Naira continues to struggle
The Naira continues to struggle, declining by one naira on the black market over the weekend.…
Recession hurts Nigeria’s manufacturers
Nigeria's second quarter GDP figures revealed that the country's manufacturing sector declined by 3.4 per cent decline in real terms as the country slipped into recession.…
Nigeria investors await outcome of MPC meeting
Nigeria's Monetary Policy Committee will kick off its bi-monthly meeting on Monday. Investors will keep a close eye on the outcome of the meeting as the monetary authorities react to the economic…
Nigeria’s market up 0.23 %
The Nigerian Stock Exchange opened the week on a positive note with the NSE All Share Index rising 0.23 per cent on Wednesday.…
IMF speaks on Nigeria’s recession
Second quarter GDP figures released by the National Bureau of Statistics confirmed that Nigeria is now in its worst recession in 29 years, as the economy contracted by 2.1 per cent.…
Is Nigeria becoming the next Venezuela?
Multiple exchange rates, a reluctance to officially devalue the currency and a forex shortage are a few similarities between Nigeria and Venezuela that have fuelled concerns that Nigeria may be on the…
Nigerian stocks rise on bargain hunting
The NSE All Share Index gained 0.2 per cent on the back of bargain hunting in some bellwether stocks. Appreciation from Nestle and Nigerian breweries saw the consumer goods index gain one…
How can Nigeria get out of recession?
Analysts at Agusto and Co say the reforms required to get Nigeria out of recession will entail a clear ideological understanding of government's role in the economy, which include the generation of…
Nigeria plans to raise N120bn from local debt market
Nigeria plans to raise 120 billion naira in local-currency denominated bonds at an auction on the 14th of September.…
Nigeria Stock Exchange closes in red zone
The Nigeria Stock Exchange All Share Index continued its negative trend and ended for the day in the red for the third consecutive session.…
Nigeria’s economic crisis shakes foreign airlines
An economic recession and a shortage of foreign exchange is having a significant impact on the operations of local and foreign airlines in Nigeria.…