ECONOMY

Decline in FX Demand Fortifies Naira by 0.10% at I&E - The Naira closed stronger against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange...

Stocks Extend Loss as Bears Crumble Customs Street - Transactions on the floor of the Nigerian Exchange (NGX) Limited remained bearish on Wednesday with a marginal 0.01 per cent decline. The...

Nigerian Stocks Open Week With Marginal Gain on 0.04% - Nigerian stocks recorded a marginal gain of 0.04 per cent on Monday, with 25 equities closing in green, while 17 shares...

Investment Scams Compounding Nigeria’s Economic Woes—EFCC: The Economic and Financial Crimes Commission (EFCC) has promised to prosecute those promoting fraudulent investments schemes. The agency said it was taking this action because...

Lagos Commodities Exchange to list Nigeria’s maiden exchange traded notes - Lagos Commodities and Futures Exchange (LCFE) is set to list Nigeria’s first Exchange Traded Notes (ETNs) in a major boost...

Nigeria’s foreign direct investments inflows in continuous decline - Foreign direct investments (FDI) inflow into the country has continued to worsen due to volatile economic indices. United Nations Conference on Trade...

Profit-Takers Sink Nigerian Stocks by 0.17% - Nigerian stocks could not maintain the positive trajectory recorded on Wednesday at the Nigerian Exchange (NGX) on Thursday as they depreciated by 0.17 per...

Fed Govt offers 6.5% yearly interest on April savings bonds - The Federal Government at the weekend closed application lists for its monthly Federal Government of Nigeria Savings Bond (FGNSB). The...

Freezing of BDCs, others accounts: ABCON boss insists on fair hearing - The President of Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has impressed on the...

FMDQ to deepen market with derivatives - FMDQ Securities Exchange Limited will soon launch a standardised market for exchange traded derivatives, a move that will deepen the financial system. FMDQ said...