Author: Editor

Investors in the Nigerian Exchange stock market on Tuesday further lost N104 billion or 0.18 percent, as the market capitalization which opened at N58.879 trillion, closed at N58.775 trillion. Similarly, the All-Share Index shed 0.18 percent to settle at 103,952.47, as against 104,136.35 recorded on Monday. Consequently, the Year-To-Date (YTD) return slipped to 39.02. percent. Selloffs in MTN Nigeria, FBN Holdings and Access Corporation, alongside International Breweries, Transnational Corporation and Nestle Nigeria, among others, further pulled the market down. However, the market breadth closed positive with 27 gainers and 24 losers on the trading floor. On the gainers’ chart, Abbey…

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The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says recent stability achieved in the foreign exchange market is commendable. Cardoso said this on Tuesday in Abuja, while presenting the communique from the 294th meeting of the apex bank’s Monetary Policy Committee (MPC). According to Cardoso, the stability is a result of CBN’s recent policy actions and reforms, which are geared towards restoring investors’ confidence and attracting foreign investments. “The committee noted with satisfaction the level of stability achieved in the foreign exchange market in the last few weeks. “This, in the view of members, reflects the impact…

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Nigeria’s Agricultural sector has contributed 24 percent to the country’s Gross Domestic Product (GDP) says Permanent Secretary, Federal Ministry of Agriculture and Food Security, Mr Temitope Fashedemi. According to Fashedemi, the sector also employed over 70 percent of the population with predominantly smallholder farmers, adding that a very critical reason for emphasis must be on climate resilience in the sector. He stated this at the inception workshop on the Abatement of Short-Lived Climate Pollutants (SLCPs) in the Nigerian Agricultural Sector project on Tuesday in Abuja. The workshop aimed to reduce open field burning (No Burn Alternatives) in the sector. Fashedemi…

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