FBNQuest, one of the leading merchant banks, has estimated average Nigerians spending capacity at $50 per month. In its recent analysis on the economy, FBNQuest is of the view that inflationary pressure has contributed to the subdued spending, say food inflation has remained high.
Analysts said that although Nigeria’s economy...
Stock Market Capitalisation Rises to ₦13.135 on Improve Sentiments
The prevailing bullish sentiment continued on the last trading day of the week as Nigerian Stock Exchange market cap hit ₦13.135 trillion.
Investors’ fortunes increased by ₦233 billion following price appreciation in some large and medium cap stocks.
Similarly, the All-Share Index increased...
