Large naira devaluation, sharp rate hikes appear likely: Capital Economics
With the suspension of the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, a large devaluation of the
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Author: Markets Reporters
South Africa dodges recession as GDP grows 0.4%
South Africa, the most industrialised economy in Africa, skirted a technical recession as its GDP expanded by 0.4 percent in
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Subsidy removal: TUC demands N200,000 minimum wage, tax holiday, others
The Trade Union Congress of Nigeria has asked the Federal Government to increase the country’s minimum wage from N30,000 to
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Nigerian banks now require tax certificate to meet customers’ FX requests
Nigerian banks are now asking customers to submit tax clearance certificates to enable them to get access to foreign exchange.
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Nigerian stocks post record N1.5tn gain after Tinubu takes helm
The Nigerian stock market surged more than 5 percent on Tuesday, the first trading day after Bola Tinubu took the
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Marketers want NNPC petrol supply monopoly broken, await Dangote refinery
Oil marketers in Nigeria have called for continued supply of petrol amid the resurgence of queues at many filling stations
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Stockpiling petrol poses ‘significant safety hazard’, regulator warns Nigerians
Amid the resurgence of queues at fuel stations in parts of Nigeria, the Nigerian Midstream and Downstream Petroleum Regulatory Authority
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Foreign investment in Nigerian stocks extends decline after election
Foreign investment in the Nigerian stock market declined further in April after a general election that commenced on February 25
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Nigeria loses 23% of its power generation in 24 hours
Power generation in Nigeria dropped by over 23 percent in 24 hours to 3,704.26 megawatts as of 6am on Saturday,
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KPMG cuts Nigeria’s 2023 GDP growth forecast to 2.85%
KPMG, a professional services firm, said on Thursday that Nigeria’s economy will grow more slowly in 2023 than previously predicted.
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