Economy - Page 15

Panic as Nigerian Government Resumes Clampdown on Street FX Traders

May 7, 2024

By Dipo Olowookere There is palpable fear in the black market segment of the currency market in Lagos as security officials have resumed clampdown

Economy

Stock Investors Lose N599bn as Profit-Taking Intensifies

April 17, 2024

Dipo Olowookere

By Dipo Olowookere For the 14th trading session, the Nigerian Exchange (NGX) Limited closed in the red zone after it depreciated by 1.04 per

Economy

Dangote Crashes Diesel Pump Price to N1,000 Per Litre

April 16, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The pump price of Automotive Gas Oil (AGO), otherwise known as diesel, has been brought down to N1,000 per litre, thanks

Economy

Stanbic IBTC Capital Facilitates Axxela’s N16.4bn 10-Year Bond Sales

April 16, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale The investment banking subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Capital, has used its expertise in the Nigerian capital market to

Economy

Food Inflation Slowing Down—Wale Edun

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said Nigeria’s food inflation has started easing

Economy

Shareholders Approve Afriland Properties N343.5m Dividend Payout

April 16, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale A dividend payout of N343.5 million has been approved by shareholders of Afriland Properties Plc at the company’s 11th Annual General

Economy

Fidelity Bank Shareholders to Get 70% Rise in FY 2023 Dividend Payout

April 16, 2024

Dipo Olowookere

By Dipo Olowookere Fidelity Bank shareholders will receive a final dividend of 60 Kobo per share if approved at the next Annual General Meeting

Economy

Tax Incentives: FG to Give Clarity on Revised IDEC Process April 23

April 16, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The federal government has invited manufacturers, importers, MDAs, NGOs and all other key industry stakeholders to a meeting to provide clarity

Economy

NASD Unlisted Security Index Sheds 0.04% to 1,028.33 Points

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week (Monday, April 15) with a 0.04 per cent decline amid cautious trading

Economy

Naira Now N1,136/$1 Amid Persistent Inflationary Pressures

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated further against the United States Dollar by 0.6 per cent or N6.34 at the Nigerian Autonomous Foreign Exchange

Economy

Oil Prices Slip as Iran Attack on Israel Concerns Ease

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices slipped on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of

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