Economy & Market
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176CBN Orders BDCs to Reapply for Operating Licences
The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters of new...
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216Local Bourse Reverses Gain
EQUITIES Sentiments turned bearish in the domestic stock market as sell pressures in ZENITHBANK (-4.6%) and GTCO (-3.6%) caused a 0.2% decline...
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6.3KPost MPC: MPC Raises Policy Rate Again
The Monetary Policy Committee (MPC), in its third meeting of the year, voted to raise the Monetary Policy Rate (MPR) for the...
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120Stock Market Extends Gains
EQUITIES The Nigerian equities market extended yesterday’s gains as demand for NESTLE (+9.8%) drove the benchmark index 0.1% higher. Specifically, the All-Share...
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89Domestic Bourse Opens Trading Bullish
EQUITIES The domestic stock market commenced the week’s trading on a positive note as bargain hunting in MTNN (+2.7%) triggered a 0.1% gain...
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89CBN Withdraws Circular on Cybersecurity Levy
The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the cybersecurity levy...
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108Exchange Commission Advocates Transparency In Financial Reporting
The Securities and Exchange Commission (SEC) has declared that transparency in financial reporting is now a legal requirement for public institutions in Nigeria,...
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194CPI Data: Positive Readings Spark Disinflation Hope
This week, we torchlight the April 2024 Consumer Price Index (CPI) data published by the National Bureau of Statistics (NBS) and Q1:2024...
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391Economic and Market Report: Week Ended 17-05-2024
Global Economy According to the Bureau of Labor Statistics (BLS), headline inflation in the United States eased by 10bps to 3.4% y/y...
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174
NGX All-Share Closes Week Negative
Over the course of the week, TRANSCOHOT (-9.72% w/w), FBNH (-8.20% w/w) and UBA (-17.23% w/w) were the major drags on the...
