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Latest News in Nigeria - Page 20

Food Inflation In Nigeria Drops To 23.51%, But Prices Remain High

Food Prices Drop North East As Farmers Flood Markets With Grains

The prices of food items in Nigeria’s Northeast region have dropped significantly as farmers bring in large quantities of harvested grains ahead of the Ramadan fast. The decrease in food prices follows a bumper harvest recorded across states like Borno, Adamawa, Taraba,

February 23, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Ends Week on Positive Note As Consumer Goods, Insurance Stocks Lead Gains

Nigeria’s equity market closed the week with a 0.41% gain, adding N196 billion in value. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) climbed from 108,053.95 points to 108,497.4 points, while market capitalisation increased from N67.418 trillion to N67.614 trillion. The rise

February 22, 2025

News·Politics

Atedo Peterside Dismisses IBB’s Admission of Abiola’s ’93 Victory

Atedo Peterside, the founder of Stanbic IBTC Bank, has dismissed former military ruler Ibrahim Babangida’s recent acknowledgment of MKO Abiola’s 1993 election victory, calling it an irrelevant admission that comes too late to matter. Peterside’s sharp reaction follows Babangida’s claims in his

February 22, 2025

Business·Markets·News

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

The Nigerian stock market closed lower on Thursday, shedding 0.04 percent as investors reacted to the Monetary Policy Committee (MPC) decision to keep benchmark interest rates unchanged. Market Reacts to MPC Decision After a two-day meeting, the MPC announced that it would

February 21, 2025

Business·Markets·News

Nigeria’s Equity Market Gains 0.87% As Investors React To MPC Meeting

Nigeria’s equity market recorded a 0.87% gain on Wednesday, marking its first positive close of the week. Investors responded to the start of the Monetary Policy Committee (MPC) meeting, which is expected to shape economic policies. Key stocks, including BUA Foods, Eterna,

February 20, 2025

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Strengthens To N1,535/$1 As Market Confidence Improves

The Naira appreciated to N1,535 per dollar in the parallel market, also known as the black market, as traders reported lower demand for the dollar and improved liquidity conditions. This represents a gain of N25, or 1.6%, compared to Monday’s rate of

February 19, 2025

Business·FEATURES·Finance & Economy·News

Is Nigeria’s Inflation Drop Government’s Propaganda Or Genuine Relief?

Nigeria’s inflation rate dropped to 24.48% in January 2025, a significant decrease from the previous 34.80% in December 2024, according to the National Bureau of Statistics (NBS). This report which was earlier reported by Prime Business Africa was seen as a positive

February 19, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Sees Dip Despite Positive Inflation Data

The Nigerian equity market recorded a decline of 0.25 percent on Tuesday, marking its second consecutive drop this week. This fall came despite the release of encouraging inflation figures for January, which showed a significant decrease in the country’s inflation rate. At

February 19, 2025

Business·News

Nigeria’s Inflation Drops To 24.48% In January

Nigeria’s headline inflation rate dropped significantly to 24.48% In January 2025, marking a notable decrease from the 34.80% recorded in December 2024. The decline in inflation comes as a relief to many Nigerians grappling with the high cost of living and economic

February 18, 2025

Africa·News·Politics

Niger Republic Bars Nigerians Traveling With ECOWAS Passport

The Republic of Niger has begun enforcing new travel restrictions, barring Nigerians with only an ECOWAS passport from entering the country. The move comes in the wake of Niger’s recent decision to withdraw from the Economic Community of West African States (ECOWAS),

February 18, 2025

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Latest News in Nigeria - Page 20

Food Prices Drop North East As Farmers Flood Markets With Grains

Nigeria’s Equity Market Ends Week on Positive Note As Consumer Goods, Insurance Stocks Lead Gains

Atedo Peterside Dismisses IBB’s Admission of Abiola’s ’93 Victory

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

Nigeria’s Equity Market Gains 0.87% As Investors React To MPC Meeting

Naira Strengthens To N1,535/$1 As Market Confidence Improves

Is Nigeria’s Inflation Drop Government’s Propaganda Or Genuine Relief?

Nigeria’s Equity Market Sees Dip Despite Positive Inflation Data

Nigeria’s Inflation Drops To 24.48% In January

Niger Republic Bars Nigerians Traveling With ECOWAS Passport

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