Other News

SEC: New Rules and Sundry Amendments to the Rules and Regulations of the Commission

January 2, 2025/SEC Nigeria PREAMBLE New Rules 1. New Rule on Issuance of Commercial Papers Sundry Amendment 2. Amendment to Rule 8 (Exemptions) 3. Amendment to the Rule on Annual Supervision Fees for Collective Investment Schemes The details of the New Rules and Amendments are as follows: 1.      […]

CBN Says Federally Collected Revenue Fell 8% MoM in October 2024

January 2, 2025/FBNQuest Research Culled: Proshare The Central Bank Nigeria’s (CBN) recent monthly economic report, notes that the gross federally collected revenue for distribution to the three tiers of government fell by -8% month-on-month (MoM) to roughly N2.0trn in October 2024. Conversely, in terms of year-on-year (YoY) comparison, the figure […]

NGXASI Gains -0.25% to Open First Trading Session of Year 2025

January 2, 2025/InvestmentOne Report The NGXASI advanced by 0.25% today to close at 103,180.14pts as gains in UCAP (+9.80%), UNILEVER (+9.26%) and ZENITHBANK (+0.77%) drove the Nigerian bourse into the green zone. In the fixed income space, the Treasury Bills secondary market traded on a positive note, due to buy pressure seen across […]