NGX Gains N459bn as Transcorp, Dangote Sugar Rally
NGX Gains N459bn as Transcorp, Dangote Sugar Rally With an impressive from the beginning of the year to date, the Nigerian Exchange (NGX) has become a money making machine for…
FX Rates: CBN Says No Plan to Sell US Dollars to BDCs
FX Rates: CBN Says No Plan to Sell US Dollars to BDCs The Central Bank of Nigeria (CBN) said there is no plan to commence weekly foreign currency sales to…
Analysts Cut Oil Production Estimate After Uninspiring Q2 Figure
Analysts Cut Oil Production Estimate After Uninspiring Q2 Figure Analysts have lowered their oil production expectation for the third quarter of 2023 to 1.3 million barrels per day (mbpd), citing…
Banks Lending Appetites Reduce as Stage 2 Loans Spike
Banks Lending Appetites Reduce as Stage 2 Loans Spike Tracking below 65% loan-to-deposit ratio targets, Nigeria’s big banks’ loan appetite moderated in the first quarter of 2023, and analysts believe…
Weak Macro Tempers Real Estate Market Performance
Weak Macro Tempers Real Estate Market Performance Real estate services surged by 1.87% in the second quarter of 2023 amidst uncertainties, and declining occupancy rates in key areas in major…
Producers GDP Shrinks 15% over Inflation, Interest, FX Hurdle
Producers GDP Shrinks 15% over Inflation, Interest, FX Hurdle Nigeria’s large buckets of uncertainties stoked pressures on the productive segment of the economy in the second quarter of 2023, according…
Naira Crashes as FX Demand Overruns Supply
Naira Crashes as FX Demand Overruns Supply After a show of strength across the foreign exchange (FX) market last week, the Nigerian naira has crashed amidst declining inflows of the…
Inflation: Progress and the Path Ahead –Speech by Powell
Inflation: Progress and the Path Ahead –Speech by Powell It is the Fed’s job to bring inflation down to our 2 per cent goal, and we will do so. We…
Nigeria Endorses Commonwealth Roadmap on Fast-Tracking Gender Equality
Nigeria Endorses Commonwealth Roadmap on Fast-Tracking Gender Equality Women’s affairs ministers from Commonwealth countries, including representatives from Nigeria, have committed to a roadmap yesterday, designed to scale up efforts to…
Tribunal Reserves Judgment In Sokoto Governorship Tussle
The Sokoto Governorship Election Petition Tribunal has reserved judgment in the petition filed by Sa’idu Umar of Peoples Democratic Party (PDP) against Governor Ahmad Aliyu and his Deputy, Idris Gobir.…