Markets
Naira exchanges for 475/$ as forex scarcity persists
The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued...
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Adjusting for the Times: An Analysis of Nigeria’s Revised 2020 Fiscal Budget – Agusto & Co. MACRO REPORT
A season of gloomy forecasts The Covid-19 pandemic has dealt a huge blow to the global economy. What is fundamentally...
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FG dumps National Identity Card
The Federal Government on Thursday announced an imminent plan to replace the current plastic national identity card with a more...
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Bulls sustain dominance as indices appreciated further by N50 billion
The bulls maintained dominance on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks join the...
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Nigeria’s oil exports threatened as US floods European market
The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes,...
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Banks’ total assets rise to N47.82tn
The total assets of the banking sector rose to N47.82tn as of the end of June. A member of the...
Read moreBellwethers push investors’ fortunes by N134 billion
The Nigerian equities market closed upbeat yesterday, occasioned by gains in most blue-chip stocks, as investors gained N134 billion. Yesterday,...
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Olubunmi: Effective Credit Risk Management Key to Impaired Loans’ Reduction
The Head, Financial Institutions Ratings, Agusto & Co, Ayokunle Olubunmi, spoke to Goddy Egene on the state of the Nigerian...
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Senate urges FAAN to sanitise airports, okays safety protocols
Ahead of the resumption of international flight operations in Nigeria, the Senate has stressed the need for the government and...
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NIPOST vs FIRS: Reps intervene, condemn stamp duty battle
House of Representatives waded in to the crisis between the Nigerian Postal Service and the Federal Inland Revenue Service over...
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Federal Government to auction N150bn bonds next week
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on August 19....
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Petrol imports tumble 72.65% as COVID-19 hits demand
Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported...
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Pandemic stalling Ajaokuta Steel revival efforts, says FG
Although the Senate last month, expressed its readiness to work with the executive arm in reviving the Ajaokuta Steel Company...
Read moreRenewed profit-taking drag index by 0.06 per cent
Renewed profit-taking in the shares of some blue-chip companies, especially Champion Breweries and Honeywell Flour Mill dragged the All-share Index...
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Nigeria exported $4.47bn crude, FAAC got N1.83tn —NNPC
It wasn’t that long ago when much of the global elite had conclusively decided that climate change was our world’s...
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NSE All-Share Index Gains 1.4%, Market Sustains Positive Momentum
The stock sustained its positive momentum last week closing with higher index and market turnover. The Nigerian Stock Exchange (NSE)...
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CBN to unify exchange rates, pegs naira at 379/$
The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361...
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‘Oil prices may break $50 in 2021’
Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS...
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COVID-19, VAT increase, naira devaluation spur rise in prices of consumables
The negative impact of Coronavirus pandemic has not only been felt across sectors in Nigeria, the consequence of the lockdown...
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Buhari Signs Companies and Allied Matters Bill
President Muhammadu Buhari yesterday in Abuja signed the Companies and Allied Matters Bill, 2020 passed by the National Assembly into...
Read moreInvestors’ wealth appreciates by N86b in four days
Trading on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday as more blue chip stocks appreciated in price,...
Read moreNigerians spent N2.37tn on petrol in 13 months – NNPC
In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released...
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Oil industry players axe capital budgets
The devastating effects of the coronavirus have taken a terrific toll on many local and international firms with their financials...
Read moreStock market advances with N40bn gain
The bulls maintained its grip on the market activities following gains recorded majorly by blue chip stocks as investors positioned...
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‘Why Shoprite is quitting Nigeria’s retail market’
While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many...
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