Economic outlook

Subsidy payments, summer travels, students’ exodus worsen naira depreciation — Investigation

Subsidy payments, summer travels, students’ exodus worsen naira depreciation — Investigation

By Babajide Komolafe, Economy Editor The burden of under-recovery for fuel subsidy cost borne by the Nigeria National Petroleum Corporation, NNPC, Limited, and hence its inability to remit into the federation account, is a major factor worsening the prevailing acute scarcity of the dollar driving the continued depreciation of the naira. Other factors include increased forex […]
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Nestle, MTN’s losses depress equities, as investors lose N154bn

Nestle, MTN’s losses depress equities, as investors lose N154bn

Losses in heavy capitalised stocks weighed on the equities market, yesterday, leading to N154 billion losses to investors. Specifically, the equities market capitalisation went down to N  14.464 trillion from N14.618 trillion on Friday, indicating 1.05 percent decline.

NASD urges investors to seek for unquoted stocks

NASD urges investors to seek for unquoted stocks

Notwithstanding the share price rally, the  N0.70 per share dividend declared by the CSCS translates to 5.8 percent yield on the share price of  N12.00 as at the close of market on Friday, 07 February, 2020.

Developing Asia’s growth prospects dim amid U.S.-China trade conflict

Developing Asia’s growth prospects dim amid U.S.-China trade conflict

Escalating trade tensions between China and the U.S. have dampened prospects for developing Asia, with the region’s economy expected to grow slower than predicted this year and in 2020, the Asian Development Bank (ADB) said on Wednesday. The Manila-based ADB scaled down its forecast for economic growth in developing Asia, which includes 45 countries in […]