October 27, 2022/United Capital Research The recently released Public Presentation of the 2023 Budget proposal revealed that Nigeria generated a total of N3.7tn revenue between Jan–Aug 2022 compared to the pro-rated sum of N5.5tn expected for the period. This implies that Nigeria was only able to generate 66.7% of the […]
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SEC Unveils New Rules on Registration Requirements for Collateral Management Companies, Warehouse Operators, Others
October 27, 2022/SEC Nigeria The Securities and Exchange Commission (SEC) has issued an exposure draft of the new rules proposed to the Rules and Regulations of the commission. Summary of New Rules Registration Requirement for Collateral Management Companies Registration Requirement for Warehouse Operators Registration Requirement for Warehouses Application Form for […]
Nigerian Stocks Halt 5-Day Bullish Streak, Dips -0.5% Weighed Down by AIRTELAFRI
October 27, 2022/Cordros Report EQUITIES The Nigerian equities market halted its three-day bullish streak as profit-taking activities in AIRTELAFRI (-2.8%) weighed on overall performance. Accordingly, the All-Share Index declined by 0.5% to 44,625.18 points. Consequently, the Month-to-Date loss increased to -9.0%, while the Year-to-Date gain moderated to +4.5%. […]
