Notably, significant selling pressure was evident across tier-1 banking stocks, with FBNH (-14.2%), GTCO (-8.6%), ACCESSCORP (-7.8%), and ZENITHBANK (-4.5%) recording declines. Consequently, the All-Share index declined by 1.1% w/w. April 5, 2024/Cordros Report Global Economy According to the recently released data from Eurostat, headline inflation in the Euro area […]
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FBNH, GTCO, MTNN Sustain Bearish Trend, Drags NGXASI to 0.29% Loss
April 5, 2024/InvestmentOne Report The NGXASI declined by 0.29% today to close at 103,437.67pts, as the selloffs observed in FBNH (-4.69%), MTNN (-0.87%) and GTCO (-2.04%) drove the market into the red zone. In the fixed income space, the Treasury Bills secondary market continued its downward trend today, as we observed selling […]
United Capital Weekly Pan African Monitor Friday 05-Apr-2024
April 5, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Tinubu approves FCT’s N1.1trn 2024 statutory budget The president has approved over N1.1trn statutory budget for the 2024 fiscal year for the FCT. The budget will impact on infrastructure development, healthcare facilities, as well as rehabilitation of schools in the FCT, […]
