2018 Budget Under Pressure Owing To FG’s Revenue Shortfall There are indications that 2018 budget funding is still under pressure. This is due to the fact that the Federal Government has recorded huge shortfall in revenue collection against budget estimates. The finding was contained in a...

Market Capitalisation Drops By N73bn As 21 Stocks Lose The market capitalisation of listed equities fell by N73bn on Thursday as 21 stocks recorded price depreciation at the close of trading on the floor of the Nigerian Stock Exchange. The market capitalisation dropped to N11.961tn from...

Supply Troubles Hit Nigeria’s LPG Industry, Despite Huge Gas Reserves For the second quarter of 2018 alone, 165.71 million litres of Liquefied Petroleum Gas (LPG) were imported into the country, according to the National Bureau of Statistics (NBS). April recorded the highest volumes of LPG (otherwise...

2019 Polls: Foreign Investors Withdraw N435.41bn From Stock Market The nation’s stock market has shrunk in recent months following the exit of foreign investors as the 2019 general elections approach, FEYISAYO POPOOLA writes Foreign portfolio investors have pulled out billions of naira out of the Nigerian...

Stock Market Gains N65bn, Reverses Losses In line with some analysts’ expectations, the nation’s stock market experienced a rebound on Tuesday as the domestic equities market reversed some of its previous losses, gaining N65bn at the end of trading on the floor of the Nigerian...

How Economy Lost Single Digit Inflation Target The 18-month consecutive fall in inflation rate, had in the last two months, lost momentum in making more significant decline, as food prices, now coupled with assessed harvest failures, worsened outcome. Consequently, the nation’s inflation numbers returned to negative...