August 26, 2024/InvestmentOne Report The NGXASI advanced today by 0.07% to close at 96,037.28 pts as gains in OKOMUOIL (+9.99%), OANDO (+9.93%) and BUAFOODS (+4.20%) drove the domestic equities market into the positive territory. In the fixed income space, the Treasury Bills secondary market closed positive as there was optimistic sentiment […]
Author: InvestAdvocate
Nigerian Equities Open Week Positive +0.1%, Driven by BUAFOODS
August 26, 2024/Cordros Report EQUITIES Trading in the Nigerian equities market began the week on a positive note as buying interests in BUAFOODS (+4.2%) drove the All-Share Index 0.1% higher to close at 96,037.28 points. Accordingly, the Month-to-Date and Year-to-Date returns printed -1.8% and +28.4%, respectively. The total volume of […]
Economists Note a Persistent Rise in FGN Fiscal Deficit in April 2024
August 26, 2024/FBNQuest Research The most recent data from the Central Bank of Nigeria (CBN) shows that the Federal Government of Nigeria’s (FGN) fiscal operations resulted in a fiscal deficit of -N824.8bn in April 2024. The deficit in April is slightly higher than the -N823.9bn recorded in March 2024 but […]
