MPC maintains status quo at the end of the 2022 maiden meeting.
The maiden MPC meeting of the Central Bank of Nigeria, CBN, for 2022 ended yesterday, maintaining all parameters. This according to the CBN was geared towards supporting Economic Growth Given the peculiarity of Nigeria’s problem of fuel and diesel scarcity,... Read More →
Bears exude dominance over the Bulls as the NGX ASI declined by 0.33%, to close the week negative.
The Nigerian Equities Market The Bears dominated the Bulls for majority of the week as the NGX ASI declined by 0.33%, closing negative in 4 of the 5 trading sessions during the week. It decreased on the back of profit taking... Read More →
Fuel Scarcity Pushes Nigeria’s Inflation Upward to 15.7% in February 2022.
According to the consumer price index report, released by the National Bureau of Statistics (NBS). On Tuesday, Nigeria’s inflation rate changed direction in February as it rose 15.7% from 15.6% recorded in January 2022. This increase represents a 0.1% point... Read More →
2021 Financial Year: Zenith Bank Plc Reports a Profit After Tax of N244.5 Billion
Zenith Bank Plc recently on February 28, 2022, released its 2021 full-year audited financial statement, declaring profit after tax of N244.5 billion. This is a reflection of a 6.07% increase year on year on the bank’s financials. Interest expense moderation... Read More →