Economy & Market
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247SEC Vows to Tackle Crypto Fraud
The Securities and Exchange Commission has vowed to combat fraud, money laundering, and market manipulation in the country’s rapidly evolving cryptocurrency sector....
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237Stock Market: Trading Kicks Off Week Bullish
EQUITIES Trading in the domestic bourse kicked off the week on a positive note as buying interest in FIDELITYBK (+10.0%), UBA (+2.4%), and...
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208PoS Transactions Hit ₦6.23tr in Seven Months
Point of Sale transactions in Nigeria totalled N6.23tn between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System....
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222Higher Interest Rate Painful for Borrowers but Necessary to Control Inflation –Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described the decision to raise the Monetary Policy Rate (MPR)...
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192Economic and Market Report: Week Ended 04-10-2024
Global Economy According to Eurostat, headline inflation in the Euro Area moderated by 40bps to 1.8% y/y in September (August: +2.2% y/y)...
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181Submit 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...
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178Market 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...
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326CBN, 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...
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224Withholding 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...
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213European 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...
