Economy & Market
-
229Naira Printing Costs Skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared...
-
180CBN Committed to Long-term Stability, Financial Inclusion –Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the apex bank’s commitment to promoting long-term economic stability, financial...
-
231Economic and Market Report: Week Ended 02-05-2025
Global Economy According to the Bureau of Economic Analysis (BEA), the US economy contracted by 0.3% q/q in Q1-25 (Q4-24: +2.4% q/q),...
-
215Stocks, Futures Climb as China Mulls Trade Talks
Asian stocks climbed to the highest level in more than a month and US equity-index futures advanced Friday after China said it’s...
-
196Nigeria not in Hyperinflation –FRC
The Financial Reporting Council of Nigeria has reaffirmed that the Nigerian economy does not meet the criteria for classification as hyperinflationary, despite...
-
202AfDB Approves $650m Annual Commitment to Boost Economic Growth
The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering...
-
189CBN Emphasises Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is...
-
220Bears Tighten Grip as ASI Down 0.1%
EQUITIES Bearish sentiments persisted in the local stock market as sell pressures in GTCO (-3.5%) and ETI (-10.0%) caused a 0.1% decline...
-
230Budget Deficit: FG Accesses ₦2.5trn from Bond Market in Four Months
In a bid to bridge the 2025 budget deficit, the federal government through the Debt Management Office (DMO) has borrowed an estimated...
-
200FIRS Orders Banks to Close Unauthorised Tax Collection Accounts
The Federal Inland Revenue Service (FIRS) has instructed all banks in Nigeria to immediately identify and close any tax and levy collection...
