18

Oct

Stock market sheds N656bn, down by 2.53%

It was a bearish session on the floor of the Nigerian stock market on Monday as investors’ wealth declined by N656 billion The All Share Index was down by 2.53% to close at 46,365.95 points from the previous close of 47,569.04 points. The Market Capitalisation declined by 2.53% to close at N25.254 trillion from the previous close […]

18

Oct

Nigeria’s inflation rate grew to 20.77% in September 2022

The National Bureau of Statistics has reported that the headline inflation rate in September 2022 was 20.77% as against 20.52% recorded in August 2022. This was 4.14% points higher compared to the rate recorded in September 2021, which was (16.63%). This indicates that in the month of September 2022 the general price level was 4.14% higher relative[…]