NGX ASI Surged 5.49% WoW Highest in 5 Months, driven by Sustained Buy-Interest in FTNCOCOA, UNITYBNK, and STERLINGNG.
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Date19 Jun 2023
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The Nigerian bourse last week increased by 5.49% driven by sustained buy-interest in FTNCOCOA (+45.16%), UNITYBNK (+41.67%) and STERLINGNG (+29.39%) sustained bullish performance. Hence, at 59,000.96 points the equities market Year-to-Date return increased to 15.12% as market capitalization appreciated by... Read More →
INFLATION: Rise in Food Prices Pushes Nigeria’s Inflation to 22.41% in May 2023.
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Date15 Jun 2023
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The Nigeria Bureau of Statistics (MBS) says that the headline inflation rate for Nigeria in May increased to 22.41% relative to the April 2023 figure of 22.22%. This was contained in the report released by the statistics office on Thursday,... Read More →
Nigerian Student Loan: The Good, Bad, and the Ugly
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Date15 Jun 2023
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President Bola Tinubu’s led Federal Government of Nigeria on June 12, as part of the country’s 24th Democracy Day celebration, signed the “Student Loan Bill” into law in fulfillment of his campaign promises, a gesture that gained nods from Nigerians,... Read More →
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... 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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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... 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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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... 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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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,... 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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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... 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... 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... Read More →