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Arthur Stevens : DAILY NEWS FLOW 29th February, 2024
(Source: Arthur Stevens Asset Management , Date: 29-Feb-2024)

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DAILY FINANCIAL NEWS: 29th February, 2024

 

Good morning,

 

Dear valued clients,

 

These are the major headlines for the day.
image.pngSell-offs continue as equity market investors lose N720bnMidweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors.Click  here to read more.   
 NUPRC Chief Executive, Engr. Gbenga Komolafe1,068 oil projects to attract $22.8bn investments "" FGAbout 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. Click here to read more.    
petrol Subsidy removal: Petrol import crashes by 990million litres monthlyThe Minister of Information and National Orientation, Mohammed Idris, on Wednesday, said the importation of Premium Motor Spirit, popularly called petrol, into Nigeria has reduced by 50 per cent since the withdrawal of subsidy on the commodity. Click here to read more.    
 Naira and DollarNaira rises to 1,609/$ at official marketThe naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day. Click here to read more.   

  Company News 
 binance 2FG detains two Binance executives ""ReportThe Federal Government has allegedly detained at least two senior executives of Binance, a crypto currency exchange company.Click here to read more.    
 NestleNestle posts N104bn loss over naira depreciationConsumer goods company, Nestlé Nigeria Plc, has recorded a N104.03bn loss before tax in 2023 on the depreciation of the naira. Click here to read more.   
 Cameroon-bound oil laden vesselShell deploys unmanned vessel for pipeline route surveyThe Shell Petroleum Development Company of Nigeria Limited has deployed an Uncrewed Surface Vessel for a pipeline route survey in the Niger Delta. Click here to read more.   

  International News 
 The emerging ETF trends as industry gathers for big conferenceEuropean markets head for higher open ahead of key inflation reports from the U.S. and EuropeEuropean markets are heading for a higher open Thursday as investors look ahead to key inflation reports in both the U.S. and Europe.Click here to read more.
An investor watching share prices at the securities trading floor of Asia Commercial Bank in Hanoi, Vietnam.Asia markets mixed as investors await key U.S., China economic dataTAsia-Pacific stocks traded mixed Thursday as investors awaited U.S. inflation data for clues on the Federal Reserve's interest rate path.Click here to read more.
  

Thu 2/29/2024 8:57 AM

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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