Economy & Market
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228Stock Market Slips Further
EQUITIES Sentiments remained negative in the local bourse as sell pressures on TRANSCOHOT (-10.0%) drove the NGX ASI lower by 0.1% to...
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246FRC to Tackle Audit Failures with New Initiative
The Financial Reporting Council of Nigeria (FRC) has reiterated its unwavering commitment to strengthening audit oversight and eradicating audit failures within the...
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237Business Conditions will Improve Soon –CBN
Business owners are optimistic that the conditions for doing business in Nigeria will improve in August 2024, and the following six months,...
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225FG Plans fresh $100b Investments to Curb Economic Crisis
The Federal Government is planning to invest $100bn annually to tackle the economic challenges in Nigeria, the Minister of Budget and Economic...
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260Local Bourse Reverses Gains
EQUITIES The domestic stock market reversed yesterday’s gains as losses in OANDO (-8.7%) undermined market performance. Thus, the All-Share Index dipped by...
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223Stocks Set to Rise as Traders Await Rate Cut Clues
European futures rose 0.2%, brushing off Asian declines as investors reload for key US payrolls data and further clues on interest rate...
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198FX Remittance Surged by 130% to $553m in July 2024
The Central Bank of Nigeria (CBN) has reported a 130% surge in remittance inflows, reaching $553 million in July 2024. This is...
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235Stock Market Rebounds as ASI up 0.1%
EQUITIES The local bourse ended today’s session on a positive note as gains in OANDO (+9.9%), and STANBIC (+6.7%) drove the ASI...
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233$500m Bond Investors to Get 9.7%, Barred from Naira Conversion
Investors in the Series I $500 million Domestic FGN US Dollar Bond will get 9.7 per cent dividends, according to the guidelines...
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255NGX Extends Bearish Run as All-Share Index Down 1.4%
EQUITIES Trading in the domestic equities market kicked off the week on a bearish note, following profit-taking activities in DANGCEM (-10.0%). As...
