Nigeria’s output grew by 3.1 per cent in real-time in the first quarter but the expansion lags modestly from the 4.2 per cent annualised growth projected by the Federal Government in its yearly budget framework.
Amid uncertainties in the global economy and rising insecurity in the country, the nation’s stock market continued its bullish run, giving hope to patient investors who endured long periods of downturn on the Nigerian Exchange Limited (NGX).
The high cost of issuing long-term domestic debt, which has spurred banks’ increased appetite for external borrowings through Eurobonds, has become a source of worry to stakeholders.
Uncertainty in the global economy coupled with insecurity in the country and other macroeconomic challenges have continued to take a toll on the capital market as investors' wealth depreciated by N213 billion in March.
Nigeria’s foreign reserves continued its downward slope, a trend formed towards the end of last year after it failed to sustain a momentary recovery witnessed in October.
Poor regulation, harsh economy and other perennial challenges bedeviling the capital market have continued to hurt retail investors’ participation in equities 15 years after the global financial meltdown...
In what has become a trend, Naira fell to a record low over-the-counter on the last trading day of 2021, closing at N435/$. This came amid uncertainty about the market outlook as the economy wobbles into a new year.
Worried by the marginal 5.7 per cent growth witnessed in the nation's stock market in 2021, compared to 50.3 per cent rise achieved in 2020, investors have called for the implementation of appropriate legislation that will help tackle insecurity and other macroeconomic challenges challenging the capital market.
30 Nov 2021
Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term stability in the foreign exchange market.
11 Oct 2021
Sixty-one years after independence, Nigeria has degenerated to being the poverty capital of the world. Nigeria as a nation has failed to meet the yearnings and aspirations of the people in all areas....
4 Jun 2021
Capital market experts have rated the country’s democratic regime as one that has failed to create a competitive edge for the domestic investment market.