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Naira Further Depreciates against the USD at the BDC, Parallel Markets Market reacts to monetary policy action

Post-MPC analysis: Likely implication of new CBN policy variables tweak

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Last week, we projected in our Pre-MPC analysis report that the CBN Monetary Policy Committee (MPC) will leave all its monetary policy variables unchanged...
AfCFTA: Nigeria is More Ready than most African Economies – Yewande Sadiku

AfCFTA: Nigeria is More Ready than most African Economies – Yewande Sadiku

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Yewande Sadiku, CEO of Nigerian Investment Promotion Commission (NIPC) said that Nigeria is more ready for the African Continental Free Trade Area (AfCFTA) due...
Bear paints global stocks market red amid slow global recovery prospect

Bear paints global stocks market red amid slow global recovery prospect

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Major stock markets across the world this week witnessed significant profit-taking, as investors thronged towards safe-haven assets. This came as the fair of a possible...
September PMI shows global recovery remains fragile

September PMI shows global recovery remains fragile

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The average performance of manufacturing activities in leading economies across the globe in September 2020 shows that global recovery from the disruptive impact of...
Bull run continues as Nigeria bourse ends trading week in the green

Bull run continues as Nigeria bourse ends trading week in the green

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Transactions on the Nigerian equity market today (Friday) ended the trading week on a positive note as the All-Share-Index appreciated by 1.28%, to extend the...
Engee PET to Expand Operations with $75m CP Project

Engee PET to Expand Operations with $75m CP Project

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Engee PET Manufacturing Company Nigeria Limited is planning to commence work on the construction of its Continuous Polymerisation (CP) PET resin plant in Ogun...
DMO Steadies Rates For NTBs at PMA Today As Demand For Fixed Income Papers Continues Unabated

Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50%

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In the just concluded week, the local equities market closed positively amid sustained bargain hunting activity even as investors reacted positively to the cut...
Naira Further Depreciates against the USD at the BDC, Parallel Markets Market reacts to monetary policy action

Naira Weakened against the USD at the BDC, Parallel Markets

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In the just concluded week, Naira depreciated further against the USD at the Bureau De Change and the parallel (“black”) market by 0.66% and...
Foreign Portfolio Inflows Rise by 28.91% in August 2020; MPC Cuts MPR to 11.50%

Foreign Portfolio Inflows Rise by 28.91% in August 2020; MPC Cuts MPR to 11.50%

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The Nigerian Stock Exchange (NSE) report on domestic and foreign portfolio participation in equities trading showed that total equities market transactions decreased in August...
HealthPlus Appoints Chidi Okoro as Interim CEO

HealthPlus Appoints Chidi Okoro as Interim CEO

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The Board of HealthPlus issued an instruction terminating the appointment of the CEO Mrs. Bukky George and asked Mr. Chidi Okoro to provide interim...
Julius Berger announces diversification into agro-processing

Julius Berger announces diversification into agro-processing

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Julius Berger Nigeria Plc announced that the company’s Board of Directors at its meeting held on September 22, 2020, approved a diversification opportunity into agro-processing. Julius...
Will a Zambian default risk worsen credit risk premium for SSA issuers

Will a Zambian default risk worsen credit risk premium for SSA issuers?

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A few days ago, the republic of Zambia became the first country in Africa to default on a debt in the wake of COVID-19....