ECONOMY

Naira Suffers 0.08% Loss at I&E amid Forex Shortage - The shortage of foreign exchange (FX) at the market in Nigeria weakened the Naira against the US Dollar at the Investors...

CBN to sell N570bn Treasury Bills by Q2’21 - The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the second quarter...

Nigeria’s External reserves loses $52m in 16 days - Nigeria’s external reserves has shrunk by $522,525,964 in 16 days. According to recent figures on the Central Bank of Nigeria’s (CBN) website,...

Nigeria’s February inflation rate hits 17.33% - The National Bureau of Statistics (NBS) yesterday said the inflation rate rose from 16.46 per cent in January to 17.33 per cent in February...

Shoprite Confirms Exit from Nigeria - Shoprite Group has announced its unaudited results for the 26 weeks to 27 December 2020 in which sale of merchandise increased by 4.7% to R83.4...

Insurance industry capital base crashes to $1b over Naira’s free fall - Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to...

Nigerian Equities reopen with N45b loss - Nigerian equities continued on the downward trend yesterday as investors continued their portfolio realignment across the sectors. Benchmark indices at the Nigerian Stock Exchange...

FG to Flag Off Funtua Free Trade Zone for Cotton, Exportation - Plans have reached advanced stage by the Federal Government (FG) to flag-off the Funtua Free Trade Zone, says Prof....

Naira Crashes to N485 at Unregulated FX Window - The Naira performed badly against the United States Dollar at the unregulated segment of the foreign exchange (forex) market in Nigeria on...

Nigerian Stocks Gasp for Air amid Negative Investor Sentiment - Trading activities at the nation’s equity market remained bearish on Friday. The local stock exchange lost 0.13 per cent despite an...