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The Nigerian Stock Exchange (NSE) market capitalisation on Friday closed negatively, for the fifth day, dipping further by N145 billion and recording a loss of N299 billion in two days. On Thursday, the exchange had pared its stock value by N154 billion, with market capitalization closing at N14.389 trillion. The free fall continued on Friday,…
May 25, 2018
By 'Dotun Akintomide Concerned by the likely impact of the 2019 election spendings on the economy, members of the Monetary Policy Committee (MPC) are unlikely to ease monetary policies during their two-day meeting starting today in Abuja, The New Diplomat has learnt. This comes as the inflation rate dropped to 12.48 per cent in March…
May 21, 2018
National Economic Council (NEC), comprising the 36 State Governors in the country has threatened to take over the responsibility of subsidising petroleum products in their states based on consumption following the huge amount of money being spent by the NNPC as fuel subsidy payment annually. The Chairman of Governors’ Forum, Gov. Abdulazeez Yari of Zamfara…
May 17, 2018
By 'Dotun Akintomide After six months of bitter logjam with the executive arm, the Senate has finally passed the 2018 Budget of N9.21 Trillion following the consideration and adoption of the Budget report laid on the floor of the upper legislative chamber Tuesday. The budget document was presented to a joint session of the National…
May 16, 2018
By 'Dotun Akintomide The signed a $2.5 billion bilateral currency swap between Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC) will provide naira liquidity to Chinese businesses and provide RMB liquidity to Nigerian businesses respectively. The transaction which is valued at Renminbi (RMB) 16 billion, or the equivalent of about $2.5bn…
May 4, 2018
Diaspora Nigerians wired $22 billion home in 2017 which amounts to an African record and the fifth largest remittance by immigrants globally, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank today. The World Bank said payments from immigrants back to their home countries…
April 23, 2018
Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and…
April 22, 2018
...As Shareholders Accuse Minister Of Interfering In SEC's Affairs By Dotun Akintomide The Minister of Finance, Mrs. Kemi Adeosun had given reasons why she waded into the crisis rocking the Nigeria's Securities and Exchange Commission (SEC) following the multiple events of the last one week pertaining to the lifting, reinstatement and lifting again of the technical…
April 17, 2018
By 'Dotun Akintomide Few hours after President Muhammadu Buhari said he would seek re-election in 2019, Nigeria's stock market has dropped to three months low. The declaration put an end to months of speculation about his political future after bouts of ill health. According reuters, the stock market which opened on a losing streak after…
April 9, 2018
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The Nigerian Stock Exchange (NSE) market capitalisation on Friday closed negatively, for the fifth day, dipping further by N145 billion and recording a loss of N299 billion in two days. On Thursday, the exchange had pared its stock value by N154 billion, with market capitalization closing at N14.389 trillion. The free fall continued on Friday,…
May 25, 2018
By 'Dotun Akintomide Concerned by the likely impact of the 2019 election spendings on the economy, members of the Monetary Policy Committee (MPC) are unlikely to ease monetary policies during their two-day meeting starting today in Abuja, The New Diplomat has learnt. This comes as the inflation rate dropped to 12.48 per cent in March…
May 21, 2018
National Economic Council (NEC), comprising the 36 State Governors in the country has threatened to take over the responsibility of subsidising petroleum products in their states based on consumption following the huge amount of money being spent by the NNPC as fuel subsidy payment annually. The Chairman of Governors’ Forum, Gov. Abdulazeez Yari of Zamfara…
May 17, 2018
By 'Dotun Akintomide After six months of bitter logjam with the executive arm, the Senate has finally passed the 2018 Budget of N9.21 Trillion following the consideration and adoption of the Budget report laid on the floor of the upper legislative chamber Tuesday. The budget document was presented to a joint session of the National…
May 16, 2018
By 'Dotun Akintomide The signed a $2.5 billion bilateral currency swap between Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC) will provide naira liquidity to Chinese businesses and provide RMB liquidity to Nigerian businesses respectively. The transaction which is valued at Renminbi (RMB) 16 billion, or the equivalent of about $2.5bn…
May 4, 2018
Diaspora Nigerians wired $22 billion home in 2017 which amounts to an African record and the fifth largest remittance by immigrants globally, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank today. The World Bank said payments from immigrants back to their home countries…
April 23, 2018
Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and…
April 22, 2018
...As Shareholders Accuse Minister Of Interfering In SEC's Affairs By Dotun Akintomide The Minister of Finance, Mrs. Kemi Adeosun had given reasons why she waded into the crisis rocking the Nigeria's Securities and Exchange Commission (SEC) following the multiple events of the last one week pertaining to the lifting, reinstatement and lifting again of the technical…
April 17, 2018
By 'Dotun Akintomide Few hours after President Muhammadu Buhari said he would seek re-election in 2019, Nigeria's stock market has dropped to three months low. The declaration put an end to months of speculation about his political future after bouts of ill health. According reuters, the stock market which opened on a losing streak after…
April 9, 2018
