The Naira has continued to appreciate against the dollar in the forex market despite the ongoing protests against misgovernance across the country. This comes at a time when the Naira has gained tremendous value in the official and stable forex market. , FMDQ data showed that the Naira appreciated against the dollar from N1,608.73 on…
In a significant development, Group First Bank Chairman, Femi Otedola and the Chairman of the African Union Bank (UBA), Tony Elumelu, have expressed support for the Federal Government’s new forex windfall tax. This decision follows President Bola Tinubu’s motion on July 17 in the National Assembly to amend the Finance Bill, 2023, which unilaterally imposes…
The stock market closed at 55.545 trillion, down 171 billion or 0.31 percent, from an opening of 55.716 trillion. The All Share Index also closed at 97,830.65, down 0.31 percent or 302 points from Monday’s 98,132.15. As a result, the year-to-date (YTD) return has declined to 30.84 percent. I will paint 1,000 people’s faces with…
