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Naira ends lower as FX market turnover drops 21%: FMDQ

May 6, 2023May 6, 2023 Markets Reporters 0 Comments FMDQ Group, FX market turnover, naira

The naira weakened further against the dollar this week on the official market as the turnover for trades between banks

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Economics FEATURED Latest TOP STORIES 

Nigeria’s April inflation to hit 22.67% on rising food prices: FDC

May 6, 2023May 6, 2023 Markets Reporters 0 Comments Bismarck Rewane, Financial Derivatives Company, Inflation rate in Nigeria

The annual inflation rate in Africa’s biggest economy is estimated to increase again in April to 22.67 percent from 22.04

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FEATURED Latest Stocks TOP STORIES 

Transcorp falls 38% after boost from Otedola, Elumelu’s stock-buying spree

May 5, 2023May 6, 2023 Markets Reporters 0 Comments Femi Otedola, Tony Elumelu, Transcorp

Transnational Corporation Plc has seen its share price decline by almost 38 percent from a peak of N3.12 last week. 

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FEATURED Latest Thinkpiece TOP STORIES 

The world’s six best doctors you need

May 4, 2023May 4, 2023 Markets Reporters 0 Comments Harvey Mackay

By Harvey Mackay I recently came across an old nursery rhyme that lists the six best doctors in the world.

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FEATURED Latest Stocks TOP STORIES 

BUA Foods posts 85% jump in first-quarter profit

May 4, 2023May 4, 2023 Markets Reporters 0 Comments Ayodele Abioye, BUA Foods

BUA Foods Plc has reported an 85 percent increase in its profit before tax for the first quarter of this

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Economics FEATURED Latest TOP STORIES 

Why dollar won’t be dethroned by renminbi: Capital Economics

May 3, 2023May 3, 2023 Markets Reporters 0 Comments Capital Economics, Chinese renminbi, dollar, Neil Shearing

While global fracturing will fundamentally reshape the global economic and financial landscape over the coming decade, the consequences for the

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FEATURED Latest Stocks TOP STORIES 

Geregu, Transcorp halt stock market’s seven-day winning streak

May 3, 2023May 3, 2023 Markets Reporters 0 Comments Femi Otedola, Geregu Power, NGX, Nigerian stocks, Tony Elumelu, Transcorp

The Nigerian stock market closed in the red on Tuesday after seven consecutive days of gains as Geregu Power Plc

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Economics FEATURED Latest TOP STORIES Uncategorized 

Nigeria’s business activity rebounds after sinking to record low

May 2, 2023May 2, 2023 Markets Reporters 0 Comments Naira scarcity, Nigeria Purchasing Managers Index, Stanbic IBTC Bank PMI

Business activity in Africa’s biggest economy rebounded last month after shrinking in February for the first time in 32 months

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Economics FEATURED Latest TOP STORIES 

Dangote says Africa must dismantle trade barriers to secure future

May 2, 2023May 2, 2023 Markets Reporters 0 Comments AfCFTA, Aliko Dangote, The Economist

The President of Dangote Group, Aliko Dangote, has urged African countries to dismantle all barriers hindering trade within the continent

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FEATURED Latest Stocks TOP STORIES 

More foreign investors snub Nigerian stocks amid FX crisis

May 1, 2023May 1, 2023 Markets Reporters 0 Comments foreign investors, Nigerian Exchange Limited, Nigerian stocks

Amid lingering foreign exchange scarcity in Nigeria, the foreign inflows into the stock market plunged by 67.25 percent in the

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