October 23, 2024/InvestmentOne Update ASI as at 12.00pm: +0.07% Top Gainers and Losers: REGALINS (+9.62%), ABBEYBDS (+7.55%), NNFM (-9.93%) and CHAMPION (-6.10%). Sector Performances: Industrial (+0.01%), Oil & Gas (-0.02%), Consumer Goods (-0.02%) and Banking (-0.01%). Market activity: In today’s trade, total volume and value decreased by 74% and 86% respectively, […]
Author: InvestAdvocate
Nigeria Recorded a Higher Fiscal Deficit of N4.3trn in Q2 2024
October 22, 2024/FBNQuest Research A closer look at the Central Bank of Nigeria’s (CBN) Quarterly Statistical Bulletin (QSB) shows that the FGN’s fiscal deficit in Q2 2024 widened to about N4.3trn compared with deficits of N4.2trn and N2.6trn registered in Q1 2024 and the year-earlier period. Cumulatively, the FGN’s retained […]
Coronation Fixed Income and Exchange Rate Update
October 22, 2024/Coronation Research Summary Market liquidity closed at negative N837.3bn on Friday (18, Oct ‘24). Call, overnight, and repo rates closed within the range of 6.6% – 32.6% as rates in the market tightened. Last week, the average NTB yield increased by +100bps to close at 24.2 w/w. The […]
