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Analysts Chart Roadmap To Boost Nigeria’s Foreign Reserves

Researchers at the Centre for the Study of the Economies of Africa (CSEA), an economic research think-tank with primary focus on developments in Africa’s economies, have canvassed a three-point strategic policy measures for the Federal Government to implement in order to shore up Nigeria’s foreign reserves. The analysts, in the firm’s ‘Nigeria Economic Update Issue […]

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Nigeria’s Capital Importation Up 66.27% In Q4 2023

….Lagos Attracts 65.35% Of Capital Inflows The National Bureau of Statistics (NBS) at the weekend reported that Nigeria’s total capital importation value in the fourth quarter of last year marginally increased to $1.088 billion, slightly higher than the  $1.060 billion recorded in Q4 2022 and represented a 2.62% year-on-year increase. But then, the statistics agency […]

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Analysts Forecast Bullish Momentum In Nigerian Exchange

Investment researchers at Bancorp Securities Limited, a leading investment research and consulting firm, have projected that trading on the Nigerian Exchange (NGX) this week would be bullish as Banking and Service sectors stocks attract investors’ interest. However, the experts in the firm’s ‘Weekly Stock Recommendation: Feb 19- Feb 23’ circulated to our correspondent noted that […]

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AfDB Board Approves $10Mn For Africa’s Green Transition Projects

The Board of Directors of the African Development Bank Group (AfDB) has approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD)” Fund as part of its investment supports for successful green transition of African countries. A news report from […]

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FG Targets N2.5Trn From Bond Auction In February

The Federal Government is targeting to raise N2.5 trillion from its second FGN bond auction of 2024 as part of its efforts to raise more funds through debt instruments in order to bridge the about N9.18 trillion deficit in the approved 2024 budget. According to the latest circular from the Debt Management Office (DMO) on […]

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NSIA Unveils 2nd Edition Prize Worth $220,000 For Innovation

The Nigeria Sovereign Investment Authority (NSIA) has announced the flagging off of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a prize value of US$220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The maiden edition of the NPI Programme commenced with over 2,000 applications and a rigorous […]

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Current Reforms Will Boost Nigeria’s Credit Outlook – Standard Chartered

Standard Chartered Bank has projected that ongoing economic reforms in Nigeria hold the potential of improving Nigeria’s credit outlook, bolster the nation’s macroeconomic stability and create investment opportunities this year. The Global Chief Investment Officer at Standard Chartered Bank’s Wealth Management unit, Mr. Steve Brice, made this disclosure while presenting the Bank’s ‘Global Market Outlook […]

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Indian Investors Secure Approval For New $25Mn Investment In Nigeria

In furtherance of its sustained efforts to boost foreign direct investment (FDI) inflows into the country, the Federal Government has given approval to some Indians to invest new $25 million into the Nigerian economy. The India Consul-General to Nigeria, Shri Chandramouli Kumar Kern, gave this hint during the inauguration of Artemis Laboratories Limited’s new pharmaceutical […]

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IMF Advises CBN To Raise N2Trn Through OMO Bills

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to mop up excess liquidity in the nation’s economy through the issuance of OMO bills of up to N2 trillion in the next 12 months as a strategic step towards thawing rising inflation rate of the country. The development finance institution gave […]

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Analysts Forecast Bearish Sentiment In TB, Bond Markets

……Also Mixed Sentiment In Eurobond Market Researchers at Comercio Partners, one of Nigeria’s firms with core business in trading fixed income securities and equities as well as providing financial advisory and assets management services, have projected bearish sentiment in the nation’s Treasury Bills (TBs) and FGN’s Bond markets this week in view of the micro […]