Nigerian Stock Market Experiences Marginal Dip Following Previous Day’s Gain
The Nigerian stock market saw a slight decline of 0.02 percent, equivalent to N6 billion, on Wednesday, failing to maintain…
Day: October 26, 2023
Nigeria’s Money Supply Grows to N66.4 Trillion Amid Inflation and Naira Devaluation
The Central Bank of Nigeria (CBN) reports an increase in Nigeria’s total money supply (M2) from N65.15 trillion in August…
VP Urges Capital Market Involvement in Bridging Nigeria’s Infrastructure Deficit
The Vice President of Nigeria, Kashim Shettima, has called for active participation of capital market stakeholders in addressing Nigeria’s substantial…
UBA CEO Oliver Alawuba Honored with Fellowship from CIBN
Oliver Alawuba, the Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), has been awarded the…
Nigeria’s Federal Government to Forgo N12.4 Trillion in Tax Waivers and Incentives
The Federal Government of Nigeria is set to waive tax revenues amounting to N12.4 trillion over the course of four…
Naira Plummets to ₦1,290/$1, Sparks Concerns
The Nigerian Naira has experienced a sharp decline, reaching ₦1,290 to $1 in key markets, including Abuja. This significant drop…
Nigerian Government Adjusts Port Terminal Charges and Bulk Cargo Fees
The Nigerian government, through the Nigerian Shippers Council (NSC), has made significant changes to port terminal charges and bulk cargo…
Nigeria Anticipates $10 Billion Inflow to Alleviate Dollar Shortage
The Nigerian government is expecting an inflow of $10 billion in the coming weeks, which is anticipated to alleviate the…
Surge in LNG Imports Expected for Northwest Europe in November
As the heating season commences, northwest Europe anticipates a substantial increase in LNG (Liquefied Natural Gas) imports, projected to rise…
Generative AI Powers Revenue Growth for Tech Giants
Groundbreaking generative AI technologies are being seamlessly integrated into various software applications, targeting both business and consumer segments. Notably, the…