Negative sentiment persists on NGX as index dips by N621 billion
For the second consecutive session, the Nigerian Exchange Limited (NGX) closed on a downward note, yesterday, as virtually all the...
No respite for naira at parallel market, arbitrage widens to 15%
Naira could be facing a fresh crisis as official and black market arbitrage, which narrowed to near zero a week...
Inflation, high interest rates spike sales, rents by 40% in major cities
Nigeria’s housing market has recorded a spike of about 40 percent in the cost of leases and sales in the...
FRONTPAGE Analysts fault CBN’s new FX market management
Financial market analysts say they have found some fault lines in the Central Bank of Nigeria’s (CBN’s) management of the...
Nigeria can generate 427,000MW from solar – Gencos
Nigeria can generate about 427,000 megawatts of electricity from solar energy that comes from the sun, power generation companies have...
Naira Depreciation: Operators Lament As 6 Firms Lose N179.56bn
Six Consumer Goods Companies listed on the Nigerian Exchange (NGX) Limited have posted a total net loss of N179.561 billion...
As Businesses Groan Under Weight Of Naira Devaluation
The devaluation of the naira has significant impact on the operations of multinational companies operating in the country. The naira...
Analysts See More Demand For Oil In Q4
Oil and gas industry analysts have predicted more demand for oil as prices poised early on Monday to end July...
Nigeria loses N373bn as gas flaring rises 10 % in H1’23
Despite the Federal Government commitment to achieving zero flaring by 2060, on a year-on-year, YoY, basis, gas flaring increased by...
Agusto & Co: Remittance Flows into Nigeria to Hit $26bn by 2025
Agusto & Co has predicted that remittance flows into Nigeria would rise to about $26 billion by 2025, from $19.8...
FX pressure piles as dealers bid at ₦900/$
Foreign exchange pressure in Nigeria has piled up as some dealers have quoted a bid price of N900 per dollar....
Subsidy Removal: Average Petrol Pump Price Rose 210% YoY in June as Impact Bites Harder
As Nigerians continue to face the hardship occasioned by the withdrawal of the subsidy hitherto paid by the government, the...
NGX market cap gains N1.8tn in July
The market capitalization of the Nigerian Exchange Limited grew by N1.8tn in July following earnings and dividends declared by listed...
Currency in circulation hits N2.26tn, says CBN
Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central...
Global petrol price rises by 20%
The price of petrol may rise further as international market data gathered by The PUNCH revealed that the commodity has...
Naira depreciates to N768.6/$ in I&E window
The naira yesterday depreciated to N768.6 per dollar in the Investors and Exporters, I&E window. Data from FMDQ showed that...
Inflation may hit 25% by Q4, NECA warns FG
The Nigeria Employers Consultative Association has warned that the continuous rising of inflation, if not controlled can hit 25 percent...
Foreign inflows rise by 70 per cent in Q2
The recent fiscal and monetary changes have rekindled hope about the prospects of a brighter economic climate in the past...
Pension assets to close at N19trn in 2024 – Agusto & Co
Pan-African credit rating agency and research firm, Agusto & Co has predicted that the country’s pension assets under management (AUM)...
Amid FX Unification, PFAs Exposure in Stock Market Rose by 29.11% in H1
As the Nigerian stock market continued to rally over Central Bank of Nigeria (CBN) policies on foreign exchange, Pension Fund...
Naira will rally to N600/$ by year-end, investment bankers forecast
Investment bankers are optimistic naira would rally to between N550 and N600 to a dollar later in the year as...
Marketers link petrol price hike to naira devaluation, others
The recent increase in the cost of Premium Motor Spirit, commonly known as petrol, has been attributed by marketers to...
Naira appreciates, exchanges for 793.70/$
The naira appreciated against the United States dollar on the Investor & Exporter forex window on Wednesday, closing at 793.70/$....
FG to sanction trade associations over food price hike
The Federal Government, through the Federal Competition and Consumer Protection Commission, will begin to roll out sanctions against members of...
Naira recovers to N742/$
The naira rebounded yesterday to N742/$ in the Investors and Exporters (I&E) Window- official market. The rate represents N53/$ gain...
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