Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23
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Date18 Jul 2023
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Headline Inflation Rising prices of food items, occasioned by petrol subsidy removal, among others, have driven the rate of inflation to an all-time high, 22.79% compared with 22.41% in May’23. According to the latest Consumer Price Index (CPI), report by... Read More →
Nigerian Equities Gained 3.40% as Investors Traded 9.8 Billion Shares in One Week
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Date10 Jul 2023
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The Nigerian Equities Market last week added 340bps as activity level skyrocketed by 191.81% WoW. The NGX All-share Index & Market Capitalization appreciated by 3.40% to close at 63,040.41 points and N34.33 trillion from 60,968.27 points and N33.20 trillion respectively.... Read More →
Nigerian Bourse Closes the Week in the Green, NGX All-Share Index Up 0.34%
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Date26 Jun 2023
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Trading on the floor of the Nigerian Equities Market last week closed positive, as the All-share Index & Market Capitalization appreciated by 34bps and 0.36 percent to close at 59,206.63 points and N32.24 trillion. Year-to-Date return stood at 15.48%. Market... 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 →
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... Read More →
Local Bourse Extends Bullish Run as NGX ASI Gained 0.48% WoW.
Local Bourse extended its bullish run last week, as the NGX ASI gained 0.48% WoW, closing positive in three of the five trading sessions. Buy-interest in large-cap stocks such as DANGCEM (+3.60%), and MTNN (+1.40%) drove the local bourse northwards.... Read More →