The stock market of the Nigerian Exchange Limited (NGX) dropped by N2488 billion in its Week-on-Week (WoW) performance as investors uncertainty loom over the outcome of Central Bank of Nigeria (CBN) this week's Monetary Policy Committee (MPC) meeting.   
The CBN's MPC meeting is scheduled for Monday and Tuesday this week and the members in first meeting in 2024 voted to raise the Monetary Policy Rate (MPR) by 400 basis points to 22.75 from 18.75 per cent, raise the Cash Reserve Ratio from 32.5 per cent to 45.0 per cent and retain the Liquidity Ratio at 30 per cent. ................................................................ ........................... .. . .,.. ............ ........ ..................... ... .. ...... ..  .... . ........... .......... ............. . ..... . ... ........................Read-More

Global equity market capitalisation increased by 13 per cent or over $13tn in 2023, according to a report from the World Federation of Exchanges.
The report, the 2023 Market Highlights, was recently released by the global exchange body.
It indicated that despite the growth of global market capitalisation, trading value and volumes declined 10.6 per cent and 3.4 per cent, respectively, in 2023, with all regions recording their lowest annual trading value in the last three years................................................................... ........................... .. . .,.. ............ ........ ..................... ... .. ...... ..  .... . ........... .......... ............. . ..... . ... ........................Read-More

Access Bank Plc unveiled an offline banking platform, 901.ng on Friday, to provide customers with an additional channel to carry out their transactions and boost financial inclusion in the country.
Financial inclusion in Nigeria has increased to 74 per cent in 2023, up from 68 per cent in 2020.
The Central Bank of Nigeria has set a target of hitting 95 per cent in 2024. . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 per cent to N13. 73 billion for the financial year ended December 31, 2023.
A review of the company's 2023 annual results and accounts indicated that profit after tax rose by N8.26 billion over N5.47 billion recorded in 2022.
The company earned a revenue of N80.83 billion, which represents 38 percent or N22.04 billion over N58.79 billion....... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

The innovative and proactive efforts of the board and management of Fidelity Bank Plc in recent years may have transformed it into the fastest growing bank in Nigeria's banking industry today, especially when seen through the prism of profitability and robust balance sheet.
Consequently, Fidelity Bank has become a leading Tier-2 player, just as it is fast making an inroad into Tier-1, while building capacity outside the country, with the acquisition of Union Bank Plc UK........ .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More