September 6, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Banks’ deposits with CBN hit N3.42tn The deposits of banks with the Central Bank of Nigeria (CBN) hit a weekly high of N3.42tn at the end of last week, the highest in August. The deposits for the previous three weeks […]
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Intraday Update: Nigerian Stocks Gain +0.19%, Buoyed by Blue Chips
September 6, 2024/InvestmentOne Update ASI as at 12.00pm: +0.19% Top Gainers and Losers: OANDO (+10.00%), LIVESTOCK (+9.71%), DAARCOMM (-9.86%) and DEAPCAP (-9.62%). Sector Performances: Consumer Goods (+0.33%), Oil & Gas (+0.05%), Banking (+0.03%) and Industrial (-0.19%). Market activity: In today’s trade, total volume, and value advanced by 5% and 68%, […]
NCC Data Shows Significant Broadband Gap
September 5, 2024/FBNQuest Research Nigerian Communications Commission data shows broadband trends over the past two years, with broadband penetration peaking at 48.5% in Feb ’23, dropping to 40.8% in September 2023, and rising subsequently. Despite a 2.5% y/y increase in subscriptions to 94.2 million in March 2024, penetration fell by […]
