Inflation Alert: Nigeria’s Economy Teeters on the Brink
Nigeria's high inflation rate, which was about 17.01% in August 2024, has puzzled economists, government officials, and business leaders. The ...
Tag: Finance
National Bureau Of Statistics Reports Rise In Cooking Gas Prices
The National Bureau of Statistics (NBS) has published its "Cooking Gas Price Watch" report for September 2024, showing a notable ...
Brexit Cost London 40,000 Finance Jobs — City Chief Says
Britain's exit from the European Union cost London's financial centre about 40,000 jobs, according to the Lord Mayor of the ...
Nigeria’s Food Inflation Surges to 37.7% in September
In September, Nigeria's food inflation rate went up to 37.7%, which is higher than it was for the previous two ...
Nigerian Stock Market Defies Inflation Concerns, Rallies 0.62%
The Nigerian stock market started the week with a positive performance, showing a 0.62% increase despite worries about rising inflation. ...
Nigeria’s Economic Reforms: A Leap of Faith or a Recipe for Disaster
As Nigeria starts its newest efforts to improve its economy, I can't help but wonder if this is a real ...
Russia Advocates for BRICS Alternative to IMF and World Bank
Russia, currently chairing the BRICS community, has called on its partners to explore the possibility of creating an alternative to ...
Nigeria’s PoS Transactions Reach N6.23 Trillion in Seven Months
The Nigeria Inter-Bank Settlement System (NIBSS) reports that Point of Sale (PoS) transactions in Nigeria added up to N6.23 trillion ...
Crypto Market Turns Bearish Ahead of US CPI Report, Bitcoin Drops to $60,800
The cryptocurrency market is feeling negative as people wait for the upcoming United States Consumer Price Index (CPI) report. Right ...
CBN’s Latest Treasury Bill Auction Yields 24.77% Rate
The Central Bank of Nigeria (CBN) recently sold ₦65.03 billion in one-year treasury bills at an interest rate of 24.77% ...
Nigerian Stock Market Records N539 Billion Decline Week-On-Week
The Nigerian Exchange Limited (NGX) stock market saw a big drop of N539 billion from one week to the next, ...
CBN Governor Acknowledges Interest Rate Hike Challenges
Yemi Cardoso, the Governor of Central Bank of Nigeria (CBN), has acknowledged the challenges that come with the recent upward ...
Fidelity Bank Announces 163% Increase in Pre-Tax Profit to N200.8 Billion
Fidelity Bank PLC has reported a pre-tax profit of N200.8 billion for the first half of 2024, which is a ...
Nigerian Stock Market Experiences 0.47% Gain, Trading Volume Surges By 20%
The Nigerian stock market trading ended positively yesterday, as the All-Share Index, ASI, rose by 0.47% to close at 97,520.54 ...
Bitcoin Plunges To $60,000 Amid Escalating Iran-Isreal Tensions
Bitcoin, the dominant digital currency in the world, has nosedived to $60,000 yesterday after Iran launched a missile assault against ...
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