Author: Marketforces Africa

At all costs, Nigeria’s economy ascended in the third quarter of 2023, halting the previous quarterly decline.  The gross domestic product growth report by the National Bureau of Statistics showed that the economy grew by 2.54% year-on-year in real terms to N19.44 trillion.

The share price of Stanbic IBTC Plc declined by 7% to close at N65 on Friday, stock market data shows.

Unity Bank Plc’s share price has been gathering energy from increased demand …

The Nigerian Exchange (NGX) market capitalisation rose to N39.17 trillion after sustained bullish momentum

Naira: CBN to Develop New Foreign Exchange Guideline –Cardoso The Central Bank of Nigeria (CBN) has revealed a plan to launch new foreign exchange (FX) guidelines to curb pressures on the local currency. A sustained increase in demand for foreign currency has reduced the value of the Nigerian naira. While demand for the US dollar has maintained an uptrend, the supply side has been limited, creating disequilibrium in the foreign exchange markets. This has kept exchange rates movement negative for companies, individuals and government. Speaking at the Annual Bankers Dinner, the Governor of the Central Bank, Yemi Cardoso said new…

After a long period of underperformance, the Nigerian government …

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.

The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).

The Ekiti State government says it has increased its monthly Internally Generated Revenue …