Finance & Economy
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Investors Gained N141.89bn as NGXASI Advanced by 0.26%; BDC Rate Depreciated to N1,498/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian bourse opened the trading week on a positive note, rebounding from Friday’s…
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What to Expect from the Markets this Week – 270524
Economy CBN MPC Raises MPR by 150bps to 26.25% In its most recent meeting on May 21, 2024, the Central…
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CBN MPC Raises MPR to 26.25%: Hawkishness Persists as Inflation Fears Wax Stronger
In its most recent meeting on May 21, 2024, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) continued…
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Federal High Court seizes $4.72m, N830.88m, multibillion properties linked to former CBN Governor, Godwin Emefiele
Justice Yellim Bogoro made the order on Thursday, following an ex-parte argued by the Economic and Financial Crimes Commission (EFCC)…
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CBN Raises MPR by 150 basis points to 26.25% from 24.75%, Retains others
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has CBN raised MPR by 150 basis points…
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Soaring debt and deficits causing worry about threats to the economy and markets
Key Points The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in…
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Currency in Circulation Rises 130% Y-o-Y, Reaching an All-Time High of N3.87trn in March 2024
As of March 2024, the Central Bank of Nigeria (CBN) statistics revealed significant changes in the country’s money supply. Currency…
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NDIC’s N5M Deposit Insurance Protection: Matters Arising
One thing that differentiates a country’s regulated financial operations from their informal or unregistered counterparts is the guarantee of funds…
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CBN Kickstarts Strategy To Double Forex Remittances
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle…
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Nigeria’s Headline Inflation Increased by 33.69%YoY in April 2024
as Food Inflation Rises by 40.53% The headline inflation rate in April 2024 increased to 33.69%, up from 33.20% in…
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