Finance & Economy
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The Naira Redesign – A Master Stroke or an Exercise in Futility?
The Central Bank of Nigeria (CBN), on 25 October 2022, announced that it would redesign the four higher value notes…
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African Development Bank Invests $20m in Private Equity Fund Targeting Renewable Energy Projects in Sub-Saharan Africa
The Bank’s support will contribute to an additional 2,162MW of installed renewable power generation capacity The Board of Directors of…
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Investors Lose N19.46bn as NGXASI Declines by 0.08%; Overnight Rate Closed Flat at 16.50%; BDC Appreciates to 790
. EQUITIES MARKET 1.1 NGX – Listed Equities Nigerian Equities Market closed negative as the key market indicator declined by 35.72bps amid negative market…
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NCP okays governance framework for $3bn hydropower plant in Benue
The National Council on Privatisation (NCP) has approved a governance framework for the development of a $3 billion hydropower plant…
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States to get $1bn grant from World Bank Dec – Zainab
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said states will soon get $1 billion as…
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Currency in Circulation Increased MoM by 0.56% toN3.23trn in September 2022
The Central Bank of Nigeria (CBN) in a recent press release noted that there has been positive response from the…
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The Importance of Total Equity Returns – Coronation Research
This is not a good time for the equity market, with the NGX All-Share Index up just 2.93% year-to-date. Yet…
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Fuel subsidy to end in 2023 – Finance minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government will do away with petroleum subsidy…
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Headline Inflation Increases by 21.09% YoY in October 2022 as Food Inflation Rises by 23.72%
In October 2022, on a year–on–year basis, the headline inflation rate was 21.09%. This was 5.09% points higher compared to…
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NDIC Set to Pay Depositors of 20 Liquidated Banks
The Managing Director, of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has said the corporation has concluded plans to pay…
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