January 2, 2025/FBNQuest Research Culled: Proshare The Central Bank Nigeria’s (CBN) recent monthly economic report, notes that the gross federally collected revenue for distribution to the three tiers of government fell by -8% month-on-month (MoM) to roughly N2.0trn in October 2024. Conversely, in terms of year-on-year (YoY) comparison, the figure […]
Author: InvestAdvocate
NGXASI Gains -0.25% to Open First Trading Session of Year 2025
January 2, 2025/InvestmentOne Report The NGXASI advanced by 0.25% today to close at 103,180.14pts as gains in UCAP (+9.80%), UNILEVER (+9.26%) and ZENITHBANK (+0.77%) drove the Nigerian bourse into the green zone. In the fixed income space, the Treasury Bills secondary market traded on a positive note, due to buy pressure seen across […]
Ardova, Heyden Join Dangote Refinery to Ensure Affordable PMS for Nigerians
January 2, 2025/Dangote Group Propelled by the economic relief provided by President Bola Ahmed Tinubu’s crude-for-naira swap initiative, two prominent players in Nigeria’s downstream oil and gas sector—Ardova Plc and Heyden Petroleum—have entered into a bulk purchase agreement with the Dangote Petroleum Refinery. This strategic move is designed to ensure […]
