7 Apr 2020
Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange (FX) rate to N380 to $1, could rekindle the interest of foreign portfolio investors in the country’s financial instrument.
26 Nov 2019
Nigeria’s foreign exchange reserves fell below $40 billion for the first time in 23 months, as the country’s crude oil earnings remain under pressure in the international market, while the apex bank sustains its currency defence efforts.
30 Oct 2019
The nation’s economy still remains on a rocky path, sustaining the sluggish pace of recovery in the face of depressed oil prices, United States (U.S.)-China trade war, uncertainty of Brexit fallouts and fears over decelerating global growth.
23 Sep 2019
At the end of the bi-monthly Monetary Policy Committee (MPC) meetings for September, the Central Bank of Nigeria (CBN) retained all policy rates, as dictated by the eleven-member policymakers in attendance.
18 Sep 2019
Just yesterday, the National Bureau of Statistics (NBS) affirmed that yearly inflation in Nigeria stood at 11.02 per cent in August. This is the lowest figure in nearly four years, especially in the midst of the battle...
4 Sep 2019
The nation’s Gross Domestic Product (GDP) lost steam in the second quarter (Q2) of 2019, against expectations and assurances of improved numbers based on acclaimed investments in the economy by the government.
18 Jun 2019
The composite food index rose by 13.79 per cent in May 2019, compared to 13.70 per cent in April 2019, led by increase in prices of meat, oils and fats, bread and cereals, potatoes, yam and other tubers, fish, milk, cheese and egg, and vegetables.
29 May 2019
The four-year-old administration of President Muhammadu Buhari, at its outset in May 29, 2015, came with high hopes. It rode under the mantra of “Change”. Reports also had it that there were promises of improving the fortunes of the local currency to appreciable exchange value of $1 to N1. Generally speaking, it was a hope…
27 Mar 2019
The Central Bank of Nigeria (CBN) yesterday took local and international investors by surprise, cutting the 32-month-old Monetary Policy Rate (MPR) by 0.5 per cent to 13.5 per cent...
25 Mar 2019
With Nigeria facing three-fold uncertainties that may arise from oil price, Britain’s exit of European Union (Brexit) and the United States-China trade war...
19 Feb 2019
The financial services sector yesterday reacted negatively to the uncertainty in the nation’s political environment as investors priced in the risks of election postponement on the stock market and exchange rate.
22 Nov 2018
Although the consumer price index, (CPI), which measures inflation decreased by 11.26 per cent (year-on-year) in October, 0.02 per cent points lower than the rate recorded in September...