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Nigeria financial market – Oil market balance raises hope for exchange rate stability

The external reserve balance sustained a downtrend last week, declining 35bps w/w to settle at $36. 0 billion. Furthermore, following the agreement by OPEC+...

JUST IN – Bargain hunting drives stock market performance last week as ASI up 0.6% w/w

The local bourse closed in the positive region this week, as buying interests in DANGCEM (+6.5%), FIDSON (+18.1%) and JBERGER (+10.0%) buoyed overall performance....

Nigerian to set up Diaspora Investment Trust Fund, mortgage housing project

The Federal Government says it is working at inaugurating the Nigeria Diaspora investment fund and mortgage housing project for Nigerians living abroad.  The Chairperson...

Oil production cut: OPEC+ tasks JTC on monitoring implementation

The Organisation of Petroleum Exporting Countries (OPEC) and its allies called OPEC+ has requested the Joint Technical Committee (JTC) to closely monitor the implementation...

Sub Saharan Africa mergers & acquisition totalled $10.3bn in the first half of 2020—Refinitiv

Refinitiv has said in a report that investment banking fees in Sub-Saharan Africa reached an estimated $64.5 million during the second quarter of 2020,...

Jaiz Bank to pay maiden dividend of N884m to shareholders

Shareholders of Jaiz Bank Plc are  to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank...

Netflix adds another 10 million subscribers

Netflix is still growing as people continue to shelter in place around the country, but the company is now seeing the slowed subscriber growth...

South Africa’s rand edges firmer in cautious early trade

South Africa’s rand edged firmer in tentative early trade on Wednesday, as investors weighed a surge in coronavirus infections in key global centres and...
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