Topic

Nigeria's GDP

Nigeria's economy rises in Q3 as mass COVID-19 vaccination looms

Updated 18 Nov, 2021 03:31pm

ABUJA: Nigeria's economy grew just over 4% in the third quarter, the statistics office said on Thursday, lifted by...

Published 10 Sep, 2021 07:31pm

Traders says demand from individuals with dollar expenses is rising, fueling the currency weakness on the unofficial market

Published 05 Aug, 2021 10:12am

Igboho is accused of calling for a separate homeland for Yoruba people of southwest Nigeria following alleged killings of locals by Fulani herders

Published 01 Jun, 2021 10:03am

During the visit, Buhari had offered to assist Chad "to stabilise and return to constitutional order".

Updated 31 May, 2021 08:27pm

Dollar shortages have plagued Nigeria and put pressure on the naira as providers of foreign exchange, such as offshore investors, exited after the COVID-19 pandemic triggered a fall in global oil prices.
Nigeria's central bank weakened its official quote two weeks ago in a move to unify the currency's spot rate with the traded market rate, traders said, effectively letting the naira weaken by 7.7%.

Published 27 May, 2021 02:34pm

The naira hit 500 per dollar on the black market in November, a more than 3-1/2-year low.

Published 25 May, 2021 09:42pm

Emefiele said Nigeria faces stagflation - a situation where inflation is rising and growth is weak - but the government is confronted by low revenues that hamper its ability to stimulate the economy.
He said the bank was no longer dealing in the 380 naira official rate, which it had held since July last year.

Published 17 May, 2021 09:06pm

It reached a more than four-year high of 18.17% last month and analysts say a weaker naira currency could yet stoke a further rise in prices. The central bank targets an inflation band of 6% to 9%.
Africa's biggest economy let its currency to weaken against the dollar on the official market from Friday, in a possible move by the central bank to unify its numerous exchange rates.

Published 14 Apr, 2021 05:12pm

The bank sold dollars on the 150-day forward markets at 435.81 naira, traders said, near the low on the over-the-counter spot market. It offered the dollar at 410 naira for spot.
The non-deliverable forwards market quoted the naira at 434 to the US dollar in six months' time.

Published 25 Mar, 2021 07:36pm

"The National Assembly has expressed the intent to pass the PIB bill in April 2021," said Timipre Sylva, speaking to reporters in the capital Abuja.
The bill would change the structure of state oil company NNPC, amend oil and gas taxes and revenue-sharing and create new regulatory bodies, among other things, to make Nigeria's oil sector more dynamic and efficient.

1D 5D 3M 6M 1Y

Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 22	163.08
USD to Swiss Franc / Jul 22	0.81
Pound Sterling to USD / Jul 22	1.34
Euro to USD / Jul 22	1.14
SOFR % / Jul 21	3.59

Stock	Price
Sally Textile / Jul 22 Sally Textile Mills Limited(SLYT)	16.13 ▲ 1.47 (10.03%)
Dadabhoy Cement / Jul 22 Dadabhoy Cement Industries Limited(DBCI)	22.64 ▲ 2.06 (10.01%)
F.Credit & Inv / Jul 22 First Credit and Investment Bank Limited(FCIBL)	35.93 ▲ 3.27 (10.01%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	143.19 ▲ 13.02 (10%)
Ahmad Hassan / Jul 22 Ahmad Hassan Textile Mills Limited(AHTM)	121.25 ▲ 11.02 (10%)
Baba Farid Sugar / Jul 22 Baba Farid Sugar Mills Limited(BAFS)	461.24 ▲ 41.93 (10%)
Fateh Sports / Jul 22 Fateh Sports Wear Limited(FSWL)	142.71 ▲ 12.97 (10%)
The Thal Ind.Corp. / Jul 22 The Thal Industries Corporation Limited(TICL)	1,048.37 ▲ 95.31 (10%)
Premier Sugar / Jul 22 The Premier Sugar Mills(PMRS)	552.50 ▲ 50.23 (10%)

Stock	Price
Dewan Textile / Jul 22 Dewan Textile Mills Limited(DWTM)	8.44 ▼ -0.97 (-10.31%)
Khairpur Sug. / Jul 22 Khairpur Sugar Mills Limited(KPUS)	1,364.30 ▼ -151.59 (-10%)
National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	296.43 ▼ -32.94 (-10%)
S.G.Power / Jul 22 S.G. Power Limited(SGPL)	71.55 ▼ -7.95 (-10%)
Suhail Jute / Jul 22 Suhail Jute Mills Limited(SUHJ)	243.87 ▼ -27.1 (-10%)
Nets Internat.Comm. / Jul 22 Nets International Communication Limited(GEMNETS)	26.10 ▼ -2.9 (-10%)
Reliance Weaving / Jul 22 Reliance Weaving Mills Limited(REWM)	174.65 ▼ -19.37 (-9.98%)
Shams Textile / Jul 22 Shams Textile Mills Limited(STML)	53.76 ▼ -5.92 (-9.92%)
Crescent Cotton / Jul 22 Crescent Cotton Mills Limited(CCM)	58.47 ▼ -6.39 (-9.85%)
First IBL Mod. / Jul 22 First IBL Modaraba(FIBLM)	13.77 ▼ -1.5 (-9.82%)

Stock	Volume
Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	134,167,491 ▲ 0.02
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	99,430,517 ▼ -0.08
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	49,825,531 ▲ 0.12
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	33,575,661 ▲ 1.67
B.O.Punjab / Jul 22 The Bank of Punjab(BOP)	22,944,760 ▼ -0.28
Dewan Cement / Jul 22 Dewan Cement Limited(DCL)	20,748,512 ▲ 0.68
WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	19,674,964 ▼ -0.03
K-Electric Ltd. / Jul 22 K-Electric Limited(KEL)	18,735,568 ▼ -0.18
F. Nat.Equities / Jul 22 First National Equities Limited(FNEL)	15,812,309 ▼ -0.02
Maple Leaf Cement / Jul 22 Maple Leaf Cement Factory Limited(MLCF)	13,943,190 ▼ -2.2