August 24, 2021/NGX Nigerian Exchange Group (NGX Group or the Group) Plc today celebrates 60 years of enabling Africa’s largest economy as a leading integrated market infrastructure group in Africa. The Group officially commenced operations on 25 August 1961, as the Lagos Stock Exchange, after it was founded on 15 […]
Updates
Another Increase in the FAAC Monthly Payout in August 2021
August 24, 2021/Proshare by FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to NGN761bn (USD1.85bn) in August (from July revenue). This was an increase of NGN28bn on the previous payout, and the second consecutive […]
United Capital Research Investment Views This Week 23rd August 2021 to 27th August 2021
August 23, 2021/United Capital Research Please click here to download the full report Macro Overview The National Bureau of Statistics (NBS) released the inflation figures for Jul-2021. Notably, the headline rate rose by 17.38% y/y, 37bps lower than the rate recorded for the month of June (17.75%). On a m/m basis, the […]
