Nigeria’s Naira Float: Effects on Foreign Education.
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Date15 Jun 2023
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The Central Bank of Nigeria (CBN) on Wednesday, June 14, issued a directive to banks to remove the cap on the Investors’ and Exporters’ (I & E) window thus allowing for the free float of the naira exchange rate. This means that the exchange rate on this window would be determined by the invisible hands, the... Read More →
Nigeria Equities Market Extends Bullish Run as NGX ASI Gains 0.20% WoW.
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Date13 Jun 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Nigeria Equities Market last week extends its bullish run as the NGX ASI gains 0.20% WoW, closing positive in one of the five trading sessions. Bargain-hunting in large-cap stocks such as MANSARD (+25.39%), ETERNA (+45.41%), and JAPAULGOLD (+23.08%) was responsible for the positive performance. Hence, at 55,930.97 points the equities market Year-to-Date return increased to... Read More →
Nigerian Student’s Loan Act: key things you should know about the new Act and how to access the student loan.
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Date13 Jun 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
President Bola Tinubu on Monday, June 12, 2023, signed into law the Students Loan Bill, thus ushering in a transformative era for educational funding in Nigeria. The new law which provides for the establishment of an education bank, offers interest-free loans to poor Nigerian students seeking higher education in public Universities, Polytechnics, and Colleges of... Read More →
Sustained buy-interest in Oil and Gas Stocks lifts Nigerian Bourse as NGX ASI gains 5.37% WoW.
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Date05 Jun 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Sustained buy-interest lifts the domestic Bourse last week, as the NGX ASI gain 5.37% WoW, closing positive in all of four trading sessions. Buy-interest in large-cap stocks such as CONOIL (+45.78%), ETERNA (+32.14%), and JAIZBANK (+30.00%) sustained positive performance. Hence, at 55,820.50 points the equities market Year-to-Date return increased to 8.92% as market capitalization appreciated... Read More →
Bargain-Hunting in FTNCOCOA, RTBRISCOE, and TRANSCORP Lifts NGX by 1.51% WoW.
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Date30 May 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
The Local Bourse, last week, appreciated as the NGX ASI gain 1.51% WoW, closing positive in four of five trading sessions. Bargain-hunting in large-cap stocks such as FTNCOCOA (+54.55%), RTBRISCOE (+40.74%), and TRANSCORP (+16.29%) sustained positive performance. Hence, at 52,973.88 points the equities market Year-to-Date return increased to 3.36% as market capitalization appreciated by 151billion... Read More →
CBN Raises MPR by 50bps to 18.5%, the third time in one year
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Date25 May 2023
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points, from 18 percent to 18.5 percent, the third time in one year. Recall that the CBN had raised MPR from 16.5% to 17.5% in January, then to 18% in March 2023. This was contained... Read More →
Nigerian GDP Expanded by 2.31% in Q1’2023
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Date24 May 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
According to data recently released by the National Bureau of Statistics (NBS), Real Gross Domestic Product (GDP) grew by 2.31 percent (year-on-year) in the first quarter of 2023, compared with 3.11 percent in the corresponding quarter of 2022 and 3.52 percent in the preceding quarter. The economy moderated on its current recovery trajectory, posting positive,... Read More →
Nigeria’s Inflation Hits 22.22% In April 2023, Highest in 19years
Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the previous month. According to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate increased for the fourth consecutive month, maintaining the highest rate in 17 years. Compared... Read More →
Buy-interest in DANGSUGAR, BUAFOOD, and others, Boosts Bourse as NGX ASI gained 2.04% WoW.
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Date02 May 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
The Nigerian Equities market last week closed higher, as the NGX ASI gained 2.04% WoW, closing positive in all trading sessions. Buy-interest in large-cap stocks such as DANGSUGAR (+14.04%), BUAFOOD (+11.76%), and TRANSCORP (+14.69%) boosted the performance of the domestic bourse. Hence, at 52,403.51 points the equities market’s Year-to-Date return increased to 2.25% as market... Read More →
EARNINGS UPDATE: NB Plc Exhibited Negative Outing in Q1’2023.
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Date27 Apr 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Consumer Goods giant, Nigerian Breweries Plc exhibited a negative outing in Q1’23 as Profit After Tax (PAT) declined by -21.29% to N10.715bn from N13.613bn in the corresponding period of 2022. This is partly due to the company’s inability to upscale its revenue in the period. Total Revenue declined by -10.49% to N123.313bn from N137.771bn in... Read More →