Finance & Economy
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CBN MPC Decision: Strong Growth Headwinds Ahead, as Monetary Policy Tightness Expected to Persist
In its last meeting on May 21, 2024, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) raised the…
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Wall St closes higher as investors return to megacap stocks
Summary Companies Nvidia jumps on report of new AI chip for China market Mattel soars after Reuters reports buyer interest…
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FIRS gets additional 170,000 taxpayers into tax net
The Federal Inland Revenue Service (FIRS) was able to get additional 170, 000 Nigerians into the tax net in the…
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Nigeria’s June 2024 Inflation Rate Rises to 34.19% as Monetary Policy Measures Prove Muted
“…hunger no longer walks with threadbare clothes…it walks naked” – Analysts This commentary considers: Key Highlights from the June 2024…
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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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