August 2, 2024/InvestmentOne Update ASI as at 12.00pm: +0.27% Top Gainers and Losers: OANDO (+10.00%), OKOMUOIL (+10.00%), MECURE (-9.82%) and TANTALIZER (-6.52%). Sector Performances: Banking (+0.76%), Consumer Goods (+0.05%), Oil & Gas (-0.01%) and Industrial. Market activity: In today’s trade, total volume and value declined by 80% and 69% respectively, when compared to this time yesterday, as […]
Updates
Currency in Circulation Up 56%Y/Y to N4.05Trn
August 2, 2024/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2024 revealed that currency in circulation (CIC) grew by 56% in June 2024 to reach an all-time high of N4.05trn from N2.6trn (June 2023). Month-on-month, there was a marginal increase of 2.1% from […]
AfDB Approves $500 Million Loan to Boost Electricity Access in Nigeria
New program to support development of 250GW of installed electricity capacity by 2050 August 1, 2024/AfDB The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic Governance and Energy […]
