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Lagos
Tuesday, November 29, 2022
CBN may not revisit FX policy in the near term The nation’s external reserve went up by $2.1 billion in the month of March on the back of stability in the global price of oil. For most part of the month, oil price stayed at around $60 per barrel with production...
  The minister of Finance, Zainab Ahmed, has said that more funding will be given to the Nigeria Sovereign Investment Authority, from the country’s oil windfall savings. She was speaking on the sidelines of the IMF’s spring meetings in Washington DC. The excess crude account contains monies from Nigeria’s oil windfall savings....
Fiscal, Monetary authorities converging policy to reduce debt cost
  First Bank of Nigeria Holdings has declared N59.7 billion profit after tax, its audited result made available to the Nigerian Stock Exchange, NSE, as shown. FBNH has N279.983 billion market capitalisation as its shares traded at N7.50. The performance which analysts have commended came strong as the holding company...
Finance experts have said that the appointment if Ebenezer Onyeagwu as Zenith bank chief as a right step for the bank. They are of the view that the incoming Chief Executive Officer/Group Managing Director has a strong profile, expertise and experience relevant to take the group to a new...
The earnings season has not been strong enough to reverse the market from bearish move as money market continues to edge out equity for significant part of the first quarter trading session. Tracking the index and volume of trades, it has been observe that the investing communities have shifted...
Offering lending rates above 30% could put pressure on corporate financing, but banks
Market index gained further at the end of yesterday trading session on the back of bullish performance sustained by bargained hunting. The domestic equities market advanced 0.5% on Thursday trading session to settle at 29,347.62 points following gains in bellwether stocks - GUARANTY (+2.1%), FBNH(+6.1%) and UBA (+2.4%). As a result, market capitalisation rose by...
Expert Advises Private Property Operators to Embrace PPP Scheme
Price of onion crashes in Katsina —NAN survey The price of onions has crashed from N30,000 per 100kg to N10,000 in Katsina, the  News Agency of Nigeria (NAN) reports. A market survey conducted by NAN on Thursday in Katsina showed that two months ago 100kg bag of onions was being sold...