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Morning Flash - CBN sells over $300m to banks as naira gains
(Source: Securities Africa Nigeria Research, Date: 27-Feb-2024)

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Market Summary -27/02/2024

 

·         Nigeria

-0.09.% USD4.04m; N4.0bn

 

Sectorial Performance

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NIGERIA NEWS

 

Market News:

·         Nestle, Eterna drag equity market to N51bn loss "" Punch

·         FBNH is now most capitalized banking stock in Nigeria, topples GTCO - Nmetrics

·         Marketers await Dangote fuel, four weeks after production take-off - Punch

·         Foreign investments inflow to capital market drops to N16bn "" Report   "" Punch

·         FBN Holdings emerges most capitalised bank  "" Punch

·         Wemabod completes N50bn bond signing "" Punch

Economy News:

·         CBN sells over $300m to banks as naira gains "" Punch

·         FEC approves establishment of consumer credit scheme, social security payment for NCE graduates upwards "" Nmetrics

·         Gas station shortage slows CNG adoption "" Punch

·         Ban dollar cash transactions to save naira, operator tells Tinubu - Punch

 

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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