Latest Business News September 5 - September 12, 2021: Top 5 Business News Roundup For Last Week

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

Naira Crumbles Further To N540/$, Disparity Now N130

Nigeria’s currency on Thursday fell to a new all-time low of N540 per dollar at the parallel market as demand pressure intensified.

This shows a depreciation of 0.93 percent when compared with N535/$ traded on the previous day at the same market and further widens the gap between the black market rate and the official rate. Read more here.

Nigeria Ranked Among Nations Least Prepared For Rising Global Inflation

Nigeria is among the countries most unprepared to cope with the pressure of accelerating global inflation and rising interest rates in the United States.

Africa's largest economy currently has a negative real interest rate at -5.9 percent, which ranks her among nations with the lowest real interest rates in emerging and frontier markets (Real interest rate is gotten by subtracting the last-reported year-on-year inflation from the current policy rate). Read more here.

Nigeria Records Worst Half-year Trade Deficit As Imports Surge

Nigeria extended its negative trade balance in the first half of 2021, as its trade deficit surged to N5.81 trillion in the period.

This is according to data from the recently released foreign trade report by the National Bureau of Statistics (NBS). Read more here.

Ecobank Gets Additional $75m Tier-1 Capital Investment From Arise B.V

Arise B.V, a leading African investment company, has made an additional Tier 1 (AT1) investment of about $75 million in Ecobank Transnational Incorporated (ETI) – Ecobank Group's parent company.

This was seen in a disclosure sent to Allnews on Monday by ETI’s Head of Corporate Communications, Adenike Laoye, and sent to the Nigerian Exchange Limited (NGX). Read more here.

NGX To Change Securities Trading Patterns

Securities trading patterns on the floor of the Nigerian Exchange (NGX) Limited by investors would witness changes in the next few months.

This was disclosed during  the Business morning show on ChannelsTV, by NGX Chief Executive Officer, Temi Popoola, who said the exchange will carry out these changes through technology. Read more here.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.