The local bourse reversed the losses recorded since the beginning of the week, as buying interest in NESTLE (+6.4%), DANGCEM (+6.5%), and PRESCO (+5.5%) drove the All-Share...
The Board of Directors of Ecobank Nigeria has announced the appointment of three non-executive directors: . Mrs. Bola Adesola, Mrs. Titilayo Olujobi and Mrs. Bimbola Wright....
The domestic equities market began the week in red, driven by profit-taking in BUACEMENT (-2.9%), GTCO (-0.5%), and ZENITH (-0.2%), as the All-Share Index declined 25bps to 38,864.33 points. Accordingly, YTD loss worsened to...
The Board of Directors of the African Development Bank (AfDB) Group has approved a new policy framework for the Independent Recourse Mechanism (IRM). The IRM provides...
The Central Bank of Nigeria (CBN), has said it has concluded plans to launch the Central Bank Digital Currency (CBDC) on Oct. 1. Rukiya Mohammed, Director,...
Senate has passed the 2022-2024 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP. with the approval of deficit Expenditure of N13.98 trillion the Federal...
Today, sell-offs in financial services stocks – ACCESS (-3.4%), UCAP (-5.0%), and UBA (-0.6%) – further dragged the market as the All-Share Index slid 5bps to close at 38,852.69 points. Accordingly, YTD loss...
President Muhammadu Buhari has ordered the use and deployment of technology to tax all digital transactions carried out across Nigeria in a bid to improve government...
At the close of trade, sell-offs in Banking stocks – ZENITH (-2.3%), GTCO (-0.7%), and ACCESS (-1.1%) – dragged the benchmark index southward as the NGX All-Share Index dipped 8bps...
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has described Federal Government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right...
Today, sell-pressure on REDSTARE (-3.2%), CUTIX (-3.1%), and SCOA (-9.4%) dragged the local bourse to the red zone as the NGX All-Share Index fell 10bps to close at 38,906.42 points....
Senate has indicted the Budget Office, Ministry of Information, Ministry of interior and 36 others Ministries, Departments and Agencies, MDAs over un retired Advances to the Federation...
The Central Bank of Nigeria Governor, Godwin Emefiele, has said that the apex bank will go after the owner of Aboki FX, an online platform that...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent Mr...
Away from our expectation last week, the bulls took the market by the horn as investors hunted for bargains. Accordingly, the All-Share Index rose 10bps w/w...