Economy & Market
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211Senate Scores FG Low on 2024 Budget Performance
The Senate has scored the executive low in the implementation of the capital component of the 2024 budget, saying there is a...
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218NGX All-Share Index Extends Gains, Up 0.23%
EQUITIES The domestic bourse sustained the previous session’s gains following demand for FBNH (+4.6%), GTCO (+2.6%), STANBIC (+4.4%) and WAPCO (+4.3%). Consequently, the...
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199CBN to Sanction Banks for Rejecting Old, Small Dollar Denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the...
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424Local Bourse Reverses Loss
EQUITIES The Nigerian equities market was negative for most of the day however late buying interest in ZENITHBANK (+2.6%), GTCO (+1.9%) and...
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308W’Bank Loans, Others Grow Nigeria’s FX Reserves to $34.14b
Nigeria’s foreign reserves have surged to $34.14 billion, data from the Central Bank of Nigeria (CBN) released at the weekend has shown....
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300Local Bourse Off to Bearish Start
EQUITIES Trading in the domestic bourse commenced the week on a negative note, as profit-taking activities witnessed in ZENITHBANK (-2.5%) caused a...
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294Bonds: Bullish Sentiment Returns as Average Yield Dips
Bullish sentiment returned to the domestic bond market as mild buy interest pushed average yield downward marginally. Consequently, average FGN bond yield...
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306Treasury Bills: Bearish Sentiment Persists as Average Yield Advances
Last week, bearish momentum was sustained in the Nigerian Treasury Bills (“NT-Bills”) secondary market, primarily influenced by sell-offs at the long end...
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211CBN Parleys OPS to Boost Productive Sector
The Central Bank of Nigeria (CBN) recently hosted a dialogue between the Organised Private Sector (OPS) and relevant stakeholders to explore strategies for...
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223Discrepancy in Account Names Delaying Heritage Bank Customers’ Payment –NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Numbers (BVN) linked to the alternate accounts of some...
