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Nov
November 21, 2022
| Weekly Stock Update: Nigerian Exchange Group grows 1.22% w-o-w- Nairametrics |
| The Nigerian equities market closed bullish during the week as the All-Share Index grew by 1.22% as of the end of trading on November 18, 2022. This is following the 0.68% growth recorded in the previous week. This is according to the information contained in the weekly stock market report, released by the Nigerian Exchange Group..………Read More |
| IMF tells CBN to end intervention funds to the private sector – Nairametrics |
| The International Monetary Fund “IMF” has recommended that the central bank of Nigeria stop its intervention policies in the economy amidst the rising inflation rate. The IMF made these recommendations in its concluding Statement of the 2022 Article IV Mission published on November 18, 2022………….Read More |
| SWOOTs capitalization up by N122 billion – Nairametrics |
| The combined market capitalization of stocks worth over one trillion appreciated by 0.71%. The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 0.71% to close at N17.24 trillion, from N17.15 trillion the previous week. This shows a gain of N121.57 billion during the week under review. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, BUAFOODS, and MTNN………...Read More |
| NFIU flags N150tn transactions, EFCC tracks candidates’ spending – Thisday |
| The Nigeria Financial Intelligence Unit has flagged suspicious transactions valued at over N150tn between January and March 2022, according to its Suspicious Transaction Report/Suspicious Activity Report released on Sunday. The development came as the Economic and Financial Crimes Commission and NFIU officials said they had intensified their surveillance on campaign spending by political parties and their candidates ahead of the 2023 polls………….Read More |
| Interest Rate on T-Bills Hit 32-month High as CBN Mops N5.33trn in Primary Market – Thisday |
| In order to attract more investors, especially at a period of inflationary pressures in the country, the Central Bank of Nigeria (CBN) increased interest rate on the Treasury Bills (T-Bills) to 6.49 per cent in October 2022, reaching its highest figures in 32 months. When MPR was at 14 per cent in 2019, the interest rate on T-Bill was hovering above 10 per cent, according to the CBN money market indicators. The CBN in 2022 increased MPR from 11.5 per cent to 13 per cent in May 2022 and eventually moved it to 15.5 per cent in a bid to tackle raising inflation that reached 21.09 per cent in October 2022…………Read More |
| Operators: Transactions on PoS Will Surpass N6.4trn in 2022 – Punch |
| Ahead of the release of the statistics on the volume and value of financial transactions carried out on Point of sales (PoS) terminals in 2022, by the Nigeria Inter-Bank Settlement System (NIBBS), the Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has said the value of transactions for 2022 will surpass the N6.4 trillion transactions that was recorded in 2021 on PoS terminals alone. ………..Read More |