Browsing: Uncategorized
CBN Moves against Non-Repatriation of Exporters’ FX Proceeds. The Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds for further action.
Read Also: 5 Investment Firms Downgrade FCMB, Express Concern over Earnings Outlook
FX: Parallel Market Rate Hits Resistance Level – Analysts
ARM Securities Bullish on Bulge Balance Sheet Banking Stocks. Equity analysts at Asset and Resources Management (ARM) Securities have remained bullish on bulge balance sheet banks as analysts rated their stock strong buy.
Market Temperature Rises as CBN Floats OMO Auction Again The money market records retail foreign exchange auction pressure on funding…
Inflation Rate to Tick Up by 0.08% in July – Meristem. Analysts at Meristem Securities Limited have projected an uptick in July inflation rate by 0.08% to 12.64%. The nation’s headline inflation has been on ascendancy for 11-months straight before it peaked 12.56% in June, according to NBS
Oil rises after bigger-than-expected drop in U.S. inventories
African Trade Insurance: President Buhari finalises Nigeria’s membership President Muhammadu Buhari has signed the instrument of ratification to the African…
Neimeth Plc: Analysts Advised Investors to Sell despite Enhanced Profitability WSTC Securities Limited has advised investors to offload Neimeth Pharmaceutical…
Investors’ Fortune drops by ₦75.1 Billion as All-Share Index Dips. Investors’ fortune drops by ₦75.1 billion as the Nigerian Stock Exchange (NSE) All-Shares Index Dip on Tuesday.
Sell-offs in DANGCEM (-4.1%), ACCESS (-0.8%) and MANSARD (-8.2%) dragged the All-Share Index down 58 basis points (bps) to