Latest News
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208Industry & MoneySociety of Engineers tasks DisCos on Transparency, Accountability
The Nigerian Society of Engineers (NSE) has called on electricity distribution companies to be transparent and accountable while implementing the new tariff,...
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159Foreign NewsTed Baker to Close 15 Stores and Cut 245 Jobs
High Street fashion chain Ted Baker is to close 15 UK stores and cut 245 jobs, administrators have said, according to BBC...
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144Banking & FinanceCentral Bank Prohibits Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria (CBN) has written to all banks in Nigeria to discontinue the use of foreign currencies as collateral...
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121Stock MarketShares slide as Exchange wobble continues
The continuous downturn at the Nigerian Stock Exchange threatens the much anticipated recovery. EQUITIESTrading activities in the domestic equities market kicked off...
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147Industry & MoneyNigeria to Get Oil-Backed $1b Afreximbank Loan in May
Nigeria is set to receive $1.05 billion from a syndicated loan backed by oil by the end of May to help revive...
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264Banking & FinanceCentral Bank Sells Dollar to BDCs at ₦1,101/$1
The Central Bank of Nigeria (CBN) has again crashed dollar to naira rate by announcing the sales of dollars to Bureau De...
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156Economy & MarketNigerian Exchange Group buys Stake in Ethiopia’s first-ever Securities Exchange
Nigerian Exchange Group Plc (NGX Group) has announced a significant investment in the Ethiopian Securities Exchange (ESX). The NGX Group, an integrated...
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119Industry & MoneyElectricity Tariff Hike: Effective Fiscal Savings Measure or More Pain for Nigerians?
Domestic Macroeceonomy: Electricity Tariff Hike Our focus for this week is on the FG’s decision (through the Nigerian Electricity Regulatory Commission –...
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140Economy & MarketEconomic and Market Report: Week Ended 05-04-2024
Global Economy According to the recently released data from Eurostat, headline inflation in the Euro area printed below market expectation (+2.6% y/y),...
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119Stock MarketMeasuring Parameters down at the Stock Exchange
The benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed gains...
