BUSINESS & ECONOMY

BUSINESS & ECONOMY

Nigeria's Economy Witnesses Slow-Paced Growth
BUSINESS & ECONOMY COVER NEWSLETTER

Analysts yesterday urged the federal government to introduce policies to stimulate job creation to combat the rising poverty rate in the country. The analysts, while reacting to the ...
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Edo State Political Crisis
BUSINESS & ECONOMY COVER NEWSLETTER

Tinubu yesterday reiterated his call for the apex bank to slash interest rates so as to stimulate activities. Tinubu, in a paper he wrote titled: “The Case against ...
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Chike-Obi
BUSINESS & ECONOMY COVER NEWSLETTER

A former Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Mustapha Chike-Obi, has stated that Nigeria needs over $20 billion to avert economic instability. According to ...
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Jigawa State Discharges 32 Recovered COVID-19 Patients
BUSINESS & ECONOMY COVER NEWSLETTER

The federal government yesterday unveiled plans to restart the economy that has been paralysed for more than four weeks due to measures to combat the COVID-19 pandemic. It ...
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Naira
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian currency continues to depreciate at the forward market, amidst growing concerns that the Central Bank of Nigeria (CBN) might have to devalue the naira again. The ...
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Soludo
BUSINESS & ECONOMY COVER NEWSLETTER

A member of the Presidential Economic Advisory Council and former Governor of Central Bank of Nigeria (CBN), Professor Charles Soludo, yesterday called for a fundamental strategy to redesign ...
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Nigerian Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

Profit-taking in bellwethers such as Dangote Cement Plc, Nestle Nigeria Plc and some banking stocks halted the equities market’s further recovery last week. The market had jumped 7.19 ...
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CBN Reduces MPR
BUSINESS & ECONOMY COVER NEWSLETTER

The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria (CBN) have risen to $171.45 billion since the bank created ...
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NB Plc Announces N83 billion Revenue
BUSINESS & ECONOMY COVER NEWSLETTER

Nigerian Breweries Plc has announced a revenue of N83.2 billion for the first quarter (Q1) ended March 31, 2020, compared with N83.27 billion in the corresponding period of ...
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Nigeria's Inflation Rate
BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria’s headline inflation rate for March 2020 rose marginally by 0.06 percent points higher than the 12.20 percent rate recorded in February. The National Bureau of Statistics (NBS) ...
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NEPC
BUSINESS & ECONOMY COVER NEWSLETTER

Coronavirus pandemic is expected to cause significant hardship to the non-oil export sector, as Nigeria is projected to lose over $160 million to cocoa and cashew exports in ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian Stock Exchange (NSE) sustained bullish trend on Friday with the market capitalization rising further by N191 billion due to Nestle gain. Specifically, the market capitalization which ...
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Sanwo-Olu Unveils Regional Road
BUSINESS & ECONOMY COVER NEWSLETTER

Lagos State Governor, Mr. Babajide Sanwo-Olu, has expressed the intention of his administration to review the lockdown of the state, as part of measures to curb the spread ...
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Naira xchange Rate
BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria’s naira is expected to have little price swings in the coming weeks, as the Federal Government’s lockdown of Lagos and other parts of the country continues to aggravates ...
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FIRS
BUSINESS & ECONOMY COVER NEWSLETTER

Federal Inland Revenue Service (FIRS) yesterday revised its total collections for the first quarter (Q1) of 2020) from N1.11 trillion to N1.20 trillion, representing 15 percent increase or ...
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Naira xchange Rate
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian currency (naira) appreciated against the dollar by exchanging at N383 to the dollar, stronger than N385 posted at the last trading session. This was the first ...
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CBN Reduces MPR
BUSINESS & ECONOMY COVER NEWSLETTER

No fewer than 80,000 loan seekers have applied for the N50 billion Targeted Credit Facility introduced by the Central Bank of Nigeria (CBN) as a stimulus package to ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

The Central Bank of Nigeria has unveiled a three-year COVID-19 economic stimulus plan to guide the economy on the path of recovery. In a 27-paged document, Godwin Emefiele, ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

Fear of more companies delisting from the Nigerian Stock Exchange (NSE) has gripped some investors following moves by companies to exit the Exchange. A total of 77 companies ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER

Ten stockbroking firms facilitated the trading of N217.725 billion staked on 16.105 billon shares in the first quarter (Q1) of 2020 according to statistics obtained from the Nigerian ...
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