Analysis

Financial Derivatives Company Limited has said the Nigerian economy is expected to grow by 2.6 per cent in the second quarter of this year, up from 0.51 per cent in Q1. Analysts at Lagos-based FDC, led by an economic expert, Mr Bismarck Rewane, said the expansion of the GDP growth …

Ololade Omosan-Agie Equities listed on the Nigerian Exchange Limited gained N30.03bn at the end of trading, even as the number of losers surpassed the gainers. The NGX All-Share Index gained 0.15 per cent as it rose from 38,547.08 basis points recorded at the end of the previous trading day to …

Ololade Omosan-Agie Oil and gas firms led the upturn in the stock market on Monday as investors gained N94.04bn at the end of trading on the floor of Nigerian Exchange Limited. The NGX All-Share Index appreciated by 0.47 per cent on Monday closing at 38,849.08 basis points from 38,667.90 earlier. …

Oluwasina Phillip The consumer price index, which measures inflation increased by 17.75 per cent (year-on-year) in June 2021.This is 0.18 points lower than the rate recorded in May 2021 (17.93 per cent). The National Bureau of Statistics disclosed in its Consumer Price Index report for June which was released on …

As economies reopen in various parts of the world, the price of some commodities has soared, including the prices of prominent industrial metals. The extent to which the metals price rally may lose steam depends on how multiple factors will play out.As our latest chart of the week shows, metals …

Ebuka Daniel The Nigerian stock market closed on a negative note for the seventh consecutive trading session on Tuesday amid investors continued to take profits. The market has been falling since May 14, with the All Share Index of the Nigerian Exchange Limited dropping from 39,481.89 basis points to 38,256.76bps …

Oluwasina Phillip Nigeria’s external reserves have plunged to its lowest level since April last year despite a surge in crude oil prices which has tripled global prices around the same period in 2020. Reserves fell to $34.57bn on April 11, 2021, according to data on movement of reserves. The fall represents a …

Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020, latest figures from the National Bureau of Statistics showed on Monday. The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged …

President Muhammadu Buhari Thursday in Abuja emphasized that security chiefs have received marching orders to go harder on criminals, including to shoot anyone found illegally with AK-47. The President spoke on Thursday at a meeting with the National Council of Traditional Rulers of Nigeria at the State House, co-chaired by …

Luck ran out on a syndicate of 13 cybercrime suspects on Thursday March 11, when operatives of the Abuja Zonal Office of the EFCC raided their hideouts and apprehended them. Five of the suspects were picked up at an N8m a year apartment in Gilmore Estate, Jahi, while the other …