Author: InvestAdvocate

Intraday Update: Nigerian Stocks Gain +0.25%, Buoyed by Bellwether Counters

September 30, 2024/InvestmentOne Update ASI as at 12.00pm: +0.25% Top Gainers and Losers: NSLTECH (+10.00%), RTBRISCOE (+9.97%), ELLAHLAKES (-9.96%) and CAVERTON (-9.70%). Sector Performances: Banking (+1.36%), Consumer Goods (-0.03%), Industrial (-0.01%) and Oil & Gas. Market activity: In today’s trade, total volume and value surged by 1609% and 4801%, when […]

Ivorian Fintech, Daba Finance Crowned 2024 Ecobank Fintech Challenge Winner, taking home US$50,000

Melanin Kapital from Kenya named runner-up and winning US$10,000, while Guinean fintech YMO takes third place with US$5,000 September 30, 2024/Ecobank Transnational Incorporated Ecobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flasghip Ecobank Fintech Challenge 2024. Twelve (12) innovative fintech […]

CBN Reports Sustained Growth in Money Supply

September 30, 2024/CSL Research The recently updated report from Central Bank of Nigeria (CBN) indicates that Money Supply (M2) rose to a new high of N107.2trn in August 2024, a month-on-month growth of 0.87% from July. On a year-on-year basis, it has now risen by a staggering 63.3% from N65.6trn […]