Economy - Page 2

NGX All-Share Index Falls Below 100,000 points After 0.80% Midweek Loss

April 17, 2024

By Dipo Olowookere The free-fall of the Nigerian Exchange (NGX) Limited depleted the All-Share Index (ASI) below 100,000 points on Wednesday after it closed

Economy

Food Inflation Slowing Down—Wale Edun

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said Nigeria’s food inflation has started easing

Economy

Shareholders Approve Afriland Properties N343.5m Dividend Payout

April 16, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale A dividend payout of N343.5 million has been approved by shareholders of Afriland Properties Plc at the company’s 11th Annual General

Economy

Fidelity Bank Shareholders to Get 70% Rise in FY 2023 Dividend Payout

April 16, 2024

Dipo Olowookere

By Dipo Olowookere Fidelity Bank shareholders will receive a final dividend of 60 Kobo per share if approved at the next Annual General Meeting

Economy

Tax Incentives: FG to Give Clarity on Revised IDEC Process April 23

April 16, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The federal government has invited manufacturers, importers, MDAs, NGOs and all other key industry stakeholders to a meeting to provide clarity

Economy

NASD Unlisted Security Index Sheds 0.04% to 1,028.33 Points

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week (Monday, April 15) with a 0.04 per cent decline amid cautious trading

Economy

Naira Now N1,136/$1 Amid Persistent Inflationary Pressures

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated further against the United States Dollar by 0.6 per cent or N6.34 at the Nigerian Autonomous Foreign Exchange

Economy

Oil Prices Slip as Iran Attack on Israel Concerns Ease

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices slipped on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of

Economy

Nigerian Stocks Bearish for 13th Straight Sessions Amid Panic Selling

April 16, 2024

Dipo Olowookere

By Dipo Olowookere The absence of a positive trigger has kept the Nigerian Exchange (NGX) Limited in the negative territory for the 13th consecutive

Economy

Nigeria Now Paying More for Petrol Subsidy Than Before—El-Rufai

April 15, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The immediate past Governor of Kaduna State, Mr Nasir El-Rufai, has claimed that the federal government under the leadership of President

Economy

Nigeria Grows Oil Reserves to 37.50bn Barrels in Six Months

April 15, 2024

Adedapo Adesanya

By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the nation’s oil reserves as of January 1, 2024, stood at 37.50

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