Stock Market Sheds N812bn In May
The rally witnessed in the equities market in April was halted in May as rising yields in the fixed income securities market reduced demand by investors.
Owing to this, the market, which gained N418 billion in April, depreciated further by...
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...
Economy sustains recovery with 0.51% GDP growth in Q1
Nigeria’s economy appears to be on sustained recovery from recession as the Gross Domestic Product (GDP) grew by 0.51% (year-on-year) in real terms in the first quarter of 2021 (Q1’21). This marks two consecutive quarters of...
CBN’s MPC Members In Policy Dilemma Over Growth, Inflation
The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have indicated that the apex bank’s meeting in March was largely concerned with the twin problem of growth stimulation of economic...
Nigerians Displeased With Inflation Control Measures - CBN
In what could be interpreted as an admission of its shortcomings and self-indictment, the Central Bank of Nigeria (CBN) has admitted that Nigerians are displeased with the management of the country’s inflation.
Experts had balked at efforts taken...
CBN Battles Recession, Raises COVID-19 Facility To N300bn
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...
