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MayReport recently published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) dropped to 2.31% in the first quarter of 2023 from 3.52% recorded in the fourth quarter of 2022. The reduction in growth is attributed to the adverse effects of the cash crunch experienced during the quarter. The performance of the GDP […]
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MayThe Central Bank of Nigeria (CBN) has increased the interest rate from 18% to 18.5%. The CBN governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja. Mr Emefiele, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR. Source: CBN[…]
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MayTransactions on the floor of the Nigerian Exchange on Wednesday closed on a bullish as The All Share Index rose by 0.58% to close at 52,927.60 points from the previous close of 52,621.19 points. The Market Capitalisation appreciated by 0.58% to close at N28.819 trillion from the previous close of N28.653 trillion, thereby gaining 166 billion. An[…]
