Economy & Market
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234Currency in Circulation Hit All-time High at ₦3.97tr
Despite the Central Bank of Nigeria (CBN) monetary policy tightening, Nigeria’s currency in circulation surged to an all-time high of N3.97 trillion...
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158NGX Introduces USSD Code to Boost Financial Inclusion
The Nigerian Exchange (NGX) Limited has announced the launch of a new Unstructured Supplementary Service Data (USSD) platform aimed at enhancing financial...
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253Economic and Market Report: Week Ended 07-06-2024
Global At the June monetary policy meeting, the Governing Council of the European Central Bank (ECB) voted to cut its key policy...
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264
NGX All-Share Index Rebounds
In today’s trading session, the All-Share index gained 9bps to settle at 99,221.14 points. Gains in ZENITHBANK (+0.76%), FBNH (+1.10%) and STANBIC...
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200Local Bourse Reverses Gain as Index down 0.2%
EQUITIES The domestic stock market traded lower in today’s session, driven by sell pressures in STANBIC (-8.8%) and FIDELITYBK (-9.7%). As a...
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168Heritage Bank: NDIC goes after ₦700b Loan Defaulters
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay out insured deposits to depositors of the defunct Heritage Bank...
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216Banking Bellwethers Halt Downtrend
EQUITIES The Nigerian equities market recorded its first positive performance of the week as bargain-hunting in STANBIC (+9.6%) drove the benchmark index...
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248FG Proposes Reduction of Tax Collection Costs
The Presidential Fiscal Policy and Tax Reform Committee has proposed reducing tax collection costs to 1% and introducing daily disbursement of Federation Account...
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220CBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there...
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234Local Bourse Extends Downtrend
EQUITIES Bearish sentiments continued in the local bourse today as sell pressures on ZENITHBANK (-3.0%) and UBA (-4.1%) undermined market performance. Consequently,...
