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Morning Flash - CBN begins weekly sale of $15.7m to 785 BDCs
(Source: Securities Africa Nigeria Research, Date: 28-Feb-2024)

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Market Summary -28/02/2024

 

·         Nigeria

-1.39% USD3.87m; N3.9bn

 

Sectorial Performance

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NIGERIA NEWS

 

Market News:

·         Nigerian Stock Exchange sees N773 billion dip in Equities  "" N-metrics

·         CBN raises MPR to 22.75% up 400 basis points  - N-metrics

·         CBN begins weekly sale of $15.7m to 785 BDCs  - Vanguard

·         Shell deploys first unmanned vessel for pipeline route survey in Nigeria   "" Vanguard

·         Dangote, PH refineries face crude shortage over low production "" FG  "" Punch

 

Economy News:

·         FG completes $700m gas pipeline in March after eight years "" Punch

·         NNPCL plans to end fuel shortage in 10 years  "" Punch

·         Loan app business booms in Nigeria as approved digital lenders hit 263  "" N-metrics·         CBN Governor, Cardoso, says I'm not responsible for Nigeria's economic crisis -N-metrics

 

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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