Finance

Policy efforts from countries to drive recovery amid pandemic   The International Monetary Fund (IMF) has maintained that Nigeria continues to hold the prospects of growing its gross domestic products (GDP) at 2.5 percent this year and 2.6 percent in 2022. In its July World Economic Forecast titled, ‘Fault Lines Widen in the Global Recovery’, […]

Local investors hold firm on NGX ahead of‭ ‬foreign investors as total FPIs rose 3.7% Global ETFs/ETPs reached‭ $‬9.35trn‭; ‬net inflows peak at‭ $‬88.50bn as at June 2021   The optimism and confidence levels of market investors bounced back to green at the end of the second quarter after the bearish trend reported in May […]

The local bourse wrapped up the week’s activities in the green on the last day due to improved market activities from large crosses in names such as MTN Nigeria, Guaranty Trust Holding Company, amongst others. The week’s summation, however, saw the market shed about N63 billion in losses, but it still left some analysts positing […]

  As CBN says lenders in good shape   Nigerian lenders along with other financial institutions in Africa are to benefit from a training for African respondent banks to enhance their ability to obtain and maintain correspondent banking relationships. The African Export-Import Bank (Afreximbank) and the Bankers Association for Finance and Trade (BAFT) announced the […]