February 16, 2017/InvestmentOne Research The Nigerian bourse reversed the positive momentum of yesterday’s session to post a -0.30% decline, as negative sentiments towards some stocks in the FMCG and Banking space weighed on the broad index. Consequently, the benchmark index weakened by -74.97pts to berth at 25,055.29pts, corresponding to a […]
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FG Moves N5.2trn Into TSA, Closes 20,000 Bank Accounts Of MDAs
14/2/2017/The Will By Ugochukwu Ugwuanyi The Federal Government says over 20,000 accounts kept with deposit money banks by Ministries, Departments and Agencies, MDAs, have been closed since the commencement of the Treasury Single Account, TSA, with a total of N5.24trn moved into the Account. The Accountant-General of the Federation, Mr. Ali Ahmed […]
Nigerian Equities Market Reverses One-Day Gain, as ASI Sheds 0.54%
February 9, 2017/Cordros Research The Nigerian equities market reversed yesterday’s gain, with the All Share Index shedding 0.54% to close at 25,322.30 points. Today’s bearish proceedings increased the Month-to-Date and Year-to-Date losses to 2.74% and 5.78% respectively. The Consumer Goods (-1.62%) and Industrial Goods (-0.01%) indices declined, owing to respective […]
