Naira slump persists despite 46% rise in dollar turnover
The amount of dollars traded on the Investor & Exporter forex window rose by 46.69 per cent to $123.25m on Monday. On Friday, the turnover of dollars in the official market was $84.02m. This increased to $123.25m on Monday. Despite this, the naira depreciated by 1.96 per cent to N795.41/$ as of the close of […]
FG identifies $23bn investment opportunities in energy transition
The Federal Government has identified about $23 billion in investment opportunities in Nigeria for projects that are directly related to the country’s Energy Transition Plan, the Minister of Power, Adebayo Adelabu, stated on Monday. In his remarks at the 2nd German-Nigerian Symposium on Green Hydrogen, Adelabu said the opportunities would not only provide electric power […]
More investments move to Mutual Funds as value rises 41.2 %
Amidst rising yields in mutual fund investments, recent report has shown that more investors are now moving their funds to this class of assets prompting sharp rise in the portfolio. Vanguard’s findings indicated that the total value of investments in Mutual Funds rose Year-on-Year, YoY, by 41.2% to N2.1 trillion in the10 months ended 20th October 2023 […]