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Morning Flash - Nigerian Breweries to cut FX losses with N599bn rights issue
(Source: Securities Africa Nigeria Research, Date: 19-Sep-2024)

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Market Summary -19/09/2024

 

·         Nigeria

+0.56% USD4.57.m; N4.6bn

 

Sectorial Performance

 

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NIGERIA NEWS

 

Market News:

·         NGX Rises by N316bn over Renewed Interest in GEREGU, FBNH - MarketForce

·         FBN Holdings Keeps Uptrend Ahead of "˜Offer' Pricing - MarketForce

·         NPF Microfinance Bank to Pay Dividend to Shareholders - MarketForce

·         Nigerian Breweries to cut FX losses with N599bn rights issue - Punch

·         Bulls Tighten Control of Customs Street With 0.56% Progression - BusinessPost

·         Profit Taking in Aradel, Two Others Weaken Alternative Stock Market by 4.05% - BusinessPost

·         Naira Gains 7.1% on Dollar at NAFEM as Cryptos Rise on US Rate Cut - BusinessPost

Economy News:

·         World Bank to grant Nigeria $1.7bn loan "" Report - Punch

·         CSCS summit to promote AI adoption for cybersecurity - Punch

·         Pension assets rose to N20.79tn in July "" PenCom - Punch

·         Agric exports lead silent shift in Nigeria's economy - BusinessDay

·         Petrol price hikes put MPC in rate cut dilemma - BusinessDay

·         Exchange rate, inflation slow real estate growth - BusinessDay

 

 

 

 

 

 

 

Kind regards,

 

Securities Africa Financial Limited | 5th Floor Skye Bank Building | 30 Marina | Lagos | Nigeria

Main:+234 (909) 440 4638  |

Email: researchng@securitiesafrica.com | Web: www.securitiesafricang.com

 

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