Economy

  By Tony Obiechina The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has expressed delight at the 4th Quarter 2018 numbers just released by the National Bureau of Statistics (NBS). The report shows that the real Gross Domestic Product (GDP) grew by 2.38%, indicating the strongest quarter growth …

    By Tony Obiechina Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have pledged their total commitment to the formulation of sound policies that will enhance the safety and stability of the nation’s financial system. Chairman of the Board, Mrs Ronke Shekefun who stated …

The Nigerian Stock Exchange (NSE), and Afrinvest Securities Limited (ASL), a leading capital market research and securities execution platform, announced the launch of the NSE-Afrinvest Banking Value Index (NSE-Afr BVI), and the NSE-Afrinvest High Dividend Yield Index (NSE-Afr HDYI), designed to optimise investors returns through measurement of stocks value.

From UDO ONYEKA, Lagos The Naira on Friday closed trading on a positive note by reversing the marginal loss made on Thursday.

Bonds auction results in the past few months for both the federal government bonds and the savings bonds show that the level of patronage has declined.

From Udo Onyeka, Lagos Nigeria’s real gross domestic product (GDP) growth will expand by 2.2 per cent in 2019, the World Bank said in its annual Global Economic Prospects published yesterday. This slightly upgrades the country’s projected growth rate from 2.1 per cent in June 2018.

The National Bureau of Statistics (NBS) published no fewer than 341 reports on different sectors of the economy in the past two years.

  A cross-section of entrepreneurs in Ibadan, the Oyo State capital, on Wednesday called for more support for Small and Medium Scale Enterprises (SMEs) in order to boost the Nigerian economy.

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market. The director, Corporate Communications, CBN, Mr Isaac Okorafor, yesterday in Abuja, said the apex bank offered 100 million dollars as wholesale interventions …

The volatility of the Nigerian Stock Exchange (NSE) remained unabated on Monday with crucial market indices decreasing further by 0.78 per cent.