- CBN to Open N1trn Treasury Bills for Subscription on Wednesday
- MemeCore Price Rises 6.6% as Investors Speculate
- ‘Why Insurance Penetration is Low in Nigeria – NCRIB
- EU Parliament Approves EU-U.S. Trade Deal Legislation
- Federal Government Moves to Curb Rising Cooking Gas Prices
- Pi Network Climbs Ahead of Pi2Day, Mandatory Nodes Upgrade
- Nigerian Exchange Shrinks, Tier-1 Banks Drive N782bn Loss
- Nigeria’s Foreign Reserves Near $51bn, Highest Since Jan. 2009
Economy
The Central Bank of Nigeria (CBN) is set to auction N1 trillion in Nigerian Treasury bills…
To understand the new politics stance and other pro nationals of recent times, we should…
Food Inflation: Customs to Smoke out Food Hoarders –Official
Selloffs in MTN Nigeria, FBN Holdings and some other stocks dragged the Nigerian Exchange market capitalisation down
Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.
Inflation rate accelerated by 26 basis points in May to 33.95% due to higher food items prices in Nigeria amidst uncertainties, according to data released by statistics office. In its report, the National Bureau of Statistics (NBS) said that in May 2024, the headline inflation rate increased to 33.95% from 33.69% in April.
Equities investors gained about N53 billion on Friday as the Nigerian Exchange, NGX, recorded 32 risers, 17 decliners. Consequently, the All-Share Index rose by 0.09% to close at 99,925.88 points, with the year-to-date return of the index climbing to 33.64%.