Finance & Economy
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Financial Markets this Week – 220724
Economy Nigeria CPI for June 2024 The National Bureau of Statistics (NBS) on Monday, July 15, 2024, revealed that Nigeria’s…
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Average FX turnover grew by 180% in one year – CBN
Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent…
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CBN Commence the Sales of FX to BDCs to Meet Market Demand
he Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDC)…
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Investors Gained N262.82bn as NGXASI Advanced by 0.47%; BDC Rate Depreciated to N1,615/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The bulls resurfaced in the Nigerian equities market on Thursday, following Wednesday’s loss,…
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Nigeria imposes income tax on forex gains of banks
i The Federal Government of Nigeria is seeking to tax the realised profits from all foreign exchange transactions of banks…
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Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends
Summary Chips tumble on China trade worries Dow extends string of all-time closing highs Russell 2000 snaps five-day winning…
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FG’s policies crippling businesses — NECA, MAN, NACCIMA
— The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce…
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IMF Slashes Nigeria’s Economic Growth Forecast To 3.1%
The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The…
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Investors Gained N62.03bn as NGXASI Advanced by 0.11%; BDC Rate Depreciated to N1,565/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities On Tuesday, the Nigerian equities market closed on a bullish note, surpassing the…
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Federal, State, Local Gov’ts Share N1.354trn Revenue For July
A total of N1.354 trillion in revenue from the June 2024 federation account has been allocated to the federal government,…
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