By Bashir Olanrewaju Friday, 18 September, 2020 Nigeria’s Federal Inland Revenue Service said a new rule demanding self certification for … More
Tag: nigerian economy
Daily Market Wrap
Thursday, 17 September 2020 EQUITIES • The All-Share Index fell 0.07% to 25,532.74, with market capitalization at 13.34 trillion naira.• … More
Nigerian Unions Threaten Strike Over Hikes in Energy Prices
By Bashir Olanrewaju The Nigerian Labour Congress, the country’s biggest trade-union federation, said it will begin an indefinite strike on … More
Daily Market Wrap
Wednesday, 16 September 2020 EQUITIES The All-Share Index fell 0.19% to 25,550.31, with market capitalization at 13.35 trillion naira. The … More
Turning Tides and an Old Adage
Penny Wisdom The going maxim since the dawn of time has been: Penny wise, Pound stupid. Only God knows why … More
Daily Market Wrap
Tuesday, 15 September 2020 EQUITIES Nigerian equity market closed on a negative note today as All Share Index marginally decreased by … More
Nigeria’s Inflation Jumped to 13.2% in August on Food Costs
By Our Reporter Tuesday, 15 September 2020 Nigeria’s consumer price index jumped 13.3 percent in August from a year earlier, … More
Daily Market Wrap
Monday, 14 September 2020 EQUITIESThe Nigerian equity market closed on a positive note today as All Share Index marginally increased … More
Lead Weekly Stock Recommendations
Monday, 14 September 2020 ZENITH: Zenith bank showed commendable and resilient growth in its H1 2020 earnings, despite pressure on earnings … More
The Depositors’ Dilemma as Ponzi Schemes Beckon
With inflation said to be running at about 15 percent, a deposit of one million naira in January 2020 will earn 15,000 naira in interest after one year. It will also lose 150,000 naira to inflation, giving a net loss in value of 135,000 naira. When the effects of currency devaluation are factored in, the situation becomes even more dire.
Daily Market Wrap
Friday, 11 September 2020 EQUITIESThe Nigerian equity market closed on a positive note today as All Share Index increased by … More
Daily Market Wrap
Thursday, 10 September 2020 EQUITIESThe Nigerian equity market closed on a positive note today as All Share Index increased by … More
Deposits Soar as Nigerians Prefer Saving to Investment, CBN Says
By Our Reporter Wednesday, September 9, 2020. Deposits are soaring in Nigeria, with people showing a preference to save rather … More
Daily Market Wrap
Wednesday, September 9, 2020EQUITIESThe Nigerian equity market closed on a negative note today as All Share Index decreased by 0.28 … More
Daily Market Wrap
Tuesday, 8 September 2020 EQUITIES The Nigerian equity market closed on a negative note today as All Share Index decreased … More
Emefiele’s CBN Punishing Savers, Spawning Abuses, NESG Says
Tuesday, September 8, 2020 The Central Bank of Nigeria under Governor Godwin Emefiele is pursuing policies inimical to the interests … More
Daily Market Wrap
Monday, 7 September, 2020 EQUITIESThe Nigerian equity market closed on a negative note today as All Share Index decreased by … More
Lead Weekly Stock Recommendation
Monday, September 7, 2020 ZENITH: With a moderate growth in its first quarter earnings by 0.6% and stellar performances over … More
NSE Monthly Report for July 2020
SUMMARY OF TRANSACTIONS AS AT 31 JULY 2020On a monthly basis, The Nigerian Stock Exchange polls trading figures from market … More
Banks Slash Interest on Savings After CBN Nod
Nigerian banks have moved swiftly to cut the interests paid on savings accounts following a central bank decision to lower … More
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