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1 Views Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in U.S. crude inventories. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, […]

7 Views The Nigerian equity market on Tuesday extends negative sentiment to three consecutive trading sessions, as the market performance indicators (NSE-ASI and Market Capitalisation) declined by 1.06%. This was impacted by the decline in Dangcem, MTNN and 13 others. Consequently, the market breadth closed marginally negative, recording 14 gainers as against 15 losers.   […]

55 Views COMPANY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE AVG PRICE TRADES  VOLUME  VALUE ABBEYBDS 1.05 1.05 – – 1.05 0 1.05 2 300 315 ABCTRANS 0.35 0.35 – – 0.35 0 0.35 3 4564 1618.68 ACCESS 6.4 6.4 6.5 6.35 6.35 -0.05 -0.78 6.37 128 3888894 24770926.75 AFRINSURE 0.2 0.2 – – 0.2 […]Read More

4 Views The Chief Executive Officers of manufacturing concerns in Nigeria have called on the government to consider five percent interest rate on loans for five to seven years for manufacturers investing to scale up production. They also called for review of existing loans with reduction in interest rate to five percent and two years […]

2 Views Amidst the COVID-19 headwinds, the Federation Accounts Allocation Committee (FAAC) disbursed a total of N1.95 trillion to the Federal, States, Local Government Councils  and other statutory agencies in the first quarter of 2020. This figure was contained in the latest edition of the Quarterly Review by Nigeria Extractive Industries Transparency Initiative (NEITI) released […]

3 Views Nova Merchant Bank has said that domestic borrowing, overdrafts from the Central Bank of Nigeria (CBN) and drawdown from existing deposits held in accounts of extra-budgetary funds are the only options available for the federal government to finance the gap in the 2020 budget. The bank stated this in its Monthly Economic Insight […]

4 Views The dollar rose to a two-week high against major peers on Tuesday, propelled by rising U.S. bond yields and increasing safe-haven demand amid growing fears about a second wave of coronavirus infections, which sent riskier currencies lower. The biggest loser was the Australian dollar, which dropped about 0.8% to a one-week low, while […]

2 Views Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand. Brent crude LCOc1 futures climbed to a high of $30.11 a barrel and were up […]

4 Views Asian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. The central Chinese city of Wuhan reported five new confirmed cases on Monday, […]

10 Views Transaction activities in the Nigeria equity market sustained last Fridayz negative sentiment by shedding 0.39%, following sell down on some large capitalised stocks. However, the market breadth closed positively, recording 14 gainers as against 12 losers.   NSE Trading Floor In summary, the All-Share Index (ASI) sheds 94.57 absolute points, representing a decline […]

10 Views SECURITY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE AVG PRICE TRADES  VOLUME  VALUE SDCSCSPLC 13.55 13.55 14.3 14.3 13.55 0 0 14.3 1 2000 28600 SDFCWAMCO 120 120 108 108 120 0 0 108 5 7700 831600 SDNDEP 295 295 270 270 270 -25 -8.47 270 2 7550 2038500 TOTAL TRANSACTION (3) 8 […]Read More

104 Views COMPANY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE AVG PRICE TRADES  VOLUME  VALUE ABBEYBDS 1.05 1.05 – – 1.05 0 1.05 2 400 420 ACCESS 6.4 6.4 6.45 6.4 6.4 0 0 6.41 173 5202761 33341569.8 AFRINSURE 0.2 0.2 – – 0.2 0 0.20 1 4000 800 AFRIPRUD 3.9 3.9 3.9 3.86 3.9 […]Read More