June 20, 2024/InvestmentOne Update ASI as at 12.00pm: +0.01% Top Gainers and Losers: CHAMPION (+9.88%), VERITASKAP (+9.88%), INTENEGINS (-8.86%) and REGALINS (-8.51%). Sector Performances: Industrial (+0.02%), Consumer Goods (+0.01%), Banking (-0.21%) and Oil & Gas. Market activity: In today’s trade, total volume and value increased by 347% and 902% respectively, when compared to this time […]
Updates
FAAC Revenue Disbursement Fell 5% in May 2024
June 20, 2024/FBNQuest Research The recent communique released by the Federation Account Allocation Committee (FAAC) shows that the federation’s revenue disbursements to the three tiers of government amounted to about N1.1trn (USD728m) in June 2024 (from May 2024 revenue). May’s gross distribution represents a marginal decrease of -5% M-o-M or […]
Coronation Fixed Income and Exchange Rate Update
June 19, 2024/Coronation Research Summary Opening market liquidity was reported at N132.6bn on Friday (14, June ‘24). Call, overnight, and repo rates closed within the range of 6% – 26%, as rates in the money market moderated. Last week, the average NTB yield declined by -10bps to close at 21.9% […]
