Economy & Market
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76FCMB Group Records 186% Profit Growth, Proposes 50k Dividend
For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its...
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222Local Bourse Halts Bearish Performance
EQUITIES The local bourse closed on a bullish note today driven by renewed interest in MTNN (+4.0%) and FBNH (+6.9%). Consequently, the NGX...
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274Central Bank Halts Four MFBs from Onboarding New Customers
In a move highlighting ongoing scrutiny of foreign exchange transactions, the Central Bank of Nigeria (CBN) has directed four major Microfinance Banks...
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385Lagos, Rivers lead States in ₦18b Bank Fraud Loss
The Nigeria Inter-Bank Settlement System has revealed that Lagos, Rivers States and the Federal Capital Territory led the financial fraud count in...
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151Stock Market Kicks Off Bearish
EQUITIES The domestic stock market kicked off on a bearish note as sell pressures on GTCO (-7.9%), DANGSUGAR (-10.0%), SEPLAT (-2.3%) and...
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200Volatility: ABCON to Operate Unified Retail FX Operations
To checkmate FX volatility, the Association of Bureaux De Change Operators of Nigeria (ABCON) has revealed that it is working on establishing a...
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1.0KFirst Positive Net Offshore Flows in 10 Months: Is CBN Pulling its Weight?
This week, we focus on the NGX Domestic & Foreign Portfolio Participation report for the month of March. For context, the report...
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181Economic and Market Report: Week Ended 26-04-2024
Global Economy Preliminary estimates from the United States (US) Bureau of Economic Analysis show that the US economy expanded by 1.6% q/q...
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149NGX All-Share Index Closes negative
Over the course of the week, losses in MTNN (-9.82% w/w), ZENITHBANK (-8.17% w/w), and FBNH (-16.26% w/w), outweighed buy interest in...
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140Local Bourse Rebounds
EQUITIES Trading activities in the local bourse closed on a positive note today, as buying interest in TRANSCOHOT (+9.8%) triggered a 0.1%...
