Naira Mutual Funds Soar 140% Amid Shift Toward Local Currency Investments
Naira-denominated mutual funds have recorded a sharp surge of about 140% over the past year, as investors increasingly pivot toward local currency assets in what analysts describe as a growing vote of confidence in...
Gas Production Declines Despite FG’s N250bn Intervention Fund to 15 Companies - Report
The Energy Institute report has revealed that the production of natural gas fell last year despite an N250bn intervention fund provided to fifteen companies.
According to the industry report in partnership with KPMG,...
'Inflation to Hit 30% by December'
KPMG forecasts that Nigeria’s headline inflation will rise to 30 percent by December 2023, attributing the anticipated increase to recent reforms, such as fuel subsidy removal, and the unification of the foreign exchange market.
The insights were shared in KPMG’s...
Profile of 57th ICAN President, Comfort Eyitayo
The Institute of Chartered Accountants of Nigeria (ICAN) has elected Mrs Comfort Olu Eyitayo mni, CFA, FCA as its 57th President.
She will pilot the affairs of the Institute for the next one year. Her investiture took place on...
Should Senate Tackle Customs for Rice Seizure?, by Zubaida Baba Ibrahim
Despite being Africa’s highest producer of rice, Nigeria spent an average of $4.2bn on its importation. These statistics were the basis on which the ban on rice importation was implemented in 2019.
The importation ban...
