Investors gain N1.6trn as NGX-ASI surpasses 100,000 mark
Investors on the Nigerian Exchange Limited (NGX) gained a whooping N1.61 trillion as the NGX All Share Index (ASI) surged past the 100,000 mark, a new record at the close of trading activities on Wednesday. The benchmark All -Share Index (ASI) added 2,954 points to close at an impressive 101,571 points, signifying a substantial increase from […]
CBN targets 21.4 per cent inflation, says naira is undervalued
The Central Bank of Nigeria (CBN) is looking at an inflation rate of 21.4 per cent under its inflation targeting regime, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, said yesterday. Speaking at the 2024 Macroeconomic Outlook of the Nigerian Economic Summit Group (NESG), Cardoso explained that economic growth would also be […]