August 30, 2024/InvestmentOne Update ASI as at 12.00pm: +0.10% Top Gainers and Losers: DEAPCAP (+10.00%), MCNICHOLS (+9.93%), ETERNA (-8.81%) and CAVERTON (-6.99%). Sector Performances: Oil & Gas (+2.52%), Banking (+0.43%), Industrial (+0.01%) and Consumer Goods (-0.47%). Market activity: In today’s trade, total volume declined by 47%, while total value surged […]
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SEC Nigeria Grants Provisional License to Busha as Virtual Asset Service Providers
By aligning with global regulatory expectations, this development is poised to benefit the Nigerian economy, bringing much-needed legitimacy and oversight to the sector August 30, 2024/Busha Busha leads the way as Nigeria’s pioneering SEC-licensed virtual asset service provider under the SEC’s Accelerated Regulatory Incubation Program. They have been granted one […]
Currency Outside Banking System Down Slightly in July
August 30, 2024/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of July 2024 revealed that currency in circulation (CIC) grew by 56.2%y/y in July 2024 to reach a new all-time high of N4.05trn from N2.59trn (July 2023). Month-on-month, there was a marginal increase of 0.12% […]
