Month: February 2024

Nigeria FX Crisis Result of Poor Regulatory Oversight Elites destroyed the naira for personal gains, there is no doubt about that, critics said on Monday after the apex bank spotted…

Transcorp, Geregu Drive Intraday Gain on Nigerian Bourse Positive share price movements registered by banking and industries stock have pushed the Nigerian Exchange higher during the intraday trading sessions, Alpha…

Banks Funding Profile to Improve as CBN Seeks to Stop Daily CRR Debits As the regulator continues to fine-tune policy for inclusive growth, the apex bank has said it will…

Court Orders FCMB to Deposit N540m Defamation Damage Awarded to Prophet Omale The Court of Appeal in Abuja has ordered the First City Monument Bank (FCMB) to pay N540 million…

Treasury Bills Yield Climbs 293bps to 9.7% -MarketNews The average yield on the Nigerian Treasury bill (NTB) climbed by 269 basis points in the secondary market as a result of…

Uncertainties Threaten Survival of Companies in Nigeria As foreign exchange losses continue to impact earnings performance negatively, companies operating in fast fast-moving consumer goods (FMCG) sector are facing multiple unpriced…

US Dollar Inflows to FX Market Slumps 39% Foreign currency inflows into the Nigeria FX market declined by more than 39% in January 2024 amidst US dollar shortage that has…

Tripple Gee & Company Inks 42% Market Valuation Growth Tripple Gee and Company Plc led the gainer chart on the Nigerian Exchange (NGX) as its share price increased by 42%.…

Nigerian Exchange Rises by N1.12Trn to N57Trn Year-to-date return inched near 40% as the equities market capitalisation of the Nigerian Exchange (NGX) hit N57 trillion following buying interest on value,…

Geregu Power Hits N1.42trn on Earnings Beat –MarketNews The market value of Geregu Power Plc jerked up to N1.42 trillion after the company’s 2023 earnings beat. Its profit climbed by…