By Our Reporter Tuesday, 15 September 2020 Nigeria’s consumer price index jumped 13.3 percent in August from a year earlier, … More
Tag: Nigerian personal finance
Daily Market Wrap
Monday, 14 September 2020 EQUITIESThe Nigerian equity market closed on a positive note today as All Share Index marginally increased … 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
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
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
Daily Market Wrap
Friday, September 4, 2020 EQUITIESThe Nigerian equity market closed on a positive note today as All Share Index increased by … More
Central Bank Lowers Base on Savings Deposit Rates, Now Negotiable
Tuesday, September 1, 2020 The Central Bank of Nigeria lowered the minimum interest rate payable on savings deposits by a … More
NSE Weekly Report
Friday, August 28, 2020 EQUITY A total turnover of 1.072 billion shares worth N7.384 billion in 16,684 deals were traded … More
Weekly Nuggets
Key developments this week in Nigerian personal finance Saturday, August 29, 2020 Central Bank to Resume Forex Sales to Money … More
How Nigeria’s Central Bank is Eroding Savings
By Our Staff Writers Nigerians saving money in the national currency, the naira, have been facing a unique situation since … More
Nigeria’s Economy Shrank 6.1% in 2nd Quarter
For the country of 200 million people, more than half of which are under 30 years old, it spells unsavoury consequences, including high unemployment and a decline in personal savings as businesses lay off workers or close shop altogether.
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