Seplat Energy Declares US3 Cents Interim Dividend Amid 59.3% Dip in PBT
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Date28 Jul 2023
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Seplat Energy Plc has announced that it would pay its shareholders and interim dividend (H1’2023) of United State Three Cents (US3 Cents), despite a sharp decline in Profit Before Tax (PBT) in H1’2023. The Company’s financial statement made available on... Read More →
Nigerian Bourse Gains N1.33 Trillion to End the Week Bullish
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Date24 Jul 2023
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The Nigerian equities market last week recorded a bullish performance as the value of listed stocks appreciated by 3.89% (N1.33 trillion). The NGX All-share Index & Market Capitalization appreciated by 3.94% and 3.89% to close at 65,033.39 points and N35.40... Read More →
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 →
US Inflation Down to 3% in June 2023
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Date12 Jul 2023
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The Federal Reserve may likely pause rate hikes as #inflation continue to ease. The prices of #US goods and services hit a two-year low in June, a sign that inflation is continuing to ease as the economy responds to the... Read More →
Like the Biblical Dry Bone, Nigeria’s Capital inflow can Rise Again if…
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Date10 Jul 2023
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According to the #Nigeria Bureau of Statistics (NBS), the total #capital importation into Nigeria in Q1 2023 stood at $1,132.65 billion, a 28% decrease compared to $1,573.14 billion recorded in Q1 2022. When compared to the preceding quarter, the nation’s... 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 →
Nigeria’s Depleting External Reserve; How BAT Administration Can Make the Difference.
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Date03 Jul 2023
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Nigeria’s external #reserve was reported to have fallen by about $2.8 billion in the first half of 2023 according to a #CBN report. Since the new administration, analysts say that the nation’s foreign reserve has continued on a free fall... Read More →
Nigerian Equities Market Closes H1’23 in the Green, NGX All-Share Index Up 298bps.
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Date03 Jul 2023
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The Local Bourse closed H1’2023 in the positive territory, as the NGX All-share Index & Market Capitalization appreciated by 2.98% to close at 60,968.27 points and N33.20 trillion from 59,206.63 points and N32.24 trillion respectively. Year-to-Date return stood at 18.96%... Read More →
Top Stories You May Have Missed from Last Week
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Date03 Jul 2023
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Subsidy Removal: W/Bank Projects N3.9trn Savings for Nigeria by December The World Bank last week made a projection of about N3.9 trillion in revenue savings for Nigeria to enable it to reduce the current fiscal deficit resulting from its recent... Read More →
Electricity Subsidy Removal: FG’s Last Shot in the First Month
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Date26 Jun 2023
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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 →