Economy & Market
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148Crypto Exchanges Begin Delisting of Naira on Platforms
Following the directives of the Office of the National Security Adviser and the Securities and Exchange Commission (SEC) that the naira be delisted...
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135NDIC Secures Order to Wind Up 96 MFBs, PMBs
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it has obtained Winding up Orders for 96 out of 183 Micro Finance and...
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119Stock Market Index Up 0.84%
EQUITIES Trading activities in the local bourse was negative for most of the day. However, late interest in AIRTELAFRI (+9.0%) ensured the market...
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157CBN Grants Approval to 14 Money Transfer Operators
The Central Bank of Nigeria has activated plans to double foreign-currency remittance flows through formal channels by granting 14 new International Money...
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178Banking Stocks Drive Bearish Sentiment
EQUITIES The Nigerian stock market extended its bearish run as sell pressures on ZENITHBANK (-3.2%) and UBA (-4.4%) outweighed bargain hunting in MTNN...
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1.3KInflation to Remain Elevated on Naira Depreciation
According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation rose by 49bps to 33.69% y/y in April (March: +33.20% y/y),...
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301FG Lists ₦4.214b April Savings Bonds On NGX
The Federal Government has listed its April 2024 Savings Bonds worth N4.214 billion on the Nigerian Exchange Limited platform. This was disclosed...
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105CREDICORP Engages Banks on Consumer Credit Initiative
Hopes for businesses in Nigeria to access credit brightened recently, as the Consumer Credit Corporation (CREDICORP) is engaging with Nigeria’s lending ecosystem to...
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111Tinubu Suspends 0.5% Cybersecurity Levy
President Bola Tinubu has suspended the 0.5 percent cybersecurity levy after criticism trailed the announcement. Mohammed Idris, minister of information and national...
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111All-Share Index Extends Losses by 0.24%
EQUITIES The local bourse sustained yesterday’s negative sentiments as profit taking activities in DANGSUGAR (-10.0%) caused the benchmark index to fall by 0.2%...
