NGXGROUP, UNILEVER, others led Nigerian stocks to close the week positive consequently bringing the Year-to-Date return to an improved 3.71%, while market capitalisation inched up by 0.79% to close at N21.79 trillion.
Local Economic Updates President Muhammadu Buhari is scheduled to formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the Senate House, Abuja. The CBN will further engage various stakeholders as... Read More →
Investors Gain N328.98bn WoW, NSEASI Inches up by 1.39%, to Close the Week in Green.
The NGX ASI closed the week in green by 1.39% as it closed positive in 4 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as FBNH (+29.59%) and ETI (+9.52).... Read More →
NIGERIA’S INFLATION REPORT – SEPTEMBER 2021
The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 16.63% Year-on-Year (YoY) in Sept’21. This is 0.38% lower than the rate recorded in Aug’21 (17.01%). The headline inflation rate eased for... Read More →
WEEKLY MARKET UPDATE:
The NSE ASI closed the week in green by 1.61% as it closed positive in all the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as FBNH (+21.74%) and ETERNA (+10.00%). Consequently,... Read More →
E-Naira Digital Currency: What You Need to Know.
Some weeks ago, the Central Bank Governor, Mr Godwin Emefiele announced that Nigeria plans to launch its own digital currency, called the “eNaira”. This is a central bank digital currency (CBDC), which is the virtual format of a fiat currency... Read More →