25

Jul

Cheap Stocks at Year Low for Strategic Positioning

The stock market last week closed on a bearish note, occasioned by profit taking in 36 equities, thereby creating new entry opportunities for discerning investors. Only 3 equities released their Q2 2022 results in the course of last week, which include: United Capital Plc, Africa Prudential Plc and Arbico Plc. We expect a lot of results to[…]

22

Jul

FG to spend N6.72tn on fuel subsidy in 2023

The Federal Government has projected to spend N6.72 trillion on petrol subsidy payments in 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, Speaking at the presentation of the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper (MTEF&FSP) in Abuja, said subsidy payment projection is based on two prevailing scenarios — business-as-usual or reform.[…]