Author: InvestAdvocate

Currency in Circulation Rose Despite Hawkish Monetary Policy Measures

August 2, 2024/FBNQuest Research According to data from the Central Bank of Nigeria (CBN), the total currency in circulation (CIC) increased to an all-time high of N4.1trn, marking a 56% year-on-year (YoY) increase compared with N2.6trn in July 2023. The CBN’s data also reveals that 94% (N3.8trn) of the currency […]

SEC Proposes Joint Data Standards Under the Financial Data Transparency Act of 2022

August 2, 2024/US SEC Securities and Exchange Commission today proposed joint data standards under the Financial Data Transparency Act of 2022 that would establish technical standards for data submitted to certain financial regulatory agencies. Eight additional agencies have proposed or are expected to propose the joint standards: the Board of […]

ZENITHBANK, GTCO, OANDO Drives NGXASI to +0.40% Gain

August 2, 2024/InvestmentOne Report The NGXASI advanced by 0.40% today to close at 97,745.73pts, as the gains in OANDO (+10.00%), ZENITHBANK (+2.86%) and GTCO (+2.27%) drove the domestic bourse into the positive region. In the fixed income space, the Treasury Bills secondary market closed bearish today, driven by the selloffs observed in […]