According to Johnson Chukwu, the Chief Executive Officer of Cowry Asset Management Limited, Nigeria needs to prioritise increasing crude production and tackling insecurity in the Niger Delta to ensure refineries get Feedstock.
Investors Dump Equities Amid Anxieties Over CBN’s Rate Call
Nigerian equities closed at the weekend with a net loss of N604 billion as anxieties over the likely decisions of the Central Bank of Nigeria (CBN) on benchmark interest rate and other monetary policy tools fuelled...
'Foreign Investors’ Trapped $2bn Dragging Down External Reserves'
The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of foreign exchange scarcity is putting downward pressure on the country’s external reserves.
The International Monetary Fund had in February...
Six Lending Banks Boost Economy With N1.3trn Credit In 2020
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...
Naira Plunges To 475 As Dollar Demand Rises
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback.
The local currency, which has come under pressure in recent days, fell...
