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Morning Flash - Naira rises to 1,609/$ at official market
(Source: Securities Africa Nigeria Research, Date: 29-Feb-2024)

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Market Summary -29/02/2024

 

·         Nigeria

-1.27% USD3.61m; N3.6bn

 

Sectorial Performance

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NIGERIA NEWS

 

Market News:

·         Binance disables the naira feature on its P2P market  "" N-metrics

·         Investors lose N1.5trn in stocks over new monetary policy  - Vanguard

·         Sell-offs continue as equity market investors lose N720bn   "" Punch

·         Less than 5% of Nigerian adults invest in stocks "" SEC  "" Punch

·         Naira rises to 1,609/$ at official market  - Punch

 

Economy News:

·         The Alternative Bank fosters rural economic growth in Katsina "" Vanguard

·         Shell deploys unmanned vessel for pipeline route survey  "" Punch

·         Subsidy removal: Petrol import crashes by 990million litres monthly  "" Punch

·         1,068 oil projects to attract $22.8bn investments "" FG  - 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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