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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...
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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...
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Nigerian Equities Market Point Southwards as Profit-taking Persist,  NGX All-Share Index Lost 0.31%

The Nigerian Equities Market closed in the red on Thursday as investors continue to harvest accumulated interest in some large-cap stocks. The NGX All-Share Index went down by 31bps to close at 68,082.11 points from 68,286.28 points. The bearish outing...
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Fitch places Gabon on ‘rating watch negative’ After Military coup

Fitch Ratings has placed Gabon’s ‘B-‘ Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDR) on Rating Watch Negative (RWN). The ‘B’ Short-Term Foreign- and Local-Currency IDRs and the ‘B-‘ issue ratings on Gabon’s long-term foreign-currency senior unsecured bonds have also...
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Local Bourse Sustains Bullish Run as Bargain-Hunting in DANGSUGAR, BUAFOODS Stocks Persist,  NGX All-Share Index Gained 8bps

Bullish trek in the Nigerian Equities Market continued on Wednesday as Consumer Goods Stocks drag market to a positive close. The NGX All-Share Index appreciated marginally by 0.08% to close at 68,334.68 points from 68,279.14 points. The positive performance was...
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Shares Buyback: PZ Cussons to acquire all shares held by shareholders at N21 per share

PZ Cussons Nigeria Plc (PZCN) has announced its that PZ Cussons (Holdings) Limited plans to purchase all outstanding shares from its shareholders at a rate of N21 per share. Data on NGX shows that PZCN currently has 3,970,477,045 shares listed...
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Profit-taking in ZENITH, GTCO, Others, Turn Local Bourse Backwards, NGX All-Share Index Down 0.08%

The Nigerian Equities Market took a U-turn on Wednesday as invested harvested from Market Leaders, despite improvement in market activities. The NGX All-Share Index depreciated 8bps to close at 66,439.53 points from 66,490.34 points. The bearish outing was largely due...
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Why Only Financial Statement Analysis May Fail in Today’s Volatile Business Environment

In the investment world, investors interpret company’s performance based on the numbers in the financial statement for investment decision. While this is part of the metrices, financial statement analysis may not be enough to determine a company, especially, as the...
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