23tn between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System....
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149Higher Interest Rate Painful for Borrowers but Necessary to Control Inflation –Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described the decision to raise the Monetary Policy Rate (MPR)...
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149Economic and Market Report: Week Ended 04-10-2024
Global Economy According to Eurostat, headline inflation in the Euro Area moderated by 40bps to 1.8% y/y in September (August: +2.2% y/y)...
