Contributions to COVID-19 relief fund now ₦27.160 billion - CBN. The Nigeria Private Sector Coalition against COVID-19 (CACOVID), has so far contributed about N27.160 billion to help fight the coronavirus pandemic.
FBNQuest, one of the leading merchant banks, has estimated average Nigerians spending capacity at $50 per month. In its recent analysis on the economy, FBNQuest is of the view that inflationary pressure has contributed to the subdued spending, say food inflation has remained high. Analysts said that although Nigeria’s economy...
Equities market gains ₦258.5 billion amid lockdown extension
Market index slides as sell-offs knocked off ₦15bn from local bourse. Market traded under fear of coronavirus as sell-offs knocked of more than N15 billion from the opening market capitalisation on Monday.
Stock Market Capitalisation Rises to ₦13.135 on Improve Sentiments The prevailing bullish sentiment continued on the last trading day of the week as Nigerian Stock Exchange market cap hit ₦13.135 trillion. Investors’ fortunes increased by ₦233 billion following price appreciation in some large and medium cap stocks. Similarly, the All-Share Index increased...
CBN technically devalues Naira, sets rate at ₦380 per dollar. The Central Bank of Nigeria sold naira at ₦380 per dollar to deposits money banks on Friday, the move that analysts said that may end multi-tiered exchange rate regime.
Equity market sinks to ₦11.505 trillion amid COVID-19 Bouts. As Nigerians are becoming apprehensive following an increase in reported cases of COVID-19, the performance of equity market today plunged as year to date losses widen.
Tier-1 Banks Pull ₦775 Billion Profits as Total Assets Hit N30 Trillion. Despite the slow growth in the economic, Tier-1 Banks were able to make the earnings season an impressive one.
Investors Gain ₦22.7bn as Bargain Hunting Lifts Benchmark Index