February 7, 2025/InvestmentOne Update ASI as at 12.00pm: +0.29% Top Gainers and Losers: UPDC (+9.75%), FIDSON (+9.42%), FTNCOCOA (-4.79%) and TANTALIZER (-3.85%). Sector Performances: Banking (+0.76%) Industrial (+0.32%), Oil & Gas (+0.02%) and Consumer Goods. Market activity: In today’s trade, total volume advanced by 3% while total value declined by […]
Author: InvestAdvocate
CBN Issues Guidelines for FX Sales to BDCs to Meet Retail Market Demand
February 6, 2025/CBN The Central Bank of Nigeria (CBN) has issued new guidelines for the sale of foreign exchange to Bureau De Change (BDC) operators, following the circular TED/FEM/FPC/001/030 dated December 19, 2024, which granted temporary access for BDCs to purchase FX from authorised dealers. Key provisions of the guidelines […]
Nigerian Equities Sustain Bullish Run Fourth Straight Session +0.1% on Bellwether Counters
February 6, 2025/Cordros Report EQUITIES The Nigerian equities market sustained its bullish momentum for the fourth consecutive trading session, driven by gains in TRANSCORP (+1.1%), ETI (+3.0%), and ZENITHBANK (+0.6%). As a result, the All Share Index (ASI) edged up by 0.1% to 105,430.15 points, bringing the Month-to-Date (MTD) and […]
