Economy & Market
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688Nigeria’s Trade Surplus Hits ₦6.9tr in Q2 –NBS
Nigerian foreign exchange earnings grew in the second quarter of 2024 based on strong export performance as the foreign trade surplus increased...
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409Bears Resurface at the Exchange
EQUITIES Trading in the Nigerian equities market was bearish as profit-taking activities in OANDO (-8.4%) undermined market performance. Consequently, the NGX ASI...
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464Federal Govt Dollar Bond Attracts $900m Subscription
Nigeria’s maiden foreign-currency domestic bond recorded a subscription of $900 million, overshooting the initial offer size of $500 million. The Minister of...
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361Financial Sector Grew by 30% –FG
The Federal Government has said that Nigeria’s financial sector grew by over 30 per cent in the first half of 2024. The...
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491Naira Weakens to ₦1637/$
The Nigerian naira has lost further ground against the United States dollar, with the exchange rate hitting N1637.59 at the close of...
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360NGX All-Share Index Gains 0.62%
EQUITIES Bullish sentiments resurfaced in the domestic bourse as gains in MTNN (+7.5%) and OANDO (+6.7%) drove the All-Share Index higher by...
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673FAAC Allocations rise 149% to ₦13.7tr in 7 months
The Federation Account Allocations Committee (FAAC) disbursements to the Federal Government (FG), 36 states and 774 local governments (LG) rose by 149.4...
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321Stock Market Starts the Week Negative
EQUITIES The domestic equities market ended the day lower as investors took profits off JBERGER, resulting in a 0.2% decline in the...
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393Stock Futures Signal Modest Rebound in US, Europe
European and US equity markets were poised for a modest recovery Monday, after a selloff triggered by cooling US jobs data that...
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458Govt Imposes Electronic Levy on Opay, Moniepoint Users, Others
Customers of financial technology (fintech) companies including Opay, Moniepoint and Kuda are grumbling over the implementation of the Electronic Money Transfer Levy...
