Nigeria’s National Bureau of Statistics (NBS) has announced plans to rebase the country’s Gross Domestic Product (GDP) and inflation data by the end of January 2025. The move is designed to capture structural changes in the economy and align economic statistics with current growth and […]
Category: Money Market
Money Market
Nigeria’s Headline Inflation Rate Increases to 34.80% in December 2024
Nigeria’s headline inflation rate rose to 34.80% in December 2024, according to the latest report from the National Bureau of Statistics (NBS). This represents a slight increase of 0.20% from the 34.60% recorded in November 2024, primarily driven by heightened demand for goods and services during the festive season. The […]
Wale Edun Urges IsDB To Prioritize Sustainable Investments In Key Sectors
Nigeria’s Minister of Finance, Wale Edun, has called on the Islamic Development Bank (IsDB) to prioritize sustainable investments and innovation in critical sectors, including energy, infrastructure, agriculture, and railway development. The appeal was made during the IsDB Governors’ Retreat in Al-Madinah, Saudi Arabia, aimed at shaping the […]
GTCO PLC Raises ₦209 Billion in Equity Capital, Paves Way for Strategic Growth
Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of the first tranche of its equity capital raise programme, securing N209.41bn. The milestone follows the approval of the Basis of Allotment by the Securities and Exchange Commission (SEC) and the conclusion of a capital verification exercise by […]
Guinness Nigeria, Sterling Holding Company, Two Others Exits NGX 30 Index
The Nigerian Exchange Limited (NGX) has unveiled the results of its full-year market index review, leading to significant changes in its NGX 30 Index and other market indices. The updates, effective from (Today) Thursday, January 2, 2025, mark key developments for listed companies across various sectors. Conoil […]
Polaris Bank, Partners Support 16,000 Students To Reduce Out-Of-School Children In Nigeria
Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the Bank has ensured continuous education for over 15,000 students, providing them with the opportunity to learn, thrive, and contribute to a better future. […]
FCMB Group Completes Public Offer, Raises N147.51bn with 33% oversubscription.
FCMB Group Plc has announced the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (S. The Group noted that the offer was oversubscribed by 33 per cent, attracting 42,800 investors with 92 per cent subscribing […]
Yuletide: Ecobank Warns Customers To remain Vigilant Against Fraudsters ….Assures Customers Of Consistent Digital Banking Access
As Nigerians prepare for the year-end festivities, Ecobank Nigeria has cautioned its customers to remain vigilant against fraudsters throughout the holiday season. The Bank also guaranteed customers uninterrupted access to banking services through its digital during this time. Head of Consumer Banking at Ecobank Nigeria, Mrs. Adeola Ogunyemi, […]
Access Bank Hosts President Steinmeier, Commits to Strengthening German-Nigerian Trade Relations
Access Bank Plc last week welcomed the President of the Federal Republic of Germany, Frank-Walter Steinmeier, during his first official visit to Nigeria, underscoring the growing importance of German-Nigerian economic ties. Accompanied by a delegation of German business leaders and representatives, President Steinmeier’s visit highlights Access Bank’s pivotal role in […]
Committee Of Banks In Nigeria Donates Multimillion Naira Relief Materials To Jigawa Flood Victims
The Committee of Banks in Nigeria on Thursday lifted the victims of the recent flooding in some parts of Jigawa State with a solidarity visit to Dutse, the state capital, during which they made donation of assorted items of relief materials to the State Government as part of their own […]