Other News

Private Sector Credit Extension Grows by 50% YoY to N62.5trn in December 2023

February 9, 2024/FBNQuest Research The most recent data from the Central Bank of Nigeria (CBN) shows that private sector credit extension (PSCE) increased by +50% y/y to NGN62.5trn in Dec ’23. This is the fastest growth rate for PSCE in 2023, surpassing the 45% y/y growth recorded in Sep ’23. […]

FG to Tap National Food Reserves

February 9, 2024/CSL Research Based on news report, the Minister of Information and National Orientation, Mohammed Idris, has announced that food items would be released from the storage facilities (the National Food Reserve) across the country as part of measures to reduce food prices. This was made known after the […]

Intraday Update: NGXASI Gains +0.56% Driven by Bellwether Counters

February 9, 2024/InvestmentOne Update ASI as at 12.00pm: +0.56% Top Gainers and Losers: GEREGU (+9.92%), MEYER (+9.86%), TRANSCOHOT (-10.00%) and ETERNA (-1.95%). Sector Performances: Banking (+2.12%), Consumer Goods (+0.62%), Oil & Gas (+0.09%) and Industrial (+0.05%). Market activity: In today’s trade, total volume and value advanced by 19% and 111% respectively, […]