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Arthur Stevens : DAILY NEWS FLOW 27th February, 2024
(Source: Arthur Stevens Asset Management , Date: 27-Feb-2024)

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DAILY FINANCIAL NEWS: 27th February, 2024

 

Good morning,

 

Dear valued clients,

 

These are the major headlines for the day.

 Local News

 
CBN headquartersAnalysts foresee interest rate hike as MPC holds meetingThe Monetary Policy Committee of the Central Bank of Nigeria may raise the Monetary Policy Rate, otherwise known as the benchmark interest rate at the end of the meeting on Tuesday, according to financial analysts.Click here to read more.
   
CBN CBN sells over $300m to banks as naira gainsThe Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate.Click here to read more.
   
Dangote refinery Marketers await Dangote fuel, four weeks after production take-offOil marketers, on Monday, declared that they were still awaiting the supply of refined petroleum products from the $20bn Dangote Petroleum Refinery, four weeks after the launch of production at the multi-billion dollar plant.Click here to read more.
   
NGX Foreign investments inflow to capital market drops to N16bn "" ReportThe foreign investment in the Nigerian Exchange dipped by about 9.73 per cent in January to N15.78bn compared to N17.48bn in December 2023.Click here to read more.
 
 

  Company News

 
FBN Holdings FBN Holdings emerges most capitalised bankFBN Holdings has become the country's most capitalised bank valued at N1.22tn, topping Guaranty Trust Holding Company and Zenith Bank.Click here to read more.
   
Moruf Oseni, Wema Bank MD/CEO Wema Bank hosts forum on international tradeWema Bank has held its first physical Importer-Exporter Forum in Lagos to address issues impeding international trade in the country and proffer solutions tailored to facilitate seamless international trade operations.Click here to read more.
   
Mining site UBA pledges to attract investment into ECOWAS mining sectorUnited Bank for Africa Plc has pledged to work with the Economic Community of West African States on implementing initiatives that will attract investment and sustainable development into the sub-region's mining and oil sectors.Click here to read more.
 
 

  International News

 
European stocks head for lower open following global market pullback; UK shop price inflation falls European stocks head for lower open following global market pullback; UK shop price inflation fallsEuropean markets are heading for a negative open Tuesday, following their global counterparts lower.Click here to read more.
  
Chinese flags and Hong Kong flags are hung in Tsim Sha Tsui district on Oct. 4, 2023 in Hong Kong, China. The Chinese government imposed a National Security Law in the special administrative region on June 30, 2020.Asia-Pacific stocks trade mixed as Wall Street benchmarks slip from record highsAsia-Pacific markets traded mixed Tuesday, with Hong Kong stocks leading the declines and Japan's Nikkei 225 giving up gains from earlier in the session.Click here to read more.

 


Arthur Stevens Asset Management Ltd.
 

(Trading License Holder-NGX) 

  ... Succeeding Together 

   Address: 

  86 Raymond Njoku Street, 

 SW Ikoyi, Lagos, Nigeria. 

  

  Telephone: 

  +234 903-599-6606 

 


 

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