US Composite PMI Rises to 54.3 in October, Driven by Services Sector Growth
According to the latest report from S&P Global, the United States Composite Purchasing Managers' Index (PMI) rose to 54.3 points...
Naira gains 5bps to NGN1,600.00/USD amid demand-supply imbalance challenges
Last week, the naira appreciated marginally by 5 basis points to NGN1,600.00/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM),...
Nigerian Stock Market Sustains Positive Momentum Driven by Q3 Earnings
The Nigerian stock market last week on a positive note, maintaining its upward momentum as investors reacted positively to third-quarter...
Federation Accounts Allocation Committee (FAAC) Disburses NGN1.30 Trillion to Governments in October, Marking 7.9% Increase
The Federation Accounts Allocation Committee (FAAC) announced last week a notable increase in the disbursement to the three tiers of...
Nigerian Exchange Records Surge in retail and institutional participation, offsetting declines in foreign investment.
The Nigerian Exchange (NGX) has reported a remarkable uptick in total transactions for September, reaching NGN493.01 billion—marking a six-month high...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Blocks Shell’s Oil Asset Sale, Approves Exxon Mobil Deal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has blocked Shell’s proposed sale of its onshore and shallow-water oil operations while...
Dr. Emomotimi Agama Urges Stakeholders To Adapt to Evolving Regulatory Frameworks
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized the urgent need for capital...
Nigeria’s Headline Inflation Rises to 32.70% Amid Food and Transport Cost Increases
The National Bureau of Statistics (NBS) has reported a notable rise in Nigeria's headline inflation, which increased by 55 basis...
Nigerian Equities Market Closes Week Higher, Driven by Oil & Gas Stocks
The Nigerian equities market closed last week's trading at the Nigerian Exchange Platform on a positive note, buoyed by strong...
Naira Strengthens by 2.5% as CBN Intervenes in Forex Market
Last week, the naira appreciated by 2.5% week-on-week, reaching NGN1,600.78 per USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM)....
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