30
Sep
September 30, 2022
| NGX ASI outperforms inflation in three years – Thisday |
| The Nigerian Exchange Limited All Share Index outperformed the average inflation the country has witnessed in a circle of three years. The annual inflation rate as measured by the Consumer Price Index for the month of September stood at 20.52 per cent according to the National Bureau of Statistics. While the NGX ASI had a year-to-date performance of 15.68 per cent within the year in review…………..Read More |
W’Bank Approves $750m to Strengthen Business Enabling Environment in States – Punch |
| The World Bank yesterday approved $750 million International Development Association (IDA) credit to support the Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results. The Washington-based institution which disclosed this in a statement yesterday, explained that the IDA credit would help Nigeria accelerate the implementation of critical actions that will improve the business enabling environment in states..”………….Read More |
Insecurity, others drive up agric imports to N4.6tn – Punch |
| Amid an unending insecurity crisis that has negatively impacted farming activities in many parts of the country, the total value of agricultural products imported into Nigeria within the last two years rose to N4.6tn, findings by The PUNCH have revealed. According to data collated from separate Foreign Trade Statistics of the National Bureau of Statistics, Nigeria imported agric imports to the tune of N2.36tn between June 2022 to June 2021, while another N2.31tn was imported between June 2021 and June 2020………….Read More |
Nigeria’s domestic debt service grows by 46%, gulps N1.33 trillion in six months 2022 – Nairametrics |
| Nigeria’s federal government spent N1.33 trillion to service domestic debts in the first half of 2022, representing an increase of 42.5% compared to N935.46 billion spent in the corresponding period of 2021. When compared to the second half of 2021, domestic debt service increased by 19.2% from N1.19 trillion. This is according to data released by the Debt Management Office (DMO)…………Read More |
Nigerian companies raise N162.51 billion from Commercial papers in September – Nairametrics |
| Following the commitment to foster economic development by championing and supporting market-driven strategic initiatives, the Nigerian Debt Capital Market (DCM) has continued to witness significant activity with diverse corporate institutions, tapping the market as an efficient alternative to meeting their funding and liquidity requirements ……….…..Read More |