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...
Investors Gain N150bn As Nigerian Stocks Cut Losses
Investors gained N150bn at the close of trading on the Nigerian Exchange Limited last week as stocks pared their losses.
The NGX All-Share Index and market capitalisation appreciated by 0.72 per cent to close the week at 39,481.89...
Despite Buhari’s Forex Ban, Food Imports Gulps $1.24bn
Food products imports gobbled up $1.24bn of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the ban directive from President Muhammadu Buhari.
The foreign exchange used for the importation...
Trade Deficit Increases To $2.51bn After Border Reopening
Nigeria’s exports declined while imports increased in January despite the opening of the land borders.
Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the reopening of the...
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...
