Economy & Market
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170CBN Classifies Inactive 10-year Accounts as Dormant
The Central Bank of Nigeria (CBN) has clarified that only accounts that have been inactive for over 10 years are eligible to...
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153Economic and Market Report: Week Ended 26-07-2024
Global Economy According to the Bureau of Economic Analysis (BEA), the US economy grew by 2.8% q/q in Q2-24 (Q1-24: 1.4% q/q)...
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210Bears Continue Focus on Banks
EQUITIES The local bourse extended yesterday’s loss as sell pressure on ZENITHBANK (-2.6%) and FBNH (-2.8%) caused a 0.2% decline in the NGX...
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1632024 Budget Will Be Fully Implemented –Edun
The Federal Government has reiterated commitment to the full implementation of the 2024 Budget. It also pledged to promote a transparent and...
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163‘Identity Management Resolution Will Tackle Unclaimed Dividends’
The Director General Securities and Exchange Commission (SEC), Emomotimi Agama has reiterated that identity management issues when solved will provide lasting solution...
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321Bears Dominate Activities at the Local Bourse
EQUITIES The bears continued to dominate activities in the local bourse as investors took profits off UBA (-5.1%) and DANGSUGAR (-3.7%). Thus,...
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234DBN Secures Access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has received the Green Climate Fund (GCF) Accreditation, becoming the first Direct Access Entity (DAE)...
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175SEC and AfDB Advocate Green Finance to Drive Eco-friendly Economy
The Securities and Exchange Commission, in collaboration with the African Development Bank, has called for a heightened embrace of green finance as...
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197NASS Passes Finance Bill, Imposes 70% Levy on Banks’ Windfall Forex Profits
The National Assembly on Tuesday passed proposed amendment to the Finance Act which seeks to impose 70% levy on Banks’ windfall forex...
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117Bears Return to the Local Bourse
EQUITIES The domestic stock market reversed yesterday’s gains as selloffs in ZENITHBANK (-1.6%), UBA (-1.5%), and FBNH (-0.9%) caused a 0.1% decline...
