Economy & Market
-
129Submit FX Compliance Report, CBN Orders Banks
The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks and all other participants in the foreign exchange market to submit...
-
129Market Breadth Closes Positive
In today’s trading session, the market recouped 47bps of previous losses to close at 97,520.54 points. Investors interest in SEPLAT (+10.00%), GTCO...
-
279CBN, FMDA Okay New Forex Plan to Reduce Speculations
The Central Bank of Nigeria (CBN) has approved a new forex plan that will allow it collaborate with Financial Markets Dealers Association...
-
165Withholding Tax Regulations Active Until December –FIRS
The Federal Inland Revenue Service has said that the current Withholding Tax regime will remain effective until December 31, 2024. This is...
-
165European Stocks Futures Gain Before US Jobs Data
European and US stock futures gained in line with Asian equities ahead of US jobs data that will identify the path ahead...
-
147Bears Maintain Hold at the Exchange
EQUITIES Bearish sentiments persisted in the domestic stock market, as sell pressures in DANGCEM (-10.0%) drove the All-Share Index lower by 1.2%...
-
199Nigerian Equities Market Relapses
EQUITIES The Nigerian equities market traded with bearish sentiments driven by profit-taking activities in OANDO (-6.8%), UBA (-4.6%), FBNH (-4.4%), and ACCESSCORP (-4.1%)....
-
166SEC, NGX Group, and JSE Collaborate on Market Development
A high-level delegation from Nigerian Exchange Group Plc (NGX Group), led by the Group Chairman, Umaru Kwairanga, alongside top officials from the...
-
190NDIC Strengthens Ties with Judiciary to Prosecute Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has strengthened its partnership with the judiciary to enhance the prosecution of failed banks. The managing...
-
157Petrol Imports Dropped by 3.58b Litres after Subsidy Removal
The National Bureau of Statistics has stated that Nigeria recorded a reduction in petrol importation following President Bola Tinubu’s removal of the...
