By Sodiq Adelakun Naira experienced a notable appreciation against the US dollar on Tuesday, despite the prevailing low liquidity in the foreign exchange market. This development, however, comes with mixed implications for the Nigerian economy. While the strengthening of the…
By Sodiq Adelakun Naira experien ced a 0.79 percent increase against the US dollar on Tuesday, gaining N8 as foreign exchange trading resumed following the independence holiday. At the parallel market, the Naira opened at N1,000 to the dollar, compared…
Access Holdings Plc has reported a significant increase in its profit before tax (PBT) and profit after tax (PAT) for the first half of 2023. According to the company’s audited financial statements submitted to the Nigerian Exchange Group (NGX), PBT…
In the eight-month period leading up to August 31, 2023, the value of listed equities traded in Nigeria reached a significant high of N2.42 trillion. This marks an increase from the N1.89 trillion recorded during the same period in 2022,…
The CEO of First Bank of Nigeria Limited, Dr. Adesola Adeduntan, has reaffirmed the bank’s commitment to regulatory compliance and due diligence. Speaking at a meeting of the Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN), Adeduntan emphasised…
The prices of various food items, including beef, tomatoes, beans, garri, and yam, have risen in August, according National Bureau of Statistics (NBS). NBS released its Selected Food Prices Watch report for August 2023 in Abuja, revealing the increase. In…
By Sodiq Adelakun The Labour Party’s presidential candidate for the 2023 general elections, Peter Obi expressed his concern over the increasing reliance on the US dollar in Nigeria’s economy. In a television interview on Monday, Obi emphasized the need for…
Naira put on a dazzling performance on Friday, leaving traders in awe as it appreciated by a remarkable 2.6 percent. With a closing rate of N755.27/$1, it outshone its previous session’s rate of N775.31/$1 on Thursday. Throughout the trading day,…
…As domestic debt surges to N54.13trn By Sodiq Adelakun In a bid to enhance the delivery of basic education and primary healthcare services, the Bola Tinubu-led Federal Government of Nigeria is currently in talks with the World Bank for a…
By Sodiq Adelakun In his 63rd Independence Anniversary broadcast, President Bola Ahmed Tinubu emphasised the importance of making monetary policy accessible to all, rather than just benefiting the wealthy. He expressed confidence that this goal could be achieved through the…
