Report Says "CBN Recorded $40.9bn Forex Inflow In 9months"   Between January and September last year, a total foreign exchange inflow of $40.93bn was recorded by the Central Bank of Nigeria. The inflow of $40.93bn, when compared with the $27.95bn recorded in the first nine months of...

Stock Market Sheds N102bn, Ends Gaining Streak The nation’s stock market reversed its gaining streak on Monday on the back of weaker tech, industrial and oil and gas stocks. Sell-offs in the stocks sent the equity benchmarks lower, with losses amounting to N102bn. The market, which gained...

IMF Predicts Slower Economic Growth In 2019, As GDP Drops To 2% Against the backdrop of the recent drop in global crude oil prices, the International Monetary Fund said on Monday that Nigeria’s economy would expand more slowly in 2019 than previously predicted. The IMF, in...

Oil Licencing: As Angola, Others Move Ahead, Nigeria Trails Behind While many oil-producing countries, including Angola and Norway, are extending efforts to ramp up their production and reserves, Nigeria has failed to hold any oil licensing rounds since 2007 Stakeholders in the nation’s oil and gas...

Investors Profit N120.5bn As Stocks Rise Up Investors in the nation’s stock market gained N120.5bn on Wednesday as the market sustained its bullish run for five consecutive days. The market capitalisation of equities listed on the Nigerian Stock Exchange increased from N11.238tn on Tuesday to N11.359tn...

In December, FSDH Anticipates Inflation Rising To 11.28% The FSDH Research expects the December 2018 inflation rate (year-on-year) to rise to 11.69 per cent from 11.28 per cent recorded in November. In the research by the FSDH Merchant Bank Limited on ‘A spike in inflation rate...