Economy & Market
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171Asia Stocks Gain Led by Tech as Gold, Bitcoin Rise
Asian equities rose Friday, with semiconductor companies rallying as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. Gold jumped. Shares...
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155Selloffs on Banking Stocks Drag the Bourse as ASI Down 0.2%
EQUITIES The bears resurfaced in the Nigerian equities market as sell pressures on OANDO (-5.6%) and GTCO (-2.5%) caused the All-Share index...
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96Recapitalisation: Banks Have Raised ₦1.7tr Via E-Offering –SEC
The Securities and Exchange Commission (SEC) has disclosed that banks have collectively raised about N1.682 trillion via e-offering in the ongoing recapitalisation exercise....
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153Nigeria, Four Others Handled 85% of Africa’s Private Deals –Report
Nigeria, South Africa, Kenya, Ghana, and Egypt accounted for an overwhelming 85 per cent of all private market deals in Q3 2024,...
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119Bullish Momentum Continues as ASI Up 0.3%
EQUITIES The domestic bourse maintained its bullish momentum, as sustained interest in WAPCO (+10.0%) drove the All-Share Index up by 0.3% to...
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99Private Sector Credit Surged 30% YoY to ₦75.85tr in September
Nigeria’s private sector credit expanded significantly in the first nine months of 2024, reaching N75.85 trillion in September, a 30 per cent...
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158Dangote Refinery Begins Fuel Export to W’African Countries
The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that...
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83Minimum Wage Hike to Swell FG’s Personnel, Pension Costs by ₦3.57tr in 2025
The Federal Government has projected a notable rise in personnel and pension costs for 2025, primarily driven by the implementation of the...
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87Bulls Maintain Grip as ASI Up 0.2%
EQUITIES Positive sentiments persisted in the Nigerian equities market today, with WAPCO (+10.0%), MTNN (+1.2%) and GTCO (+1.2%) lifting the bourse. Consequently,...
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181Stocks Gain as Lower US Yields Provide Tailwind
Asian shares rose with US and European futures as lower Treasury yields bolstered the allure of holding equities. Traders are watching for...
