Economy & Market
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52FG, AfDB Push for Fair, Non-biased Credit Ratings for African Countries
Amid concerns over seeming bias in global credit rating systems, the African Development Bank (AfDB) and the Nigerian government have called for...
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40Vibrant Capital Market Key to $1trn Economy Achievement –Agama
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, yesterday stressed the need for a vibrant capital market in achieving...
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42Senate Proposes Foreign Currency Ban for Local Transactions
The Senate, on Tuesday, passed for first reading a bill to ban the use of foreign currencies for payments and transactions within...
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13Banks Restrict Multiple Account Owners to ₦20,000 Withdrawal
There is no end in sight yet to the low cash supply by commercial banks as customers face increasing difficulty with cash...
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82Local Bourse Crosses 100,000 Index Mark
EQUITIES The Nigerian equities market closed on a positive note, buoyed by gains in ARADEL (+5.0%), STANBIC (+3.7%) and GTCO (+1.0%). Consequently,...
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16FG to Fund ₦13tr Deficit in 2025 Budget Via Borrowing –Edun
The federal government has declared that the N13 trillion deficit in the N48 trillion 2025 budget proposal will be financed through borrowing....
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58W’Bank Plans $1.65b Loans for Nigeria Next Year
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts...
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53Rising Food Prices Drive Inflation to 34.6% High
Nigeria’s inflation rose to 34.60 per cent in November 2024, reflecting a 0.72 per cent increase from October’s rate of 33.88 per...
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45Asian Stocks Fluctuate Before Key Rate Decisions
Asian equities fluctuated as traders awaited a raft of interest-rate decisions by central banks this week, including the Federal Reserve. A key...
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74Stock Market Sustains Positive Sentiment as ASI Up 0.6%
EQUITIES The local bourse kicked off the week on a positive note as gains in OANDO (+5.9%) and ARADEL (+9.1%) caused a...
