Nigerian Equities Market Faces 0.2% Decline as Profit-Taking Hits Key Stocks
The Nigerian equities market, which began the week with promising gains, experienced a setback as profit-taking activities led to a...
FX Reserves Decline for 5th Consecutive Week Amid Tight Foreign Exchange Supply
Nigeria’s foreign exchange (FX) reserves have decreased by USD1.03 million week-on-week (w/w), bringing the total to USD36.30 billion as of...
Stanbic IBTC PMI Report: Stagnation in Nigerian Private Sector as Business Activity Flatlines in August
Business activities in Nigeria's private sector remained broadly stagnant in August, as reflected in the latest Stanbic IBTC Bank Purchasing...
LCCI Lauds Nigeria’s Q2 2024 GDP Growth, Calls for Sustained Reforms Across Key Sectors
The Lagos Chamber of Commerce and Industry (LCCI) has commended Nigeria's impressive economic performance in the second quarter of 2024,...
NNPCL Admits Financial Strain Could Disrupt Petrol Supply as Debt Reaches $6 Billion
Nigeria National Petroleum Company Limited (NNPCL) has acknowledged that its ongoing financial challenges may jeopardize the sustainability of petrol supply...
Nigerian Households Maintain Cautious Optimism for Economic Recovery Despite Rising Loan Interest Rates
Nigerian households are cautiously optimistic about the country's economic prospects over the next three to six months, even as concerns...
Global Stock Indices Mixed Amid Optimism Over Rate Cuts and Concerns Ahead of PCE Data
Global stock indices exhibited mixed performance last week as investors navigated optimism over potential interest rate cuts and caution ahead...
US Jobless Claims Edge Lower, Labor Market Remains Under Pressure Amid Fed’s Tightening Measures
The United States labor market showed signs of softening as initial jobless claims fell modestly by 2,000 to 231,000 in...
Euro Area Inflation Eases in August; ECB Poised for Potential Rate Cut in September
The Euro Area witnessed a significant easing in inflation as consumer prices moderated to 2.2% year-on-year in August, down from...
Nigeria’s FX Reserves Decline for Fourth Week, Naira Depreciates Amid Limited Forex Supply
Nigeria’s foreign exchange (FX) reserves experienced a decline for the fourth consecutive week, as the gross reserves level fell by...
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