Month: October 2023

Conflict in Middle East Could Bring Dual Shock to Commodity Market Although the global economy is in a much better position than it was in the 1970s to cope with…

MTN Nigeria to Challenge Tax Appeal Tribunal Ruling MTN Nigeria said it is going to challenge the recent decision of Tax Appeal Tribunal (TAT) which last week current tax discord…

FX Inflow to Nigeria Drops by 37% – Report Nigeria recorded a total foreign exchange inflow of $72.4 billion in 2022, marking a 23.3% decline compared to the $94.3 billion…

Nigeria’s External Reserves Enough to Defend Naira –Analysts Despite hanging obligations, Nigeria’s foreign reserve position is enough to defend the naira, the country’s local currency. Analysts take the position in…

VFD Group Profit Slumps 81.5% as Hedging Cost Spikes VFD Group Plc, an investment firm in Nigeria, reported a steep decline in profitability in the first nine months of the…

Nigerian Exchange Rises by N121.5bn Amidst Earnings Festival The Nigerian Exchange (NGX) equities investors gained more than N121 billion amidst the earnings festival in the local bourse in the just…

MSCI Announces Decision to Downgrade Nigeria Indexes MSCI Inc. has announced a decision to downgrade Nigeria Indexes to standalone market status, according to a statement posted on its website. In…

FMN Plc: FX Loss, High Costs Damage Earnings Flour Mills Nigeria (FMN) Plc.’s revenue jumped by 33.9% year on year to N946.65 billion in the first half of its financial…