Analysis and Data

International Monetary Fund (IMF)

IMF reviews Nigeria’s growth projection downwards

The IMF also projected Nigeria’s inflation rate to rise to an average of 13.5 per cent in 2019.

Oil rig used to illustrate the story.

PIB: How Nigeria can avoid Venezuela’s experience

The long delay in the passage of the PIB is setting Nigeria on the highway to replicating Venezuela’s oily crisis that is well documented says Business Editor, Bassey Udo in this analysis.

nigerian_stock_exchange

Insurance stocks top losers’ table in September

Universal Insurance emerged the worst performing stock for the month.

nigerian_stock_exchange

NSE suspends trading in shares of six Nigerian companies

The NSE also names the six companies and their offence.

Nigeria Labour Congress (NLC)

ANALYSIS: Intrigues involved in new minimum wage for Nigerian workers

Economic experts weigh in on the unending battle over the years to arrive at a living wage for Nigerian workers.

Nigeria Stock Exchange

NSE transactions reopen on bearish trend

The All-Share depreciated by 54.72 points to close at 32,711.65 against the 32,766.37 achieved on Friday.

Nigeria Stock Exchange

NSE market capitalisation hits N21b

The All-Share Index rose by 59.28 points to close at 32,540.17 compared with 32,480.89 posted on Thursday.

Nigeria Stock Exchange

NSE Trading maintains bearish trend

Nigerian Breweries led the losers’ table with a loss of N4.5 to close at N88 per share.

MTN

MTN’s $8.1bn refund order could jeopardise listing on NSE – Experts

MTN is yet to be listed on the Nigerian Stock Exchange.

Nigeria Stock Exchange

OkomuOil leads capital market gain as indices appreciate by 0.27%

The market capitalisation rose by N35 billion to close at N12.573 trillion against N12.718 trillion on Monday.

Oil rig used to illustrate the story.

ANALYSIS: Petroleum Industry Bill: Lessons Nigeria can learn from Ghana

Ghana, a relatively newer producer of oil on the continent, has shown some level of seriousness with governance of its oil industry.

UBA Appoints Four New Board Members

The appointments bring the number of women on the bank’s board to four.

Nigeria Stock Exchange

NSE indices grow further by 0.63%, amid Dangote Cement gain

The All-Share Index rose by 220.05 points to close at 35,426.21 compared to 35,206.16 posted on Thursday.

Naira Notes

Naira gains 40k against dollar at parallel market

The Nigerian currency is exchanging at N359.6 stronger than N360 traded on Thursday.

Someone operating a mobile phone [Photo: IT News Africa]

Active mobile lines in Nigeria hit 162.3 million

The Code Division Multiple Access (CDMA) for active mobile lines had 217,566 users in June, same as in May.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

ANALYSIS: Nigerian bourse, investors’ confidence and the troubles of minority shareholders

Analysts suggest ways to protect minority shareholders.

Naira Notes

Naira weakens marginally against dollar at parallel market

The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday.

Naira Notes

Naira sells at N358.5 to dollar at parallel market

At the Bureau De Change (BDC) window, the Naira closed at N360 to the dollar.

Analysis: Nigeria and reluctance to join African trade agreement

African Continental Free Trade Agreement (AfCFTA) wants to create a single market for goods and services in the continent

Nigeria Stock Exchange (NSE)

NSE records 319.63 million shares worth N3.07 billion in bearish trading

The transactions are lower compared to 503.12 million shares valued at N5.89 billion achieved on Thursday.

Central bank of Nigeria (CBN)

CBN injects $210m into Forex market

Meanwhile, the Naira continueS its stability in the foreign exchange market.

A NIPCO filling station used to illustrate the story on authentic data

Average petrol price decreased across Nigeria in May – NBS

Average price of kerosene and diesel, however, increased.

Crude oil extraction [Photo credit: Bloomberg]

Oil rises on expected stockpile drop

Brent crude was at $75.59 a barrel on Tuesday.

Governor Ifeanyi Ugwuanyi of Enugu State (4th left), with the Chief Judge of the state, Justice Priscilla Emehelu (3rd left); Chairperson, Enugu State Land Use Charge Assessment Appeal Tribunal, Barr. Chigozie Nnadi (middle); and other members of the Tribunal after their inauguration at the Government House, Enugu, yesterday.

Era of multiple taxes on property over in Enugu — Governor Ugwuanyi

The governor says he is committed to making the state the most investor-friendly in the country.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

Nestle, Dangote Cement drag market capitalisation by N125 billion

The capitalisation closed at N14.734 trillion against N14.859 trillion on Friday.