Nigeria’s Investment Value Tracked for 2021 Rose to $23.3bn: The total value of investment announcements tracked in Nigeria for the year 2021 was 23.30bn, representing about 39% more than that of 2020, which was $16.74bn. Mr. Emeka Offor, Acting Executive Secretary/CEO...
External Reserves Fall to $40.4 billion in January 2022: Nigeria’s foreign exchange reserve recorded a $481.4 million decline in the month of January 2022 to close at $40.04 billion, following the $66.17 million decline recorded in the previous month. This is...
CBN’s eNaira records less than 10% P2P transactions after 3months: After three months since its launch, Africa’s first digital currency, eNaira, has recorded less than 10% in P2P transactions. The Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed this...
Oil prices hit $88, Highest in 7 Years: Brent crude oil prices rose to its highest since October 2014 after it hit $88.4 on Tuesday as drone attacks on targets in the United Arab Emirates stoked fears across the region. At...
Agriculture reduces Nigeria’s dependence on oil sector: The Federal Government on Thursday, disclosed agriculture has reduced Nigeria’s dependence on oil sector in generating foreign exchange revenue. This was made known by the Minister of Agriculture and Rural Development, Dr Mohammed Abubakar,...
Headline Inflation Increases by 15.99% YoY in October 2021: Nigeria’s inflation rate dropped further to 15.99% in the month of October 2021 from 16.63% recorded in September 2021. This is according to the recently released Consumer Price Index report, released by...
Cryptocurrency Watch: The crypto market traded marginally bullish on Thursday as the market capitalization gained 1.67% to close at $2.812 trillion, representing a $46.26 billion gain, while Bitcoin gained 0.15% to close at $65,020.43. Bitcoin, on the bullish trend had hit...
CBN Reports N56.83 million worth of counterfeit notes in 2020: The Currency Operations department of Central Bank of Nigeria (CBN) in its 2020 annual report revealed that a total of 67,265 pieces of counterfeit notes with a nominal value of N56.83million...
Headline Inflation Increases by 16.63% YoY in September 2021: The recently released Consumer Price Index, (CPI) report by the National Bureau of Statistics, indicates that inflation increased by 16.63% year-on-year in September 2021 representing 0.38% points decrease compared to the rate...
Oil price hits $85 a barrel — first time in three years: Brent oil, the global oil benchmark has crossed the $85 mark (the highest level since October 2018) in what is a potential boost to Nigeria’s oil export revenue. Brent...
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Copyright ©AAA Finance & Investment Company Limited.
All rights reserved.
