ECONOMY

Nigeria stock market drops further by N68bn - The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion. Specifically, the market...

Profit Taking Halts 12-day Price Rally at Stock Market - The rally at the stock market was halted yesterday after 12 days as investors moved in to lock in profit accumulated...

Households record 67% decline in income — Report: The instability in the country’s job market continued in August even as 67 percent of households recorded decline in income during the period....

IMF Forecasts ‘Less Dire’ Global GDP Contraction in 2020 - As the world slowly recovers from the Covid-19 pandemic, the International Monetary Fund (IMF) has projected a “less dire” global Gross...

Nigerian Equities hit five-year high with N708b gains - Nigerian equities yesterday broke all limits to hit their highest gain in more than five and a half years as intense bargain-hunting ...

Equities in strong gaining momentum - NIGERIAN equities sustained their bullish rally for the second consecutive quarter with a net capital gain of about N1.23 trillion in the third quarter, including...

Nigeria’s GDP grows 10,556.84% since 1960 to $448.12bn - Nigeria has cause to cheer after all with its total wealth, popularly referred to as Gross Domestic Product (GDP) rose from a...

NSE’s capitalisation hits N14tr mark amid sustained bulls run - The Nigerian Stock Exchange (NSE) market capitalisation closed trading for the month of September at N14 trillion, yesterday, amid sustained bargain...

‘Lagos financially stable with N90.5b budget surplus’ - The Lagos State government achieved N90.5 billion budget surplus in the 2019 fiscal year. The performance showed the solid financial standing and sound...

Foreign portfolio investments drop by N124b - Investor’s apathy to Nigerian securities amid foreign exchange control, illiquidity and other macroeconomic risks have affected foreign portfolio investments in the local markets. The...