Monday, October 2, 2023
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CBN Must Spend $3bn Loan To Stabilise Economy – NEC

BUSINESS & ECONOMY
The National Economic Council confirmed on Thursday that the Federal Government's $3 billion emergency loan for crude oil secured in August would be used...

LIRS Tasks Business Organizations On Consumption Tax Compliance

BUSINESS & ECONOMY
The Lagos State Internal Revenue Service (LIRS) has urged owners of restaurants, hotels, and event centres operating in the state to contribute to the...

Naira Value Drops As Markets Fail To Meet Forex Pressure

CAPITAL MARKET
The Nigerian naira fell further as a result of a demand threat in foreign currency markets. Due to a foreign currency shortage in the...

Nigeria’s Strongest, Most Valuable Brands In 2023

BRAND WATCH
Brand valuation helps companies understand the value of their brand and how it contributes to the overall value of the company. This important understanding...

Debt Crisis: Stop Tax Waivers, IMF Warns Nigeria

BUSINESS & ECONOMY
To decrease fiscal deficits, the International Monetary Fund has recommended Nigeria and other Sub-Saharan African nations to focus on reducing tax breaks and increasing...

Prices Of Food Increase By 31%- NBS

BUSINESS & ECONOMY
Food costs in Ebonyi and Abia states increased by 31% in a year, from July 2022 to July 2023. This is according to an...

Microfinance Banks Pivotal to Fueling Economic Growth – Interswitch

BUSINESS & ECONOMY
Interswitch, one of Africa's leading integrated payments and digital commerce companies, has reaffirmed its dedication to promoting financial inclusion in Nigeria. It also emphasized...

NGX Equities Investors’ Wealth Falls By N242bn

BUSINESS & ECONOMY
The wealth of NGX equity investors fell by over N242 billion in the first trading session of the new week as profit-taking operations on...

ESEF 2023 To Gather A Broad Range Of Stakeholders For A Greener West Africa

BUSINESS & ECONOMY
The ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) is organizing the 8th edition of the ECOWAS Sustainable Energy Forum (ESEF) 2023, scheduled...

FGN Bond Yield Surges To 14.5%, DMO Makes N4.3trn

[ MAIN ]
The average yield on Federal Government of Nigeria (FGN) bond instruments increased slightly to 14.5% as a result of investors' portfolio reorganization in response...

NGX Stock Market Value Falls As Investors Sell OANDO, MTNN

[ MAIN ]
The market value of all stocks listed on the Nigerian Exchange (NGX) fell by more than N35 billion as some equity investors liquidated positions...

Stears Africa FX Monitor Predicts Continued Naira Volatility

BUSINESS & ECONOMY
Stears' recently launched Africa FX Monitor reveals that Nigerians should brace for continued downward pressure on Nigeria's FX rates. The Africa FX Monitor anticipates...
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