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CATEGORY

Economy

Nigerian Banks: Opportunity or Value Trap?

Nigerian Bank stocks are cheap, when compared to frontier market peers, despite a majority of them still declaring profits and paying out juicy dividends. Zenith...

Nigeria Central Bank Hikes Policy Rate to 13% on Rising Inflation Risk

In a bid to tame rising inflation, particularly on the eve of a consequential election year, the Central Bank of Nigeria (CBN) on Tuesday...

Nigeria’s GDP Grows by 3.11% in Q1, What Next?

BY Lukman Otunuga There are two ways one could interpret Nigeria’s latest GDP figure of 3.11% in Q1 of 2022. The optimists will say the...

Tier 1 Banks’ Income From Treasury Bills Hit N233.15 bn in Q1

The top 5 largest banks in Africa’s largest economy are gradually enjoying juicy yields as income from treasury bills, government bonds and others grew...

CBN Disowns Statement on Withdrawal of Naira Notes from Circulation

The central Bank of Nigeria (CBN) has come out to disown a news item that it intends to replace the Naira notes in circulation...

FG Declines Consent to Seplat, Mobil Oil Producing Assets Acquisition Deal

The federal government declined its consent to the proposed acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU) by...

CBN Policies Shield Nigeria from Worst of Global Inflation Crises

From food riots in Sri-Lanka to rising commodity prices putting a strain on the global economy, there is evidence policies of the Central Bank...

Spotlight on Nigeria’s Growing Fiscal Deficit

It’s no secret that many developing countries boast high fiscal deficits in the pursuit of economic growth. Nigeria’s ballooning debt profile is a perfect example...

Oil Marketers Are Ripping Us Off – Airline Operators

Airline Operators of Nigeria, AON, described a graphic picture of how major oil marketers are shortchanging them with the cost of aviation fuel, also...

Notore Chemical Returns to Profit in Q1 as Nigeria Fertilizer Exports Surge

Notore Chemical a maker of Urea and NPK returned to profit in the first quarter (Q1) of 2022 as Nigeria Fertilizer exports surged. The firm...

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