April 25, 2024/FBNQuest Research The total value of transactions recorded under the NIBSS Instant Payments (NIP) platform increased by +5% m/m to N83.0trn, according to the most recent update from the Nigeria Inter-Bank Settlement System (NIBSS). On a y/y basis, the value of transactions processed through the NIP platform increased […]
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BUACEMENT FY’23: FX Losses Drag PAT
April 25, 2024/CSL Research BUA Cement’s +27.4% y/y Revenue growth in 2023 was primarily driven by upward increases in both price and sales volumes. BUA Cement reported price increases in 2023 with average cement price rising by 18.7% to N68,293/ton from N57,511/ton, in 2022, while sales volumes closed 2023 at […]
SEC Approves 5 Infrastructure Fund Shelf Programmes Totalling N1.5Trillion
April 25, 2024/SEC Nigeria As part of efforts to reposition the capital market as a catalyst for economic development, the Securities and Exchange Commission announced that it had approved five (5) infrastructure fund shelf programmes totalling N1.5trn. This is to support the federal government’s infrastructure development goals directly. The approval, […]
