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The Nigerian Economy
Markets + InvestingMarkets & Investing
GX Market Capitalisation Gains N57 Billion as All-Share Index Rises 0.10%
Lagos, Sept. 30, 2024 (NAN) — The Nigerian Exchange...
SEC Warns Against Illegal Fund Managers Amid Stock Market Fraud Losses of Over N1.23 Trillion
Abuja, Sept. 29, 2024 (NAN) — The Securities and...
Nigerian Exchange Faces Sell-Offs from Tier-One Banking Stocks
: Zenith Bank and FBN Holdings Among Major Contributors
Lagos,...
Nigeria’s Stock Market Decline Driven by MTN Nigeria, Oando, UBA, and Fidelity Bank
Lagos, Sept. 26, 2024 (NAN) — The stock market...
We’ll provide regulatory support for SMEs to access capital – SEC
By Rukayat Adeyemi
Lagos, Sept. 25, 2024 (NAN) The Securities...
NGX Market Capitalization Rises by N79 Billion as FBN Holdings, UBA, and Fidelity Bank Drive Gains
Lagos, Sept. 23, 2024 — The Nigerian Exchange...
Monetary + Fiscal Policy
Nigeria’s Central Bank to Automate Forex Trading by December; Naira Hits 1,634/USD
ABUJA, Oct 4 Nigeria’s central bank will automate...
Naira gains 2.24% against dollar at official market
By Grace Alegba
Lagos, Sept. 27, 2024 (NAN) The Naira...
Naira Plummets to ₦1,677 per Dollar Despite 50 Basis Point Rate Hike
Naira Hits Record Low Against Dollar Despite Interest Rate...
Lifting petrol from Dangote refinery ‘ll moderate FX pressure, says Cardoso
By Kadiri Abdulrahman
Abuja, Sept. 24, 2024 (NAN) The Governor...
Commodities
Nigeria’s Cocoa Exports Surge 304% in Q1 2024 Amid Strong Global Demand and Record Prices
Cocoa harvests are looking promising for the upcoming season,...
Nigeria’s Corn Acreage Drops to 5.1 Million Hectares for 2024/2025, Lowest in 14 Years
Nigeria’s corn acreage has fallen to 5.1 million hectares...
Nigeria Leads African Nations in Building Gold Reserves to Cut Dependance on U.S Dollars
Nigeria, along with other African nations, is rushing to...
Nigeria’s Cocoa Processing Industry Slumps to 8% Capacity Amid Economic Challenges
Nigeria’s cocoa processing sector has dwindled to just 8%...
Companies + FinanceCompanies & Markets
Access Bank Relaunches ‘W’ Initiative in Zambia and Botswana, Empowers 3.6M Women with N338.6 Billion
Lagos, Sept. 30, 2024 (NAN) — Access Bank Plc has relaunched its ‘W’ Initiative in Zambia and Botswana to promote women’s empowerment across Southern...
First Bank Boosts Economic Growth via Arts as Creative Industry Adds N239 Billion to Nigeria’s GDP
Lagos, Sept. 30, 2024 (NAN) — First Bank of...
BUA Foods Reports N729.4bn Revenue, Proposes N5.50 Dividend Amid 74% Growth
By Lucy Ogalue
Abuja, Sept. 26, 2024 (Naija247news) — BUA...
Prioritise poverty eradication, gender equality, others, First Bank urges world leaders
FirstBank CEO Urges World Leaders to Prioritise Poverty Eradication,...
PZ Cussons Nigeria Awaits Further Details on Parent Company’s Divestment Plans
PZ Cussons Plans Exit After 48% Sales Drop Due...
Access Holdings Achieves N348.9 Billion Profit, Doubling Growth Amid Rising Interest Rates
Access Holdings Plc has reported a pre-tax profit of...
GTCO’s Guaranty Trust Bank Named Best Bank for Corporate Social Responsibility in Nigeria by Euromoney
- Guaranty Trust Bank Ltd (“GTBank,” or...
Nigeria’s FBN Holdings and First Bank of Nigeria Outlook Upgraded by Fitch
LONDON, September 16, 2024 – Fitch Ratings has revised...
Ecobank Secures Bondholder Approval to Strengthen Capital and Avert Default Amid Naira Devaluation
Ecobank Transnational Inc. has received approval from bondholders to...
NB Plc to settle FX, local debts with N599bn Rights Issue
By Rukayat Adeyemi
Lagos, Sept. 17, 2024 (NAN) Nigerian Breweries...
State of The Nation
Floods Cause Jailbreak in Maiduguri as 281 Inmates Escape, Recapture Efforts Underway
ABUJA, Sept 15 (Reuters) – Severe floods in Maiduguri,...
Nigerian national arrested at Pakistan airport with cocaine capsules in stomach
August 30, 2024.
Azonuchechi Chukwu.
The Anti-Narcotics Force (ANF) in Pakistan...
Lagos Govt Staff Quarters Gutted By Fire
August 30, 2024.
Azonuchechi Chukwu.
The two storey building at the...
Police Arrest Lagos Nurse Over Failed Cosmetic Surgery
August 30, 2024.
Azonuchechi Chukwu.
The Police Command in Lagos State...
