Following gains in NIGERIAN BREWERIES (+6.1%), FBNH (+8.2%) and UBA (+7.6%), the ASI rose 14bps to 26,776.15 points. Consequently, YTD performance softened…
Finance
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The ASI gained 18bps to 26,739.44 points following buying interest in MTNN (+0.7%), UBA (+2.1%) and NIGERIAN BREWERIES (+1.0%). Consequently, YTD performance moderated to -14.9%…
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Former Minister of State for Defence Ademola Seriki has had his assets taken over by Asset Management Corporation of Nigeria over the…
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The Central Bank of Nigeria (CBN), has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million…
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At the start of trading this week according to a report by Afrinvest note to investors said that bargain hunting in fundamentally…
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EconomyFinanceNews
Nigeria not doing enough to reduce poverty, missing on list of 15 nations where poverty rates are down most
The World Bank has released the names of fifteen countries where extreme poverty has been reduced but Nigeria is not on the…
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Gains in Zenith, Guaranty Trust Bank and Access Bank pushed the Nigerian Equities market into the positive mode. At the trading floor…
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EconomyFinanceNews
Obaseki presents N177.6bn budget proposal for 2020 to Edo Assembly, makes provision for new minimum wage
The Edo State Governor, Mr. Godwin Obaseki has presented a budget proposal of N177.601bn to the Edo State House of Assembly for…
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The Edo Police Command has denied reports of robbery attempt at the Central Bank of Nigeria (CBN), Benin. DCP Ayoola Ajala, Deputy…
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EconomyFinanceNews
Fed’s Powell says interest rates will be on hold absent a material deterioration in economy
Federal Reserve Chairman Jerome Powell on Wednesday told Congress that interest rates are on hold absent a material deterioration of the economy.…
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Trading at the Nigerian Equities market saw a dip in prices of shares of three companies, Dangote Cement, Guaranty Trust Bank and…
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Africa Finance Corporation AFC, a leading infrastructure solutions provider in Africa, said that the African Development Bank Group (“AfDB”), Africa’s highest investment-grade…
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Visa said it will buy a significant minority stake in Nigerian payments platform Interswitch, creating “an instant acceptance network across Africa” that…
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The Supreme Court has upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million(N8.1billion) in damagesto BCE Consulting…
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The bulls dominated the equities market today as the ASI rose 0.5% to 26,456.39 points following price appreciation in DANGCEM (+1.0%), CCNN (+9.1%) and ACCESS (+3.8%). Consequently, YTD…