Chinwe Godbless

The World Bank has said that no fewer than 10 million Nigerians were pushed into poverty in 2023 as a result of rising inflation and weak earnings. In its Macro Poverty Outlook for Nigeria: April 2024, the World Bank said nominal earnings have drastically lagged behind the surging inflation rates, rendering the economic growth of […]

Guaranty Trust Holding Company Plc (GTCO) led 61 other laggard equities with a loss of N7.90 to drag the stock market indices down by 2.71 per cent, week-on-week. Specifically, the share price of GTCO which opened the week at N41.40, shed N7.90 to close the week at N33.50 per share. Unity Bank trailed with a […]

The naira has maintained a rate of above the N1200/$ band at the unofficial market for days, bringing about a break in its weekly gains against the dollar. Findings by this newspaper showed that on Sunday, the naira traded at N1,207/$ at the parallel market, representing a 15 per cent weekly decrease from N1,050/$ recorded […]

ell-offs in MTN, others pull NGX market down by N673 billion The Nigerian equity market on Wednesday experienced a downturn, losing N673 billion in market capitalisation due to sell-offs in major stocks like MTN Nigeria and Transcorp Hotel Specifically, the market capitalisation shed 1.20 per cent or N673 billion to close at N55.494 trillion, compared […]

The Medical and Dental Council of Nigeria (MDCN) says only 58,000 doctors renewed their annual practice licence out of the 130,000 registered doctors in the country. The Deputy Registrar of MDCN, Dr Victor Kolawole, disclosed this at the Induction/Oath Taking Ceremony of the 2022/2023 Batch B Medicine and Surgery graduates of the Edo State University, […]

The naira on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N11.71 READ ALSO Naira gains N30 in parallel market, trades N1.419.11/$ at official […]

The Securities and Exchange Commission (SEC) has made a strong case for the removal of the naira as a currency pair from cryptocurrency peer-to-peer platforms. Acting Director-general of the commission, Dr. Emomotimi Agama, made the advocacy at a virtual meeting with the Blockchain Industry Coordinating Committee of Nigeria (BICCoN). READ ALSO Shettima aborts US trip […]

The Managing Director and Chief Executive Officer, Nigerian Consumer Credit Corporation, Uzoma Nwagba, has disclosed that over 1.6 million people have so far applied for the consumer credit scheme. The scheme, aimed at aiding working citizens to access loans for important purchases, took off three weeks ago. READ ALSO Why I set Kano mosque on […]

Market capitalisation on the Nigerian Exchange Ltd. (NGX) shed N18 billion on Friday as the gains recorded in the previous session were reversed. This indicates four losses out of the five trading sessions of the week. READ ALSO NGX market capitalisation down by N297 billion Investors’ demand for banking stocks yields N18 billion profit Notably, […]

The Naira on Monday gained N28.34 at the official market, trading at N1,468.99 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the gain represented a 1.89 per cent appreciation for the Naira. READ ALSO CBN writes banks, withdraws circular on cybersecurity levy Court okays social media handle as […]