Economic

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FG committed to cushioning effects of economic recession, says minister

Kano – The Federal Government is making efforts to cushion the effects of the current economic recession in the country, the Minister of Women Affairs and Social Development, Hajiya Aisha Jummai Alhassan, said on Monday in Kano. The Minister gave the assurance at the Grassroots Town Hall Meeting. THe meeting was organised by the Federal […]

Oil price spike lifts stocks, but economic, financial indicators still bleak

Last week’s upwards price trend in the oil market has shifted stock market sentiment to positive.

Nigerian Stock Exchange, NSE, indicators which opened the week bearish trended northwards by mid-week and sustained uptrend till Friday, driving the All Shares Index, ASI, up by 1.6 per cent week-on-week, the highest in several weeks.This also bucked six consecutive weeks of losses.

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