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 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...
It has been reported that Indorama Eleme Fertiliser and Chemicals Limited, a Nigerian company, and the African Development Bank have concluded a $75 million loan agreement. The bank made this announce...
Nigerian stock investors lost N252 bn at the close of Thursday trading as the Nigerian Exchange sustained its bearish trading on Thursday.So far, the market has witnessed a combined loss of N467bn bet...