Economy - Page 3

Unity Bank, FBN Holdings, Others Tumble Customs Street by 0.31%

April 20, 2024

By Dipo Olowookere The Nigerian stock market further depreciated by 0.31 per cent on Friday on the back of persistent selling pressure, especially in

Economy

Oando to Sponsor 2024 African Energy Week

April 17, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka A Nigerian energy firm, Oando Plc, has been announced as a diamond sponsor of the 2024 African Energy Week (AEW) slated

Economy

IMF Forecasts 3.3% GDP Growth, 23.6% Inflation for Nigeria in 2024

April 17, 2024

Adedapo Adesanya

By Adedapo Adesanya The International Monetary Fund (IMF) has raised Nigeria’s 2024 economic growth forecast from the 3 per cent it had previously estimated

Economy

Nigeria Pleads for More Concessional Debt to Ease FX Pressures

April 17, 2024

Adedapo Adesanya

By Adedapo Adesanya The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has called for more concessional debt, saying such

Economy

FCCPC Vows to Deal With Traders Inflating Commodity Prices

April 17, 2024

Adedapo Adesanya

By Adedapo Adesanya The federal government, through its agency, the Federal Competition and Consumer Protection Commission (FCCPC), has vowed to take stringent regulatory measures

Economy

NASD OTC Bourse Remains in Red Zone After 0.02% Loss

April 17, 2024

Adedapo Adesanya

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded yet another marginal drop, this time by 0.02 per cent on Tuesday, April 16,

Economy

Naira Weakens 1.07% to N1,148/$1 as Nigeria’s FX Reserves Dip

April 17, 2024

Adedapo Adesanya

By Adedapo Adesanya The Nigerian Naira recorded its first loss against the Dollar in a while in the Nigerian Autonomous Foreign Exchange Market (NAFEM)

Economy

Oil Marginally Down as Economic Worries Outweigh Mideast Supply Fears

April 17, 2024

Adedapo Adesanya

By Adedapo Adesanya The prices of the oil futures were marginally down on Tuesday after economic headwinds pressured investor sentiment, curbing gains from geopolitical

Economy

Stock Investors Lose N599bn as Profit-Taking Intensifies

April 17, 2024

Dipo Olowookere

By Dipo Olowookere For the 14th trading session, the Nigerian Exchange (NGX) Limited closed in the red zone after it depreciated by 1.04 per

Economy

Dangote Crashes Diesel Pump Price to N1,000 Per Litre

April 16, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The pump price of Automotive Gas Oil (AGO), otherwise known as diesel, has been brought down to N1,000 per litre, thanks

Economy

Stanbic IBTC Capital Facilitates Axxela’s N16.4bn 10-Year Bond Sales

April 16, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale The investment banking subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Capital, has used its expertise in the Nigerian capital market to

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