Nigeria’s real estate sector has surpassed petroleum in GDP contributions, reflecting economic diversification. Factors behind this boom include significant illicit financial flows and remittances. Despite economic contractions, real estate investments have thrived, with many properties remaining vacant. Government efforts to address the housing deficit face challenges regarding property rights and ownership transparency.
Tag: nigerian banks
Markets at a Glance
Friday, 16 October 2020 EQUITIES • The All-Share Index rose 1.11% rose 28,659.45 with a market capitalization at 14.97 trillion … More
Nigeria to Sell 30 Billion Naira of Bonds Next Week
Bashir Olanrewaju Friday, 16 October 2020 Nigeria plans to sell 30 billion naira worth of bonds next week as the … More
Paystack of Nigeria Bought by Stripe of U.S. for $200 Million
By Abdul Yahaya Nigerian digital payments company Paystack is being acquired by U S. technology company Stripe Inc for $200 … More
Markets at a Glance
Thursday, 15 October 2020 EQUITIES • The All-Share Index ended flat at 28,344.04 with a market capitalization at 14.81 trillion … More
Nigeria’s Inflation Accelerates for 13th Month, Now at 13.7%
By Chuks Emele Thursday, 15 October 2020 Nigeria’s annual inflation accelerated for the 13th consecutive month in September to 13.7 … More
Nigerians Fear Internet Shutdown as Protests Persist, Businesses Hurt
By Bashir Olanrewaju and Abdul Yahaya There are mounting fear that Nigeria might shut its internet network to curb protests … More
Markets at a Glance
Wednesday, 14 October 2020 EQUITIES • The All-Share Index barely changed at 28,344.33 with a market capitalization at 14.81 trillion … More
Markets at a Glance
Tuesday, 13 October 2020 EQUITIES • The All-Share Index rose 0.02% to 28,344.04 with a market capitalization at 14.81 trillion … More
Markets at a Glance
Monday, 12 October 2020 EQUITIES • The All-Share Index fell 0.27% to 28,337.49 with a market capitalization at 14.81 trillion … More
Banks Must Comply With Payments Confirmation Rules, CBN Says
By Sahabi Abdul Banks operating in Nigeria were directed by the Central Bank of Nigeria to ensure they comply with … More
Markets at a Glance
Friday, 9 October 2020 EQUITIES • The All-Share Index fell 0.46% to 28,415.31 with a market capitalization at 14.85 trillion … More
Central Bank Warns Against Loan, Investment Scams
Friday, 9 October 2020 By Chuks Emele The Central Bank of Nigeria warned members of the public to be wary … More
Markets at a Glance
Thursday, 8 October 2020 EQUITIES • The All-Share Index fell 0.31% to 28,546.22 with a market capitalization at 14.92 trillion … More
Markets at a Glance
Wednesday, 7 October 2020 EQUITIES • The All-Share Index fell 0.95% to 28,634.35 with a market capitalization at 14.97 trillion … More
Nigerian Household Debts Mount as Pandemic Ravages Incomes
By Bashir Olanrewaju Wednesday, 7 October 2020 Debts owed by Nigerian households are on the increase in the aftermath of … More
Markets at a Glance
Tuesday, 6 October 2020 EQUITIES • The All-Share Index gained 4.921% to 29,909.37 with a market capitalization at 15.1 trillion … More
Nigerian Stocks Maintain Winning Streak, Erase Losses
By Chuks Emele Monday, 6 October 2020 Nigerian stocks gained for the 12th straight day on Monday on a winning … More
What’s Naira’s Real Exchange Rate?
By Our Reporters Tuesday, 6 October 2020 The answer to this headline question depends on the respondent. As at today, … More
Markets at a Glance
Monday, 5 October 2020 EQUITIES • The All-Share Index gained 2.11% to 27,554.49 with a market capitalization at 14.4 trillion … More
