Today's chart is based on the NBS's report on Nigerian Capital Importation for Q3 '21. The data were obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria.
Fitch Ratings has downgraded United Bank for Africa (Ghana) Limited's Long-Term Issuer Default Rating (IDR) to 'B-' from 'B' and Viability Rating (VR) to 'b-' from 'b'. The Outlook on the Long-Term IDR is Stable.
Fitch Ratings has downgraded Guaranty Trust Bank (Ghana) Limited's Long-Term Issuer Default Rating (IDR) to 'B-' from 'B' and Viability Rating (VR) to 'b-' from 'b'. The Outlook on the Long-Term IDR is Stable.
The Houthi drone attack on the United Arab Emirates triggered a swift escalation in one of the most important oil-producing regions globally, adding a hefty geopolitical price premium to markets that are already on edge over a potential Russian invasion of Ukraine.
The recent events in the Shangisha area of Lagos, specifically in relation to the challenge to the land in the Magodo Phase 2 estate, highlight the challenges of Land acquisition in Nigeria, particularly in Lagos State. However, as with many other issues in Nigeria, there are numerous misconceptions surrounding the case.
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.
Nigerian Stock Market closed the month of November 2021 in the green zone as market maintained positive sentiment compared to the previous month of October 2021. The NSEASI inched up by 2.88% as against 4.52% gain recorded in the month of October 2021 while the NASD USI closed northwards with 0.07% gain recorded at the end of the month under review as against 1.49% gain in October 2021.