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Analysts Forecast Dovish Momentum In Nigeria’s Equities Market

Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting firms, have predicted that the bullish momentum that characterized trading sessions in the nation’s equities market over the past week may be reversed this week as the planned industrial action workers and other factors may impact negatively on the market’s performance. In […]

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Why Metering Gap Subsists In Nigeria’s Power Sector – EMRC

The Energy Markets Rates and Consultants (EMRC), a team of independent consultants providing energy market, regulatory, techno-economic and financing advice for electricity, renewables and gas sector,   has adduced several reasons for the subsisting metering gap in Nigeria, despite efforts by the government and its partners to close the gap through the National Mass Metering Programme […]

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Nigeria’s Economy Has Remained Unstable Since 2014 – Finance Minister

The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, said on Friday that the last time Nigeria’s economy looked stable was about 10 years ago, noting that since then the performance of the economy has been oscillating. The minister made this remark in his maiden press conference in Abuja during which […]

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NGX Opens Bullish In September, As Investors Gain N535Bn

In what appears a continuation of the bullish sentiment that characterized many days of its trading sessions in August, the Nigerian equites market opened the first trading session in September on Friday  bullish as investors sustained their confidence in the market. Consequently, the All-Share Index (ASI) rose by 1.47% higher to close at 67,527.19 index […]

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Bulls Regain Control Of NGX, As Investors Gain N61Bn

Nigerian equities market closed on a bullish note as investors revved up their drive for blue-chip stocks with the attendant positive impact on the market’s breadth.. The All-Share Index (ASI), the benchmark index, traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading session. Similarly, […]

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NGX Group To Pay Interim Dividend To Shareholders

The Nigerian Exchange Group Plc (NGX Group) is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each today. This derived from the decision taken by the board at its emergency meeting convened by the Group last month, during which the board decided to electronically distribute its […]

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MTN Nigeria Raises N125Bn From Commercial Paper Notes

MTN Nigeria, Nigeria’s leading mobile network operator (MNO), has raised N125 billion via series 6&7 commercial paper notes to diversify its financing options. Commercial paper refers to a short-term, unsecured debt obligation that is issued by financial institutions and large corporations as a means of raising fund cheaper than other alternatives. The MNO made this […]

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Bears Dislodge Bulls On NGX, As Investors Lose N28Bn

The Nigerian equities market recorded a remarkable decline in value of capitalization barely 24 hours after its value hit a 15-year high on Tuesday  as the All-Share Index (ASI) traded 0.08% lower to close at 66,439.53 index points. At the end of Tuesday’s trading session, the ASI, which is the benchmark index, closed at 66,490.34 […]

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DMO Sold Treasury Bills Worth N406.10Bn In July – Report

….as quoted CPs on FMDQ Exchange hits N117.32bn The FMDQ Exchange has reported that the Debt Management Office (DMO) sold Treasury Bills (TBs) worth N406.10 billion in all its auctions in July this year. The Exchange, in its ‘FMDQ Markets Monthly Report’ for the month under review, indicated that the TBs’ value  increased by 0.39% […]

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NGX Closes Trading Bullish, As Investors Gain N185Bn

The Nigerian equities market closed on bullish sentiment at the end of Tuesday’s trading session as the All-Share Index (ASI), the benchmark index, neared an all-time high, thereby translating to N185 billion gain for investors. According to data from NGX, the market’s supervisory group, the trading indices of Tuesday’s trading represent the single-day all-time-high for […]