On Friday , 8 January 2021, the Central Bank of Nigeria (CBN) moved to cut over N600 billion in Cash Reserve Requirement (CRR), creating a chaotic scarcity of funds and shortage of foreign exchange in the economy. The latest CRR policy mandates banks to keep 27.5 percent of deposits with the CBN. Recently, the apex […]
Saturday, December 16, 2021 07:50 AM / Proshare Content Header Image Credit: EcoGraphics Proshare Nigeria Pvt. Ltd. Nigeria: Economic Dashboard @ 150121 Proshare Nigeria Pvt. Ltd. Editor’s Note Source: Proshare Research – January 16, 2021 According to the CBN, the top 10 non-oil exporters in Nigeria exported $57.74m goods in August 2020. The amount earned […]
LAGOS (Reuters) – Nigeria’s Heirs Holding announced on Friday it had bought a 45% stake in an onshore oilfield as part of a deal that it said included $1.1 billion in financing from a consortium of global and regional banks and investors. International oil majors have been trying to sell stakes in onshore oilfields in […]
Workers capping an oil well in Texas. After last year’s plunge in demand, spending on… Oil and gas prices are rebounding from their pandemic lows, but the road ahead for the industry remains challenging amid new competitive threats and demands from investors. Global spending on oil and gas production is poised to remain below pre-pandemic […]
Following sustained bargain-hunting in the shares of most blue-chip stocks, the Nigerian equity market extended a bullish run to three consecutive sessions, yesterday, as the All-Share Index (ASI) increased further by 0.11 per cent. At the close of transactions Wednesday, the ASI expanded by 45.10 absolute points, or 0.11 per cent increase to close at […]
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN For four consecutive sessions, sustained bargain hunting in the shares of blue-chip stocks pushed the Nigerian Stock Exchange (NSE) market capitalisation up by N325 billion. At the close of trading yesterday, the All-Share Index (ASI) gained 622.09 absolute points, representing an increase of 1.54 per […]
By Taofik Salako, Deputy Group Business Editor The Nigerian Stock Exchange (NSE) has removed 17 companies from its market-gauging indices to ensure that the indices fully reflect the market situation and the underlying fundamentals they represent. At the end of the annual full-year market index review, the NSE removed 17 companies from seven indices while […]
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]
Johnson Okafor Equity trading on the floor of the Nigerian Stock Exchange on Tuesday closed on a positive note with a gain of N75bn as the bulls regained grip on trading activities. The Nigerian Stock Exchange All-Share Index appreciated by 0.36 per cent with market breadth closing positive with 27 gainers against 20 losers. The […]
Nigerian stocks gained N75.906 billion on Tuesday amidst increased investors’ interest in the shares of Dangote Cement, Ardova, NASCON, Dangote Sugar and May & Baker. The All Share Index (ASI) was up by 0.36 per cent and closed 40,295.95 basis points. Market capitalisation edged up to N21.070 trillion, according to Nigeria Stock Exchange data. Year […]
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