In July, the Consumer Price Index (CPI) which measures inflation rose by 8.7 per cent (year-on-year). This was 0.3 percentage points higher than the 8.4 per cent rate recorded in June. While changes in the headline index have remained in single digits for the seventh consecutive month, prices edged higher […]
World News
Foreigners invest $5.1bn in FG bonds –DMO
The opening of access and establishment of the Nigerian sovereign bond in the International Capital Market have helped to increase foreign investors’ holding in the Federal Government securities by over 900 per cent from $500m to $5.11bn within the space of one year, figures from the Debt Management Office in […]
Nigerian banks lure S’African lenders
Nigerian banks are rebounding from a record discount to lenders in South Africa as growth prospects for the continent’s two largest economies diverge. Investec Asset Management says the rally has further to run, according to a Bloomberg report on Friday. The Nigerian Stock Exchange Banking 10 Index has increased 19 […]
