OMICRON: What Buhari Told South Africa’s Sick President, Ramaphosa
President Muhammadu Buhari has sent a get-well message to his South African counterpart, Mr Cyril Ramaphosa, who tested positive for COVID-19.
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Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers
High demand and poor production capacity of wheat have propelled an allotment of N41billion already being disbursed by Heritage Bank Plc to farmers across multiple states to expand the wheat production project. The Central Bank of Nigeria’s disbursed fund is to actualise
2023 Election Fears Boost Short-term Domestic Lending To Nigerian Govt
Domestic investors now focus more on short-term lending to the Federal Government in anticipation of uncertainties and the outcome of the crucial 2023 general election. This showed in the profile of domestic borrowing activities of the FG in the nine months period
Apex Bank Chief Seeks Stronger Financial System For Africa
The financial system will be critical in actualising Africa’s huge potentials just as it plays important role in charting an economic recovery path from COVID 19. Deputy Governor, Financial System Stability at the Central Bank of Nigeria, Mrs Aishah N. Ahmad, observed
Fears, Concerns For Nigerian Banks In 2022
ANALYSTS at Vetiva Research, in a new report, say that the operating environment in Nigeria will remain tough for Nigerian banks as a result of harsh interest rates, inflationary pressures, and potential competition from telcos, especially the new payment service banks (PSBs)
Tech-savvy Nigerian Banks Defying Global Trends?
The business world has not fully recovered from the devastating effects of Coronavirus (COVID-19) sweeping through Africa and its economies, impacting lives and livelihoods. In this report, Prime Business Africa’s CHIMARA BYGOLD x-rays how Nigeria’s banking system probably emerged stronger, making profits in 2021
Rush For Heavyweight Shares Pushes Market Gain To N217 Billion
Bouyed by the advance mostly derived from appreciation in the shares of MTNN, Seplat, UBA, Access, ETI, GTCO and Sterling Bank, Nigerian stocks gained big on Wednesday as the benchmark index climbed 1 per cent following investor’s tremendous demand for big-cap stocks
Renaissance Capital Sees Official FX Rate at N482, Says Naira 13% Overvalued
Renaissance Capital Limited, a leading emerging and frontier market investment banking firm, predicts that the Naira will hit N482 to a dollar at the investors and exporters (I&E) foreign exchange window in 2022. Renaissance Capital (RenCap) at a webinar organized Wednesday said
Inflation Pushing Global Monetary Policy Normalization – Fitch Ratings
The scale and longevity of the global inflation shock have taken most forecasters and central banks by surprise and is bringing forward the start of global monetary policy normalization, says Fitch Ratings in its latest Global Economic Outlook (GEO), published on Wednesday..
Oil Price To Hit $125 In 2022, $150 In 2023, JP Morgan Says
Oil prices are expected to overshoot $125 a barrel next year and $150 in 2023 due to capacity-led shortfalls in the Organisation of Petroleum Exporting Countries (OPEC), production, JP Morgan Global Equity Research has said. “As the group’s (OPEC+) real volume potential
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Market Analysis: Nigeria’s Q2 Growth Numbers In View
Sector details from today's GDP, especially the balance between services
Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers
The Nigerian All-Share Index edged higher on Thursday, holding above
Naira Rises To N1,500/$ At Official Market
The Nigerian naira has appreciated against the U.S. Dollar for
Bitcoin Steady Above USD 114,000 as Markets Await CPI Release
The PPI fell 0.1% in August, its first drop in
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