Economy & Market
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104Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 –IMF
The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and...
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60States, FCT Get ₦2.43tr IGR
The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR) last year. The National...
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96Bearish Start to the Week as ASI Down 0.7%
EQUITIES The local bourse paused its five-day bullish run as losses in BUACEMENT (-10.0%) and FBNH (-6.1%) offset the gain in TRANSCORP...
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124FG Plans Tax Overhaul to Access $750m W’Bank Loan
The Federal Government is pressing ahead with critical tax reforms not just to boost tax revenue and efficiency but also to meet...
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104‘₦5m Insurance Coverage will Enhance Depositors’ Safety Nets’
At the weekend, Mukhail Abiru, Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, stated that the recent increase...
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83Economic and Market Report: Week Ended 25-10-2024
Global Economy According to S&P Global, the United States (US) Composite PMI expanded to 54.3 points in October (September: 54.0 points), primarily...
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162CBN Engages Diasporan Nigerians to Boost Remittances
The Central Bank of Nigeria has launched a series of engagements with the Nigerian diaspora to optimise remittance flows into the country....
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244CBN: No Retirement Date for Old Naira Banknotes, Remain Legal Tender Indefinitely
The Central Bank of Nigeria (CBN), yesterday said it does not intend to discontinue the circulation of the old series of N200,...
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161Bulls Sustain Rally on the Local Bourse
EQUITIES The bulls continued to dominate the Nigerian stock market as gains in ACCESSCORP (+10.0%) and FBNH (+3.2%) spurred a 0.3% increase...
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252Stocks Waver on US Election Risks, Yen Advances
European equities were set to emulate Asia’s lackluster session as concerns on China’s economy and a tight US presidential election dented risk...
