Economy & Market
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253DBN Secures Access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has received the Green Climate Fund (GCF) Accreditation, becoming the first Direct Access Entity (DAE)...
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191SEC and AfDB Advocate Green Finance to Drive Eco-friendly Economy
The Securities and Exchange Commission, in collaboration with the African Development Bank, has called for a heightened embrace of green finance as...
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214NASS Passes Finance Bill, Imposes 70% Levy on Banks’ Windfall Forex Profits
The National Assembly on Tuesday passed proposed amendment to the Finance Act which seeks to impose 70% levy on Banks’ windfall forex...
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136Bears Return to the Local Bourse
EQUITIES The domestic stock market reversed yesterday’s gains as selloffs in ZENITHBANK (-1.6%), UBA (-1.5%), and FBNH (-0.9%) caused a 0.1% decline...
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115MPC Pivots to a Less Hawkish Stance: Raises the MPR
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by...
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321Macroeconomic: MPC Further Tightens Anchor Rate to 26.75%
As predicted in our last weekly macroeconomic note, the Monetary Policy Committee (MPC) of the CBN at the end of its 296th...
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104Govt to Fund New Wage, Infrastructure with ₦6.2tr Supplementary Budget
The Federal Government has explained that the N3 trillion recurrent component of the N6.2 trillion supplementary budget would largely be used to...
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164Windfall Tax: FG to Jail Defaulting Bank Executives
The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on...
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164Forex Inflow via IMTOs Hits $1.07b in Three Months –CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from...
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242Stock Market Records Mild Positive Outing
EQUITIES The domestic bourse traded marginally higher, as buying interest in ZENITHBANK (+1.4%) spurred a 3bps expansion in the All-share index to 100,568.60...
