Economy - Page 1502

Analysts Expect CBN to Raise Rate to 25.75% to Attract Hot Money

May 21, 2024

By Aduragbemi Omiyale To attract Foreign Portfolio Investments (FPIs) so as to achieve a stable exchange rate system, the Central Bank of Nigeria (CBN)

Economy

Lekki Free Trade Zone Will Boost Lagos Economy—Ambode

May 21, 2018

Dipo Olowookere

By Dipo Olowookere Governor Akinwunmi Ambode of Lagos State disclosed on Sunday that investment activities in the Lekki Free Trade Zone would have a

Economy

FY 2017: Leadway Assurance Post-Tax Profit Grows 91% to N13b

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The management of Leadway Assurance Company Limited has announced recording a profit after tax of N12.8 billion in the year ended

Economy

AIO Suspends IGI, Prestige Assurance, Others Over Membership Fees

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Some insurance companies operating in Africa have been suspended by the African Insurance Organization (AIO) over their failure to pay subscription

Economy

Linkage Assurance Grows Profit by 431% to N2.9b in 2017

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The 2017 business year was a very good one for Linkage Assurance Plc as the insurer increased its profit after by

Economy

Stock Recommendation for this Week (May 21)

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Last week, the Nigerian stock market closed in red after a largely bearish session on Friday of -0.44 percent, leaving the

Economy

Nigeria’s GDP Records 1.95% Growth in Q1 2018—NBS

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The National Bureau of Statistics (NBS) has disclosed that Nigeria recorded 1.95 percent year-on-year growth in her Gross Domestic Product (GDP)

Economy

Fundamentally Sound Stocks to Lift Equity Market This Week—Analysts

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Analysts in the capital market have predicted that this week, the equity market will welcome back bulls. This, they said, would

Economy

CBN Sells N75b Treasury Bills in One Week

May 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) last week auctioned treasury bills worth N74.79 billion to investors at the market. The exercise

Economy

Firm Unveils App for Purchase of Treasury Bills, Others

May 21, 2018

Dipo Olowookere

By Dipo Olowookere An inter-brokerage services firm, Parthian Partners Limited, has developed a mobile application to make investment in treasury bills seamless. The new

Economy

Naira Gains 0.06% at I&E Window, Weakens by 0.28% ar Black Market

May 20, 2018

Dipo Olowookere

By Cowry Asset Last week, the local currency appreciated week-on-week (w-o-w) against the Dollar at the Investors & Exporters Forex Window (I&E FXW) by

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