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MayOlayemi Cardoso, the Central Bank of Nigeria (CBN) governor, indicated that interest rates would remain elevated until the inflation rate diminishes. In a report by the Financial Times on Monday, Cardoso also mentioned that orthodox policies would be employed to curb inflation. In March, Nigeria’s inflation rate surged to 33.20 percent from 31.70 percent in February. Consequently, […]
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MayTHE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR MAY 6th – 10th, 2024 Investors traded a lot more shares last week compared to previous week. They bought and sold a total of 2.19 billion shares last week, which is 12.68% more than the 1.94 billion shares traded the previous week. The value of those shares also went up[…]
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MayThe Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stressed that the 19 oil blocks put forward for sale under the 2024 bidding round are not for politicians. They are for investors with financial capacity and technical competence. Senator Lokpobiri said in the past, the award of oil blocks culminated in the non-development of over[…]
