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Tuesday, March 19, 2019

On Forex,CBN Spends $11bn This Year

On Forex,CBN Spends $11bn This Year The Central Bank of Nigeria (CBN) has spent $11bn in foreign exchange interventions in the various segments of the...

Nigeria’s export earnings up by 2.8%.

Nigeria’s export earnings up by 2.8%. Africa’s largest economy, Nigeria is said to have earned $16.2 billion, a 2.8% increase in export earnings in the...

Non-performing Banks’ Loan Rise To N2.24trn

Non-performing Banks' Loan Rise To N2.24trn Nigerian bank’s non-performing loans stood at N2.245tn as of the end of September 2018, according to the National Bureau...

IATA Predicts N109.3bn Loss For Nigeria, Other African Carriers In 2019

IATA Predicts N109.3bn Loss For Nigeria, Other African Carriers In 2019 The International Air Transport Association (IATA) has predicted that Nigeria and other African countries...

NSE: Manufacturing, Oil Firms Boost Market Performance By N43.82bn

NSE: Manufacturing, Oil Firms Boost Market Performance By N43.82bn Manufacturing and oil companies boosted market performance on Tuesday as the market capitalisation of equities listed...
NBS National Bureau of Statistics

Q3 2018 Capital Importation Value Stood at $2.855bn

Q3 2018 Capital Importation Value Stood at $2.855bn The total value of capital importation into Nigeria stood at $2,855.21 million in the third quarter of...
NBS National Bureau of Statistics

Non-Oil Sector Boosts GDP Rise To 1.81% In Q3

Non-Oil Sector Boosts GDP Rise To 1.81% In Q3 Nigeria’s Gross Domestic Product (GDP) growth rate increased to 1.81% (year-on-year) in real terms in the...

GDP growth to sustain upward trend into Q4’18, Q1’19

GDP growth to sustain upward trend into Q4’18, Q1’19 Despite the persisting electioneering tension in Nigeria, the Gross Domestic Product, GDP, growth will be sustained...

Report Forecasts Growth For Nigeria, Others In 2019

Report Forecasts Growth For Nigeria, Others In 2019 A recent report by the African Development Bank (AfDB) has predicted growth in 2019 for African economies. According...
cbn

FG records 38.4% Revenue Shortfall in October – CBN

FG records 38.4% Revenue Shortfall in October – CBN The Federal Government’s collected revenue fell by 38.4 per cent in October, and it recorded a...
cbn

As Interbank Market Gets $541m, Reserves Rebound To N42bn

As Interbank Market Gets $541m, Reserves Rebound To N42bn   The nation’s foreign exchange reserves, at the weekend, halted a four-month decline, adding $477 million, accumulated...
FG

FG Records N1.1tn 8months Deficit In 2018 Budget

FG Records N1.1tn 8months Deficit In 2018 Budget   Between January and August, the Federal Government recorded a fiscal deficit of N1.14tn in its operations, figures...

Yobe Proposes N91.6bn Budget For 2019 Fiscal Year

Yobe Proposes N91.6bn Budget For 2019 Fiscal Year   Yobe State Governor, Ibrahim Gaidam, has announced N91,647,597,000 as the total amount of money projected to be...

Banks Investments Decline Due To Tumbled Stocks

Banks Investments Decline Due To Tumbled Stocks   Investment in the banks listed on the Nigerian Stock Exchange declined on Monday as the shares tumbled by...

Incessant Sell-offs Drag Market Index 1.18% Lower

Incessant Sell-offs Drag Market Index 1.18% Lower   Persistent sell-offs witnessed in the nation’s stock market last week dragged the All-Share Index lower by 1.18 per...

Zenith Bank Trades Off N14.5bn Shares In A Day

Zenith Bank Trades Off N14.5bn Shares In A Day   Speculations of a possible entry of a new investor, big enough to acquire a seat on...

In October, Inflation Slightly Drops To 11.26% – NBS

In October, Inflation Slightly Drops To 11.26% – NBS   The consumer price index which measures inflation decreased by 11.26% (year-on-year) in October2018, the National Bureau...

NDIC’s Premium Contribution Pool Exceeds N1tr

NDIC’s Premium Contribution Pool Exceeds N1tr   Premium contributions by insured financial institutions in the country, under the supervision of the Nigeria Deposit Insurance Corporation (NDIC)...
cbn

Federally Collected Revenue Rose By 8.9% In Q3 – CBN

Federally Collected Revenue Rose By 8.9% In Q3 - CBN   The nation’s federally collected revenue for the third quarter of this year rose by 8.9%...

Constant Revenue Shortfall Affects Nigeria

Constant Revenue Shortfall Affects Nigeria   Nigeria’s debt profile, expectedly, would notch up by $2.93 billion by the end of this week, with a mix of...