February 7, 2025/United Capital Research Anglophone West Africa (WAEMU) Nigeria Tinubu raises 2025 budget from N49.7 trillion to N54.2 trillion amid additional revenue gains President Bola Tinubu has revised the proposed 2025 budget upwards, increasing it from N49.70tn to N54.20tn. This adjustment comes on the back of additional revenue inflows […]
Updates
Intraday Update: Nigerian Stocks Inch Up +0.29%, Driven by Bellwether Counters
February 7, 2025/InvestmentOne Update ASI as at 12.00pm: +0.29% Top Gainers and Losers: UPDC (+9.75%), FIDSON (+9.42%), FTNCOCOA (-4.79%) and TANTALIZER (-3.85%). Sector Performances: Banking (+0.76%) Industrial (+0.32%), Oil & Gas (+0.02%) and Consumer Goods. Market activity: In today’s trade, total volume advanced by 3% while total value declined by […]
CBN Issues Guidelines for FX Sales to BDCs to Meet Retail Market Demand
February 6, 2025/CBN The Central Bank of Nigeria (CBN) has issued new guidelines for the sale of foreign exchange to Bureau De Change (BDC) operators, following the circular TED/FEM/FPC/001/030 dated December 19, 2024, which granted temporary access for BDCs to purchase FX from authorised dealers. Key provisions of the guidelines […]
