TOP STORIES YOU MAY HAVE MISSED FROM LAST WEEK
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Date21 Aug 2023
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CBN UNVEILS FX PRICE VERIFICATION SYSTEM PORTAL The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to forex. The apex bank in a statement from its Trade and Exchange Department... Read More →
CBN Raises MPR to 18.75%, for the 4th Time in 2023.
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Date26 Jul 2023
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria, #CNB has voted to raise the benchmark #interest rate, the Monetary Policy Rate (MPR), by 25 basis points to 18.75% from 18.5%. A move the committee considered necessary and... Read More →
Unilever Plc Exhibited Negative Performance In Q’2 2023, PAT Down -85.47%
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Date25 Jul 2023
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As rising #inflation, interest rates, and the cost of doing #business, continue to threaten businesses in #Nigeria, #Africa, and around the world, #Unilever Plc could not protect itself from the attendant negative impact of these exogenous factors. In its financial... Read More →
Nigerian Bourse Gains N1.33 Trillion to End the Week Bullish
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Date24 Jul 2023
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The Nigerian equities market last week recorded a bullish performance as the value of listed stocks appreciated by 3.89% (N1.33 trillion). The NGX All-share Index & Market Capitalization appreciated by 3.94% and 3.89% to close at 65,033.39 points and N35.40... Read More →
The Nigerian Equities Market Pointed Northwards on Thursday as Investors injected over N94.47 billion into stocks.
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Date20 Jul 2023
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Nigerian Equities Market pointed northwards on Thursday as investors injected over N94.47 billion into stocks, (UBA N13.306 billion). The NGX All-Share Index appreciated by 0.27% to close at N63,930.72 from 63,757.23 points. The bullish outing was driven by bargain-hunting in... Read More →
Investment Strategy Report for Half Year 2023
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Date19 Jul 2023
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It has been an eventful first half of 2023 for the global and local markets, with concerns ranging from bank failures in the U.S. and in Switzerland, rising inflation in major economies, and the war in Ukraine taking center stage.... Read More →
Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23
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Date18 Jul 2023
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Headline Inflation Rising prices of food items, occasioned by petrol subsidy removal, among others, have driven the rate of inflation to an all-time high, 22.79% compared with 22.41% in May’23. According to the latest Consumer Price Index (CPI), report by... Read More →
US Inflation Down to 3% in June 2023
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Date12 Jul 2023
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The Federal Reserve may likely pause rate hikes as #inflation continue to ease. The prices of #US goods and services hit a two-year low in June, a sign that inflation is continuing to ease as the economy responds to the... Read More →
Top Stories You May Have Missed from Last Week
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Date10 Jul 2023
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FG to shut down online banks pestering debtors The Federal Government, last week announced plans to delist any #loan application company that continues to harass or threaten its customers. This move was made known by the Federal Competition and Consumer... Read More →
Like the Biblical Dry Bone, Nigeria’s Capital inflow can Rise Again if…
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Date10 Jul 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
According to the #Nigeria Bureau of Statistics (NBS), the total #capital importation into Nigeria in Q1 2023 stood at $1,132.65 billion, a 28% decrease compared to $1,573.14 billion recorded in Q1 2022. When compared to the preceding quarter, the nation’s... Read More →