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BusinessNews

Nigeria’s GDP rose by 3.46% amid protest against hunger

By Chioma Obinagwam The National Bureau of Statistics (NBS) revealed that the domestic economy maintained its growth pace for the third consecutive quarter...

BusinessNews

Nigeria’s headline inflation leaps to 28.92%

By Chioma Obinagwam   Nigeria’s headline inflation grew higher by 72bps to 28.92% y/y in December (November: 28.20% y/y).   Confiance News gathered...

BusinessNews

‘Is 2024 a year of crisis or confidence?’ Pundit reveals

By Chioma Obinagwam Overview of 2023 The performance of the domestic economy appears to have deteriorated compared to 2022 full year (FY) levels,...

BusinessNews

How NGX market cap hit N1.4trn in August

By Chioma Obinagwam   Nigerian Exchange Limited (NGX) has notched a N1.4 trillion market capitalization amid concerns around the soaring inflation, interest rate...

BusinessNews

Forex: Investors adopt wait-and-see approach to CBN’s policy

By Chioma Obinagwam As Nigeria’s apex monetary authority, the Central Bank of Nigeria’s (CBN’s) latest policy on Foreign Exchange (Forex) gains momentum, investors...

BusinessNews

Analysts react to latest MPR hike by CBN

…says hike in subsequent MPC meeting not unlikely Chioma Obinagwam Analysts at Cordros Research, the research arm of Cordros Capital, have reacted to...

BusinessNews

Nigeria’s Money market to witness liquidity surge amid FAAC allocation

By Chioma Obinagwam Activities in the money market of Africa’s largest economy, Nigeria, is expected to witness a leap in the coming week....

BusinessNews

‘Nigeria’s forex woes will linger beyond short term…’ Analysts forecast

By Chioma Obinagwam Nigeria’s Forex (FX) liquidity issues is expected to last beyond the short term.   Confiance News gathered from the weekly...

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Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

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