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Stock Market Update: NGX records 0.44% Decline Week on Week.

Bearish sentiment persists in the local bourse as the NGX ASI declined by 0.44% WoW, closing negative in 4 of the 5 trading sessions. It fell on significant decreases in high-value stocks such as BETAGLASS (-9.96%) and UACN (-6.82%). Consequently, at 49,475.42 points, the equities market’s Year-to-Date return decreased to 15.82% as market capitalisation declined...
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Gains in Guinness Plc, Vitafoam Plc, and Others Drive NGX ASI Up by 0.73%.

The Nigerian bourse at the weekend maintained a positive trend, as the NGX ASI increased by 0.73%, closing positive in 3 of the 5 trading sessions. It improved on significant increases in bellwether stocks such as GUINNESS (+9.88%) and VITAFOAM (+16.26%). Consequently, at 50,045.83 points, the equities market’s Year-to-Date return increased to 17.16% as market...
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The New CBN Interest Rates on Savings – The Potential Impact

The Central Bank of Nigeria CBN in a circular dated August 15, 2022, said it has revised interest rates from previously 10 percent to 30 percent of the Monetary Policy Rate (MPR). Implications for Depositors This means that savings depositors would receive a minimum return on their funds of 4.2% annually (as opposed to 1.4%...
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Nigerian Equities Close the Week Negative, NGX ASI Down by 0.59%.

The local bourse closed in red last week, the NGX ASI declined by 0.59%, closing negative in 4 of the 5 trading sessions during the week. It fell on the back of selling pressures in large caps such as FLOURMILL (-10.48%) and CADBURY (-11.04%). Consequently, at 49,370.62 points, the equities market’s Year-to-Date return decreased to...
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The Nigerian Equities Market

The Local Bourse rebounded from its negatory territory as it increased by 0.70%  WoW, despite closing negative in three of the five trading sessions during the week. It improved on the back of buying pressures in large caps such PZ (+20.59%) and ETERNA (+15.32%). Consequently, at 50,722.33 points, the equities market’s Year-to-Date return increased to...
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FINANCIAL LITERACY: Personal Finance Planning

The ways and manner we handle our financial resources play a significant role in our behaviour towards money, which can in turn strain and create tension in our lives. The inability to meet financial obligations as and when due can lead to liquidity problems and financial pressure. A comprehensive financial plan with clearly stated objectives...
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The Nigerian Equities Market

The Nigerian Domestic Bourse declined further by 3.10% WoW, closing negative in four of the five trading sessions of the week. It fell on the back of selling pressures in large caps such MTNN (-12.62%) and PZ (-18.27%). Consequently, at 50,370.25 points, the equities market’s Year-to-Date return decreased to 17.92% as market capitalisation declined by...
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