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Nigerian Equities Market Advances as FBNH Lead Gainers, NGX All-Share Index Up 0.48%

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The Nigerian Equities Market closed in the green on Tuesday as First Bank Holdings share price gained 9.98%. The NGX All-Share Index added 43bps to close trading at 71,250.17 points from 70,946.83 points. The YTD closed at 39.02%. Market Capitalization closed at N38.99 trillion. UACN recorded over 61.710 million shares worth N947.41 million to top...
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Equity Investors Share N275bn Profit As NGX All-Share Index  Gain 783bps in November

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The Nigerian Equities Market closed November in positive territory, as the NGX All-Share Index added 783bps to close the month at 71,365.25 points from 70,581.76 points. The YTD closed at 39.25%. Market Capitalization closed at N39.05 trillion from N38.78 trillion. GTCO recorded over 67.229 million shares worth N2.603 billion to topmost traded stocks on Thursday....
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Nigerian Equities Market Slides 0.65% After Eid-ul-Maulid Holiday

Nigerian Equities Market open post-holiday session in the red as large-cap stocks declined. The NGX All-Share Index lost 0.65% to close at 66,448.63 points from 66,882.64 points. The negative performance was due profit-taking in some blue-chip stocks such as DANGSUGAR (-6.00%), UBA (-3.59%), GTCO (-0.72%), and ACCESSCORP (-0.32%). While YTD returns declined to 29.65% from...
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Local Market Economic Updates

Concrete roads: Cement price to hit N9,000, say manufacturers The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price of N5,000…Read more Conoil to pay shareholders N1.73bn dividend Conoil Plc...
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Nigeria’s Headline Inflation Prints 25.8% in August On FX Scarcity, High Transport Cost, Others

Headline Inflation As the global economies continue to battle accelerating inflation, the Nigeria Headline Inflation prints 25.80% in August 2023, 1.72% rise compared with 24.04% in July. According to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate rose for Eight consecutive month, maintaining the highest rate...
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Nigeria’s Headline Inflation Prints 25.8% in August On FX Scarcity, High Transport Cost, Others

Headline Inflation As the global economies continue to battle accelerating inflation, the Nigeria Headline Inflation prints 25.80% in August 2023, 1.72% rise compared with 24.04% in July. According to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate rose for Eight consecutive month, maintaining the highest rate...
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Nigerian Equities Market Nosedives as Investors Expect High Inflation Numbers, NGX-ASI Down 0.12%

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Nigerian Equities Market closed bearish on Thursday as investors anticipates high inflation numbers. The NGX All-Share Index decline 12bps to close at 67,335.30 points from 67,414.40 points. The negative outing was due to profit-taking some blue-chip stocks such as NESTLE (-2.38%), GTB (-2.96%), FBNH (-1.67), and ZENITH (-2.51). Consequently, YTD returns declined marginally to closed...
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Nigerian Bourse Bounces Back After Days Decline, NGX-ASI Up 0.98%

Nigerian Equities Market recovered from two consecutive declines in the new week . The NGX All-Share Index advanced 98bps to close at 67,414.40 points from 66,760.20 points. The bullish performance was due to buy-sentiment in some blue-chip stocks, especially, in the Banking Sector, such as ACCESSCORP (9.97%), GTB (6.00%), UBA (9.78). Consequently, YTD returns closed...
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Equities Market Extend Decline As Banking Stock Tumbles, NGX Shed 1.24%

Equities Market Extend Decline As Banking Stock Tumbles, NGX Shed 1.24% Nigerian Equities Market opened the week in the red as Banking Stocks slide backward. The NGX All-Share Index depreciated marginally by -1.24% to close at 67,296.18 points from 68,143.34 points. The bearish outing was as a result of profit-taking in some large-cap stocks in...
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Local Market Economic Updates

Fitch Affirms Union Bank of Nigeria PLC at ‘B-‘; Outlook Stable Fitch Ratings has affirmed Union Bank of Nigeria PLC’s (UBN) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has also affirmed the bank’s National Long-Term Rating at ‘BBB(nga)’ and assigned a Stable Outlook. UBN’s IDRs are driven by its standalone...
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