- Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
- NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
- XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
- FTSE Russell Upgrades Nigeria to Frontier Market Status
- GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
- Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
- Crude Oil Prices Decline as Supply Outlook Improves
- Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
Economy
Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield The Central Bank of Nigeria (CBN) recorded exceptionally strong investor demand at…
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says Nigeria’s economy has stabilised.
Nigeria’s gross external reserves topped $53 billion, driven by sustained FX inflows from sources
The Katsina State Government has allocated 20.35 per cent and 20.13 per cent to water resources and education sectors, respectively, in the 2024 budget.
Nasarawa Geographic Information Service (NAGIS), says it generated and remitted more than N912.3 million into the state government’s coffer between January and November.
The domestic equities market kicked off the week with a growth 0.17 per cent due to bargain hunting in Guinness Nigeria and 31 others.
In the foreign exchange market, the Nigerian Naira depreciated by 2.48% in the official market, closing at N814.60 to the dollar from N794.89 per dollar.
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real gross domestic product (GDP) growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus.
In terms of market valuation, Geregu Power Plc’s weight has increased and there is a possibility that the company could be joining the 13-digit gang on the Nigerian Exchange soon.
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