03

Apr

Nigerian Bourse dips further, returns -1.20% WtD

The Nigerian stock market last week dipped further as Dangote Cement, Airtel Africa, SEPLAT and other 27 stocks shed weight.The All Share Index and Market capitalization declined by 1.20% to settle at 54,232.34 and N29.544 trillion from 54,892.53 and N29.903 respectively. An aggregate of slightly over 2 billion units of shares were traded in 17,917 deals, valued […]

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03

Apr

First Bank announces name change of its subsidiaries

First Bank of Nigeria Limited has announced that it has commenced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa. The name change was being implemented to align the subsidiaries with the parent brand and to enjoy the strong heritage and brand equity built by FirstBank Nigeria in its 129 years[…]

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03

Apr

Nigeria’s public debt profile rises to N46.25tn

Recent publication by the National Bureau of Statistics has revealed that Nigeria’s public debt stock which includes external and domestic debt stood at N46.25 trillion (US$103.11 billion) in Q4 2022 from N44.06 trillion (US$ 101.91 billion) in Q3 2022. This shows that public debt (in national currency) grew by 4.96% in Q4 2022. External debt stood at[…]

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