Equity Market Investors Lose As Sell-offs Continue Midweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors. This is also the third day of consecutive bearish trading on the exchange, which has resulted in a combined loss of N1.54tn. Wednesday’s bearish...

1,068 Approved Oil Projects To Attract $22.8bn Investments – FG   About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. It disclosed this during a...

Naira Appreciates to 1,609/$ at Official Market The naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day. This indicates an increase of N6 or 0.37 per cent. The slight improvement came on the heels...

UPDATE: Why we Jerked up Interest Rate - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has said that the hike in interest rates is a response to the current inflationary pressures and the need to stabilise the Naira. Mr Cardoso made the clarification...

UPDATE: Why we Jerked up Interest Rate - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has said that the hike in interest rates is a response to the current inflationary pressures and the need to stabilise the Naira. Mr Cardoso made the clarification...

Interest Rate Hike: Equities Market Losses N773bn The domestic equities market, yesterday, extended losses from the previous session by N773 billion, as investors reacted to the outcome of the Monetary Policy Committee (MPC) meeting. The Nigeria’s apex bank has increased the country’s nominal risk-free rate by...