Latest News
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80Economy & MarketEconomic 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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154Economy & MarketCBN 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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130Local NewsDiscos May Shoulder Power Transmission Repair Cost –NERC
The Nigerian Electricity Regulatory Commission has said that power distribution companies may begin to bear the cost of equipment used to repair...
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175Industry & MoneyFG to Raise VAT on Luxury Goods to 15%
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the federal government would impose 15 percent...
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197Business NewsDebt Servicing Hindering Nigeria’s Socioeconomic Development –IMF
The International Monetary Fund has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical...
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221Industry & MoneyFG Targets Doubling of 37b Barrels Oil Reserves with Improved Exploration
The federal government yesterday said that for over 12 years, Nigeria had not done much oil exploration but noted that with the...
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218Banking & FinanceCBN: 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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156Stock MarketBulls 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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246Money MarketStocks 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...
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190Economy & MarketForex Crisis Stalls Nigeria’s Participation in $3.4tr AFCFTA –Exporters
Four months after Nigeria flagged off its participation in the African Continental Free Trade Area under the Guided Trade Initiative, Nigerian exporters...
