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. […]
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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, […]
