NGX Ends Week With N122bn Gain
The Nigerian Exchange Limited (NGX) closed the week with a N122bn gain amidst mixed trading sentiments as investors reacted to the release of corporate earnings results for the third quarter.
The All-Share Index climbed 0.33 per cent week-on-week to close...
Supreme Court Verdict and Naira's Resurgence
By Zekeri Idakwo
The Supreme Court’s judgement on Thursday had a positive impact on the Naira, which had been under pressure from inflation, insecurity, and foreign exchange scarcity. The Naira appreciated against the US dollar and other major currencies on...
Senate Passes Bill to Reduce CBN Governor’s Power
The Nigerian Senate has passed two bills for an Act to amend the Central Bank of Nigeria (CBN) Act and other related matters thereto, 2023, and an Act to amend the CBN (Establishment) Act 2007 to make...
Tinubu to Present 2024 Budget to N'Assembly in November - Senate
President Bola Tinubu will present the 2024 budget to the National Assembly in the next two weeks.
The President will also submit the supplementary budget for 2023 to the National Assembly for consideration.
The Chairman, Senate...
NEPZA Says Irregular Shipping Services, Others Threaten Manufactured Products
The Nigeria Export Processing Zones Authority (NEPZA), the agency in charge of licensing of these zones has said infrastructure deficit, legal disputes, failure to raise capital, insecurity and the general harsh economic environment are leading reasons...
Inflation Drives Money Supply to N66.4trn in 2023 - CBN
The Central Bank of Nigeria (CBN) data shows that Nigeria’s total money supply (M2) grew to N66.4 trillion, from N65.15 trillion recorded in August 2023 amid inflation concerns and naira devaluation.
This represents a 1.91 per...
