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1 day ago · In the face of Nigeria’s high inflation, money market mutual funds have continued to attract investor interest with competitive returns. According to the Securities and Exchange Commission (SEC) valuation reports, the average year-to-date (YtD) yield for the 38 funds stood at 20.58% as of January 24, 2025, with an aggregate Net Asset Value (NAV) of N1.887 trillion.

3 days ago · Growth in Nigeria’s non-oil sector is projected at 3.2% year-on-year in 2025, up from 3.0% in 2024. Key drivers include manufacturing, trade, ICT, and financial services, while agriculture is expected to remain subdued due to security challenges and high input costs.

5 days ago · The latest data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators including Palmpay, OPay, and 15 others processed transactions valued at N71.5 trillion between January and December 2024. This represents a 53.4% increase in transactions ...

Jan 29, 2025 · Bureau de Change (BDC) operators in Nigeria have expressed optimism about the Naira’s prospects in 2025, forecasting a stronger currency buoyed by anticipated reforms in the country’s foreign exchange (forex) market. They said these reforms could improve currency stability, boost investor ...

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The All-Share Index concluded the trading day on January 23, 2025, with a decline of 48.15 points, closing at 102,788.20. Read more Details

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Jan 3, 2025 · The Nigerian equities market continued its positive momentum on January 3, 2025, with the All-Share Index (ASI) advancing by 406.19 points to close at 103,586.33. This marked a 0.39% increase from the previous day’s close of 103,180.14, as the market maintained its strong start to the year ...

Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.