Nigerian Equities Gained 3.40% as Investors Traded 9.8 Billion Shares in One Week
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Date10 Jul 2023
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The Nigerian Equities Market last week added 340bps as activity level skyrocketed by 191.81% WoW. The NGX All-share Index & Market Capitalization appreciated by 3.40% to close at 63,040.41 points and N34.33 trillion from 60,968.27 points and N33.20 trillion respectively.... Read More →
Nigeria’s Depleting External Reserve; How BAT Administration Can Make the Difference.
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Date03 Jul 2023
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Nigeria’s external #reserve was reported to have fallen by about $2.8 billion in the first half of 2023 according to a #CBN report. Since the new administration, analysts say that the nation’s foreign reserve has continued on a free fall... Read More →
Nigerian Equities Market Closes H1’23 in the Green, NGX All-Share Index Up 298bps.
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Date03 Jul 2023
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The Local Bourse closed H1’2023 in the positive territory, as the NGX All-share Index & Market Capitalization appreciated by 2.98% to close at 60,968.27 points and N33.20 trillion from 59,206.63 points and N32.24 trillion respectively. Year-to-Date return stood at 18.96%... Read More →
Top Stories You May Have Missed from Last Week
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Date03 Jul 2023
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Subsidy Removal: W/Bank Projects N3.9trn Savings for Nigeria by December The World Bank last week made a projection of about N3.9 trillion in revenue savings for Nigeria to enable it to reduce the current fiscal deficit resulting from its recent... Read More →