The International Monetary Fund (IMF) has projected that global economic growth will continue upward, leading to declining inflation rates in 2024 and 2025.This projection from the body comes after a ...
The Nigerian stock market opened this week with a continuation of bearish sentiment. The benchmark indices at the Nigerian Exchange (NGX) indicated an average decline of 0.53%, equivalent to net capit...
For the 2023 fiscal year, Fidelity Bank's directors have proposed paying shareholders a final dividend of 60 kobo per share. This represents a 20% increase over the dividend payment of 50 kobo last ye...
The management of the United Bank for Africa (UBA) has revealed that, with an excess of N2 trillion in shareholder funds, it intends to raise additional capital when the time comes, in compliance with...
The National Bureau of Statistics (NBS) reported Monday that Nigeria's annual inflation rate rose to 33.20% in March from 31.70% in February.According to the statistics office, the headline inflation ...
It was reported on Sunday that the country's local currency (naira) increased against the US dollar, breaking through key resistance levels to trade below N1,000 in certain black market segments.This ...
According to the World Bank, the continuous efforts at fiscal consolidation in Nigeria and other Sub-Saharan African countries are mainly responsible for improving fiscal balances.In its most recent A...
Top market analysts have stated that they anticipate the current trend of downturns in equity prices to continue as market fundamentals shift in the face of rising volatility, portfolio rebalancing, a...
According to a recent report, Nigeria lost over N720 billion in revenue in February and March 2024 due to its crude oil production declining month after month.It was also announced that Nigeria missed...
In recent weeks, the Central Bank of Nigeria (CBN) has taken an essential step towards strengthening the durability and stability of the nation's banking sector with its most recent revision of the mi...