Electricity Subsidy Removal: FG’s Last Shot in the First Month
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Date26 Jun 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Subsidy removal on Electricity by July 2023, is the last shot of the new administration of President Bola Amed Tinubu in His first month in office. Recall the President announced that “petrol subsidy is gone’ on May 29, in his... 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 →
Investors may find Ghana’s Eurobond more Attractive Compared to Other West African Countries.
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Date23 Jun 2023
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Ghana’s #Eurobond may become more attractive to #investors as the country’s economy shows signs of improvement in the first quarter of #2023 compared to 2022. The data shine the spotlight on #Ghana as the fastest economy among its West #African... Read More →
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 →
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 →
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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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 →
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... Read More →