November 2, 2021/Proshare FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) distributed to the three tiers of government totalled NGN740bn (c.USD1.78bn) in October (from September revenue). The sum is an increase of NGN43bn on the previous month’s payout. The federal government (FG) received a gross […]
Updates
MIDDAY UPDATE: Nigerian Stocks Head Northward +0.25% on Gains Across Sectors
November 2, 2021/InvestmentOne Update ASI as at 12.00pm: +0.25% Market movers: CHAMS (+8.70%),LASACO (+8.33%), SOVRENINS (-8.33%), and UNITYBNK (-6.90%). Sector Performances: Industrial (+1.21%), Oil and Gas (+1.18%), Consumer Goods (+0.07%), and Banking (-0.88%). Market activity: In today’s trade, total volume decreased by 19% while total value increased by 12% , compared to this time yesterday, as investors have traded about 121million units of shares worth N978million. UBA […]
Yuguda Assures Lagos Free Zone of Regulatory Support
November 1, 2021/SEC Nigeria The Director General of the Securities and Exchange Commission Mr. Lamido Yuguda has commended the efforts of the Management of the Lagos Free Zone in making investment opportunities available to Nigerians assuring the organisation of required regulatory support. Yuguda gave the commendation during a joint visit […]
