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AugNigeria’s inflation rate rises to 19.64%
Report published by the National Bureau of Statistics revealed that Nigeria’s inflation rate in July 2022 increased to 19.64% from 18.60% recorded in the month of June. This was 2.27% points higher compared to the rate recorded in July 2021, which was (17.38 %). This shows that the headline inflation […]
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AugMarket declines further as NGXASI closes 0.07% lower
Activities on the floor of Nigerian Stock Exchange on Monday declined further as the All-Share Index closed 0.07% lower to settle at 49,629.43 compared with 49,664.07 recorded last Friday. The market capitalisation dropped by N18 billion or 0.02% to close at N26.769 trillion from N26.787 trillion recorded in the previous[…]
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AugCheap stocks for strategic positioning: Why you should pitch your tent with fundamentally sound stocks
The stock market last week closed on a bearish note, occasioned by profit taking in MTN, Dangote Cement, BUA Cement and 30 other stocks, thereby creating new entry opportunities for discerning investors. Most of the Q2 2022 results released performed beyond market expectation as year on year growth is recorded[…]
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AugMandatory Takeover Offer of Honeywell shares pegged at N4.20
Honeywell Flour Mills has updated the investing public about the Mandatory Takeover offer by Flour Mills of Nigeria through Ecowise Investment Limited and Greywise Investment Solutions Limited. Shareholders of Honeywell has been advised that the MTO is priced at N4.20 per share, being the price at which the Block Trade[…]
