FSDH Predicts Equities Rebound, Higher Bond Yields

FSDH Research says it expects the country’s equities market to perform better in the second quarter of this year following past trends cum historical data. The market had recorded the second [...]

‘Only Five Million Vehicles on NIID Have Genuine Papers’

Only a paltry five million vehicles with genuine insurance policies captured on the Nigeria Insurance Industry Database (NIID) have legitimate insured vehicles in Nigeria. The development shows [...]

‘FG Targets Seven Per Cent Growth’

The Federal Government is targeting an ambitious seven per cent economic growth by 2020, against a mere 0.8 per cent achieved in 2017, the Minister of Budget and National Planning, Udoma Udo [...]

IMF Worried About Nigeria’s Ability to Service External Loans

The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9Billion, given its mono-product economy status and low [...]

STOCK MARKET REPORT FOR APRIL 20TH, 2018

A total turnover of 3.008 billion shares worth N30.296 Billion in 24,036 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.415 billion shares [...]

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CBN Injects Fresh $210m into Forex Market

The Central Bank of Nigeria has intervened with another sum of $210M in the Foreign Exchange market to meet the requests of customers, as the regulator continues its efforts to maintain a stable [...]

FG Reiterates MSMEs’ Importance to National Economy

The Federal Government has pledged its continued support for the Micro, Small and Medium Enterprises (MSMEs) sector because of its significant contribution to the national economy. The Vice [...]

World Bank Knocks Nigeria, Others for Rising Debts

While releasing ‘Africa’s Pulse’, a biannual analysis of African Economies in Washington on Wednesday, the World Bank’s Chief Economist Africa, Albert Zeufack; Lead Economist, Africa, Punam [...]

Nigeria’s Brent Crude Crosses $72 Mark, Production Hits 1.81mbpd

Nigeria’s Bonny Light Crude Oil price touched its highest since 2014 at the weekend, supported by Organisation of the Petroleum Exporting Countries (OPEC) led production cuts, and likelihood of [...]

Experts Say CBN’s 2018 Single-Digit Inflation Rate Target Not Feasible

Two financial experts on Monday, 16th of April, 2018 said that the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) would not be feasible, due to the downside risks [...]