Economy & Market
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90CBN Grants Approval to 14 Money Transfer Operators
The Central Bank of Nigeria has activated plans to double foreign-currency remittance flows through formal channels by granting 14 new International Money...
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121Banking Stocks Drive Bearish Sentiment
EQUITIES The Nigerian stock market extended its bearish run as sell pressures on ZENITHBANK (-3.2%) and UBA (-4.4%) outweighed bargain hunting in MTNN...
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1.1KInflation to Remain Elevated on Naira Depreciation
According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation rose by 49bps to 33.69% y/y in April (March: +33.20% y/y),...
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216FG Lists ₦4.214b April Savings Bonds On NGX
The Federal Government has listed its April 2024 Savings Bonds worth N4.214 billion on the Nigerian Exchange Limited platform. This was disclosed...
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71CREDICORP Engages Banks on Consumer Credit Initiative
Hopes for businesses in Nigeria to access credit brightened recently, as the Consumer Credit Corporation (CREDICORP) is engaging with Nigeria’s lending ecosystem to...
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84Tinubu Suspends 0.5% Cybersecurity Levy
President Bola Tinubu has suspended the 0.5 percent cybersecurity levy after criticism trailed the announcement. Mohammed Idris, minister of information and national...
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85All-Share Index Extends Losses by 0.24%
EQUITIES The local bourse sustained yesterday’s negative sentiments as profit taking activities in DANGSUGAR (-10.0%) caused the benchmark index to fall by 0.2%...
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75CBN Determined to Tame Soaring Inflation –Cardoso
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank could raise interest rates in its bid to...
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77Only 25% of Bank Deposits Insured –NDIC Boss
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Bello Hassan, has revealed that only 25 per cent of the...
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232Bearish Start to the Week as Index down 0.5%
EQUITIES The domestic equities market commenced the week’s trading on a bearish note as sell pressures on SEPLAT (-10.0%) and UBA (-10.0%)...
