Month: February 2024

Alpha Seekers Bet N2.24Trn on Treasury Bills The Central Bank of Nigeria (CBN) refused large Treasury bill demand by local investors in its latest primary market auction. Alpha seeking investors…

Geregu Power Grows Shareholders’ Wealth by 8 Fold In 2024, few listed stocks have seen a fast and furious increase in market valuation. Geregu Power Plc is among one of…

FBNH Sees 11% Increase in Market Value FBN Holdings Plc (Ticker: FBNH) became investors’ toast in the stock market despite a massive run down on combined equities market capitalisation by…

Hardship: CPPE Wants CBN to peg Customs Duty at N1000/$ The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg the…

Naira Suffers Big, CBN Goes Ballistic Against FX Whales The Nigerian naira suffered a big blow in the foreign exchange markets after the Central Bank of Nigeria (CBN) went ballistic…

MPC: Firm Sees 1.50% Interest Rate Hike in Feb Meeting To reduce inflation pressure on the economy, the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) is…

NGX Falls by N2Trn as Sell Orders Dominate Stocks Trading Equities investors lost about N2 trillion to sell orders dominated stocks trading on the Nigerian Exchange (NGX). Several stockbrokers were…

Ecobank Group Wins Best Bank for SMEs in Africa Ecobank, the leading pan-African Banking Group, proudly announces that it has won the esteemed Best Bank for SMEs in Africa 2024…

FX Sales of $10,000+ to BDCs Requires Disclosure –CBN The Central Bank of Nigeria (CBN) has mandated foreign exchange (FX) sellers to Bureau De Change (BDC) of the equivalent of…

Telecom Voice Subscribers Grow Slightly to 224.7m in Q4-2023 The National Bureau of Statistics (NBS) said 224,713,710 active voice subscribers were recorded in the fourth quarter of 2023. According to…