The Nigerian Exchange (NGX) closed negative on Friday, extending its losing streak as the All-Share Index shed 272.34 basis points or 0.19 per cent to settle at 140,284.90. The downturn erased about N165.63 billion from investors’ wealth, dragging total market capitalisation to N88.77 trillion. The decline was driven by profit-taking in banking, insurance, and oil […]
By Motolani Oseni Despite the economic challenges occasioned by the COVID-19 pandemic on businesses across the world, activities in the Nigerian private sector in August has improved as the Purchasing Managers’ Index (PMI) rose to 54.6 index points from 50.4 index points in July 2020. In its Purchasing Managers’ Index (PMI) report, Stanbic IBTC Bank […]
Maiduguri – The management of the University of Maiduguri Teaching Hospital (UMTH) has intensified its contact tracing of possible suspected cases of coronavirus, following confirmation of the first case in Borno. This is contained in a circular issued by the hospital’s Head of Information and Public Relations, Mrs Justina Anaso, in Maiduguri on Tuesday. The […]
…highest in three years The Central Bank of Nigeria (CBN) has disclosed that its Purchasing Manufacturing Index (PMI) increased to 55.9 index points in November, record high in three years. The apex bank had report PMI of 55 Index points in October and 55.3 Index points in September. The PMI, an indicator of the economic […]
…. laud PMB’s effort towards a safer country for citizens. The Nigerians in Diaspora Monitoring Group [NDMG] , has said it is delighted with the recent Global Terrorism Index report which emphasis the gains made by the President Muhammadu Buhari administration in the global fight against terrorism The group said without doubt, the feats have […]
Prof Uche Uwaleke, an economic expert says he is optimistic that Nigeria’s economy will be ‘out of the woods’ this year. Uwaleke, the Head of Banking and Finance, Nasarawa State University, said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday. He stated that the growth would be possible, […]