Economy & Market
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176Nigeria to Relaunch Currency Trade Scheme after Setback –CBN
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Nigeria is developing a new framework to enable the...
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109Bank failure: NDIC Assures Depositors ₦5m Compensation Failure
As part of efforts to boost public confidence in the banking system, the Nigeria Deposit Insurance Corporation (NDIC), has reassured depositors, especially...
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133Bulls Sustain Rally on the Bourse as ASI Up 0.4%
EQUITIES The Nigerian equities market ended today’s trading session on a bullish note, as buying interests in DANGCEM (+2.4%), WAPCO (+2.3%), and...
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134SEC Adopts Faster Settlement Cycle for Market Efficiency
The Securities and Exchange Commission has announced plans to transition Nigeria’s capital market from a T+3 to a T+2 settlement cycle to...
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246Mild Positive Outing at the Exchange as ASI Up 0.02%
EQUITIES The local bourse increased marginally by 2bps to 147,741.77 points driven by gains in TRANSCORP (+4.2%) and STANBIC (+1.6%). Accordingly, the...
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182Headline Inflation Slips to 18.02% Y/Y in September
Based on the CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation fell sharply by 210bps to 18.02% y/y...
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192Naira Gaining Traction, eNaira to be Revamped –Cardoso
Cardoso represented Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy as G-24 Vice Chair. He said: “We’re part...
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173IMF Revises Nigeria’s Growth Upward on Oil Gains, Trade Resilience
The International Monetary Fund has revised Nigeria’s economic growth outlook upward, projecting a 3.9 per cent GDP expansion in 2025, a growth...
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192Stock Market Performance Closes Flat
EQUITIES The Nigerian equities market showed limited movement in today’s session, as gains in BUACEMENT (+0.6%) and INTBREW (+3.6%) were offset by...
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164FCCPC Backs Central Bank’s 48-hour Refund for Customers
The Federal Competition and Consumer Protection Commission (FCCPC) has announced its support for the Central Bank of Nigeria’s (CBN’s) draft guidelines requiring...
