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Market Updates

Market Updates

N160bn offer: FCMB highlights 400% share surge

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N160bn offer: FCMB highlights 400% share surge As it seeks to raise an additional N160bn through an offer for subscription, FCMB Group has highlighted the 400 per cent returns on its share price in five years. According to a statement on Sunday, FCMB Group said its shares have appreciated by...
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Investors lose N2.83tn on NGX amid Trump threat

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Bearish sentiment was sustained on the Nigerian Exchange Limited over the past week, leading to the market closing in the red, with investors losing N2.84tn, a 2.90 per cent decline in market capitalisation. The All-Share Index also declined by 2.99 per cent week-on-week to close at 149,524.81 points. Consequently, the...
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Stock market closes weaker amid sell pressure, as profit-taking persists

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Stock market closes weaker amid sell pressure, as profit-taking persists The Nigerian Exchange (NGX) ended trading, last week, on a weaker note extending the bearish trend as investors continued profit-taking and cautious repositioning across major sectors. The negative performance, according to analysts, reflected renewed sell pressures across the banking, consumer goods,...
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SEC, CBN, EFCC partner to track, freeze illicit digital wallets

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SEC, CBN, EFCC partner to track, freeze illicit digital wallets   In a major step to strengthen oversight over Nigeria’s fast-growing digital finance ecosystem, the Securities and Exchange Commission (SEC) has disclosed that it is collaborating with the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to...
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