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Lagos
Thursday, February 25, 2021
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Fiscal, Monetary authorities converging policy to reduce debt cost
  First Bank of Nigeria Holdings has declared N59.7 billion profit after tax, its audited result made available to the Nigerian Stock Exchange, NSE, as shown. FBNH has N279.983 billion market capitalisation as its shares traded at N7.50. The performance which analysts have commended came strong as the holding company...
Industry experts call it access to credit breakthrough, but the explosive growth of peer lenders, otherwise call instant credit vendors has been predicted to reduce the volume and amount of transactions from the commercial banks as operators intensify drive for market share. The rising trend of instant credits vendors...
The earnings season has not been strong enough to reverse the market from bearish move as money market continues to edge out equity for significant part of the first quarter trading session. Tracking the index and volume of trades, it has been observe that the investing communities have shifted...
Offering lending rate at above 30% could put pressure on corporate financing, but banks are comfortably charging above that except for bellwethers that have strong financial muscles and negotiation advantage. Review of data provided by the CBN on lending rate from all deposits money banks has revealed. The recent data...
Market index gained further at the end of yesterday trading session on the back of bullish performance sustained by bargained hunting. The domestic equities market advanced 0.5% on Thursday trading session to settle at 29,347.62 points following gains in bellwether stocks - GUARANTY (+2.1%), FBNH(+6.1%) and UBA (+2.4%). As a result, market capitalisation rose by...
Expert Advises Private Property Operators to Embrace PPP Scheme
Price of onion crashes in Katsina —NAN survey The price of onions has crashed from N30,000 per 100kg to N10,000 in Katsina, the  News Agency of Nigeria (NAN) reports. A market survey conducted by NAN on Thursday in Katsina showed that two months ago 100kg bag of onions was being sold...
"We Advocate a Hike in Tax Rate", FBNQuest
Multi-Tiered FX Policy Regime to remain-FBNQuest FBNQuest capital, an investment banking firm has said that, multi-tiered foreign exchange policy regime to remain, as there have been significant improvement in the Central Bank of Nigeria’s intervention. Some experts are of the opinion that the recent regime has achieved significant success, and...