Fitch Ratings has revised the outlook on Nigeria’s long-term foreign-currency Issuer Default Rating to stable from negative and affirmed the IDR at ‘B’. The international rating...
Global halal market is now estimated to worth over $2.3 trillion and still growing at an annual rate of 20 per cent, Muhammad Tukur Arabi, the...
The Federal Government has said that it does not make sense for oil to be cheaper in Nigeria than Saudi Arabia, Egypt, Niger Republic and Republic...
The market capitalisation of the Nigerian equities market rose to N14.039 trillion on Wednesday for the first time since March 2020. The bullish run of the...
The Federal Executive Council (FEC) chaired by President Muhammadu Buhari has approved N13.08 trillion as budget proposal for 2021. Zainab Ahmed, the minister of finance, budget,...
Assets and cash worth more than N700bn have been recovered through the whistleblower policy of the Federal Government, the Minister of Finance, Budget and National Planning,...
By Investdata Analysts The bull rampage on the Nigerian Stock Exchange (NSE) continued on Tuesday as positive sentiment boosted highly capitalized stocks causing a rally that...
The foreign reserves of Nigeria received a boost of $200 million on Tuesday following a ruling in favour of the country by a Commercial Court in...
Oil prices sunk on Tuesday and a global equities rally that had kicked off the week fizzled, as a month of choppy trading neared its end...
Investors at the Nigerian Stock Exchange (NSE) have continued to reap the positive effects of recent rate cut by the Central Bank of Nigeria (CBN) which...
By CardinalStone Research Analysts ________________________________ While a few others are reeling… In our view, Flour Mills of Nigeria Plc (FMN) looks set to record strong traction...
Bullish sentiments were sustained on the local bourse at the start of the week, as interest in MTN Nigeria (2.0 per cent), WAPCO (6.3 per cent)...
Skyway Aviation Handling Company Plc (SAHCO), reported revenues of N3.1 billion in the second quarter of 2020 compared with N3.5 billion in the same period in...
Fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public debt stock to N31.699tn in coming...
The power generation statistics for 2019 reflected that a total of 33,448,633 MWh of energy was generated by power stations, the National Bureau of Statistics (NBS)...
By Hussein Sayed ____________________ Equity markets in Asia along with European and US futures edged slightly higher early Monday as investors grapple with many variables that...
Management of the Nigerian Stock Exchange (NSE) has lifted suspension placed on shares of R.T Briscoe Nigeria Plc following fulfillment of financial account filing obligations by...
The Central Bank of Nigeria (CBN) has said it will pursue expansionist monetary policies to save the country from economic headwinds and combat recession. God Emefiele,...
In sharp contrast to the record sell-offs across global markets, Nigerian equities recorded their best weekly performance in four months, crossing 26,000 points for the first...
Market Update for the Week Ended September 25 and Outlook for Sept 28-Oct 2 By Investdata Analysts Equity prices in the last full trading week of...