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Nigeria Posts Lower Month-on-Month Net Trade Surplus Caused by Higher Imports

June 28, 2024/FBNQuest Research The most recent monthly economic report published by the Central Bank of Nigeria (CBN) shows that the total value of Nigeria’s merchandise trade increased by 4% M-o-M to US$8.1bn in Jan 2024. Although exports rose by 3% M-o-M to about N5.0bn, the higher value M-o-M was […]

Cameroon’s Ulrich Chomche Becomes First NBA Academy Africa Prospect Drafted to the NBA

Chomche is the seventh player from Cameroon to be drafted, following former NBA player and BAL Head of League Operations June 28, 2024/Basketball Africa League Cameroon’s Ulrich Chomche from NBA Academy Africa, an elite basketball training center in Saly, Senegal for top prospects from across the continent, was selected 57th […]

Intraday Update: Nigerian Stocks Inch Up +0.16%, Buoyed by Blue Chips

June 28, 2024/InvestmentOne Update ASI as at 12.00pm: +0.16%  Top Gainers and Losers:  UCAP (+9.96%), LASACO (+9.91%), CAVERTON (-7.80%) and REGALINS (-6.98%).  Sector Performances: Banking (+0.20%), Consumer Goods (-0.83%), Industrial and Oil & Gas.  Market activity: In today’s trade, total volume and value increased by 64% and 98% respectively, when compared to […]