Nigerian equities market goes bearish after hitting over nine year high

FELIX OLOYEDE Profit-taking caused the Nigerian Stock market to go bearish for the first time this week after reaching over nine year high on Wednesday. The All Share Index declined -0.08 per cent to close at 44,848.74 point on Thursday after hitting 44885.24 point the previous day, the highest since September 2008 when it closed 48361.51 point. The More...

by Felix OLOYEDE | Published 5 days ago
By Felix OLOYEDE On Thursday, January 18th, 2018
0 Comments

Banks enjoy improved liquidity as overnight rate drops three consecutive days

FELIX OLOYEDE The redemption of Treasury Bills by Federal Government has helped to improve liquidity in Nigerian banking sector as overnight rate declined three consecutive times this week. Overnight (O/N) rate More...

By Felix OLOYEDE On Wednesday, January 17th, 2018
0 Comments

Political activities, currency movement to impact stock market in 2018, says NSE CEO

FELIX OLOYEDE Oscar Onyema, CEO, Nigerian Stock Exchange Activities leading to the 2019 general election and foreign exchange movement would affect the Nigerian Stock Exchange in 2018, Oscar Onyema, Chief Executive More...

By Felix OLOYEDE On Tuesday, January 16th, 2018
0 Comments

Why CBN won’t cut interest rate despite inflation slowing down to 20 month low

…Nigerian inflation rate slows to 15.37%, lowest since April 2016 FELIX OLOYEDE Prof. Yemi Kale, DG, National Bureau of Statistics Those agitating for interest rate cut in first quarter may have to wait longer More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
0 Comments

# Nigeria 100: Annual list of the most powerful and influential Nigerians, 2017

# Nigeria 100: Annual list of the most powerful and influential Nigerians, 2017 Nigeria is a country of very powerful men and women strewn across a broad stratum of the society. Lords of various dimensions jostle More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
0 Comments

IFRS 9: Banks to cut credits to private sector to mitigate impact

By FELIX OLOYEDE New credit regulatory standards imposed by international financial regulatory agencies in 2018 may pose a fresh challenge to Nigerian banks. The introduction of International Financial Reporting More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
0 Comments

Experts forecast good prospect for the Naira

By FELIX OLOYEDE Renewed investor confidence in the Nigerian foreign exchange market and the Central Bank of Nigeria’s (CBN) continued interventions have eased pressure on the naira as the country’s currency More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
0 Comments

Rising oil prices: Prospects brighten for 2018 budget

By UCHE CHRIS Nigeria’s 2018 budget may have been saved by the rising oil price in international market which has maintained a significant level above the price benchmark for the budget. At the end of last week, More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
0 Comments

Stock market bounce lifts economy

… Dangote, Zenith, GTB win big Okey Onyenweaku The New Year started off on a bright note for the Nigerian stock market as the All Share Index (ASI) soared by 12.17 per cent year to date at the end of the previous More...