Economy & Market
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1887% GDP Growth Achievable –Finance Minister
The federal government has directed the Economic Management Team (EMT) to strategise for Nigeria’s economic future, targeting a medium-term growth rate of...
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138PMI Report: Manufacturing Sector Witnessing Strongest Inflationary Pressures
The Purchasing Manager Index (PMI) of Stanbic IBTC Bank Plc for the month of April 2025 has shown that the manufacturing sector...
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160Nigeria Taps Additional $215m W’Bank Loan for Palliatives
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount...
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133Bullish Streak Extended at the Exchange as ASI Up 0.4%
EQUITIES The bulls continued to dominate the Nigerian equities market as buying interest in DANGCEM (+1.9%) and TRANSCOHOT (+8.6%) drove a 0.4%...
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154Nigeria Removed from List of Countries Indebted to IMF
International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement...
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112States to Earn More as Senate Okays New Sharing Formula for VAT, Retains 7.5%
The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected...
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170Bullish Sprint at the Exchange as ASI Up 0.5%
EQUITIES The Nigerian equities market extended its bullish run for the fourth consecutive session, buoyed by buying interest in banking stocks, including...
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108SEC Begins Tech Adoption Assessment for Capital Market Operators
The Securities and Exchange Commission (SEC) yesterday disclosed that it has begun the technology adoption assessment for registered capital market operators (CMOs)....
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90Local Bourse Sustains Bullish Momentum as ASI Up 1.6%
EQUITIES Bargain-hunting activities continued today in the Nigerian equities market, with ETI (+10.0%) and NESTLE (+10.0%) lifting the bourse. Consequently, the ASI...
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107Afreximbank to Fund African Energy Bank with $19b in Bid to Raise Oil Industry Capacity
The African Export Import Bank (Afreximbank) would be funding the African Energy Bank (AEB) to the tune of $19 billion to increase...
