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Stocks Gain N517bn in One Day, 60 Firms Soar

The Nigerian stock market appreciated by N517bn on Wednesday as the Nigerian Stock Exchange All- Share Index gained 3.6 per cent to settle at 41.816.11 basis points. A total of 60 stocks [...]


The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018. This is contained in World Bank’s January 2018 Global Economic Prospect report launched on [...]


Nigeria Spends 34% of Revenue on Debt Servicing – DMO

Nigeria spends 34 per cent of its revenues on debt servicing, the Debt Management Office has said. In a clarification on the country’s debt status entitled: ‘Nigeria’s Public Debt – Some [...]


Oil Rises Above $68, Highest Since May 2015

Global Oil benchmark, Brent crude, extended its gains on Tuesday, trading near $69 per barrel on the back of production cuts led by the Organisation of Petroleum Exporting Countries and [...]


External Reserves Hit Four-Year High at $40.4bn – CBN

The Nation’s external reserves have hit a new level of $40.4Bn, the Central Bank of Nigeria has stated. The last time the Foreign Reserves hit the $40Bn mark was January 2014, about five months [...]


NSE Begins Direct Flow of Information to Stock Market

The Nigerian Stock Exchange ( NSE ) has launched the auto-flow mechanism in its trading engine. This allows companies to send their corporate earnings’ reports and other information directly to [...]


Banks Begin Disbursement of N26.4 Billion to Small Businesses

The Deposit Money Banks have begun the disbursement of the more than N26 Billion enterprise development intervention fund under the Agriculture and Small and Medium Enterprises Investment Scheme [...]


FG Makes N909bn from VAT in One Year

Between October 2016 and September 2017, the Federation Account received a total inflow of N908.9Bn in Value Added Tax receipts from the Federal Inland Revenue Service, figures obtained from the [...]


Naira to Hit 360/Dollar at Investors’ Forex Market

The Naira is expected to firm slightly to 360 per Dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window this week as trading picks up after the Christmas and New [...]

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