Nigeria’s Forex Reserves Drops By $132.06m       Nigeria’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to use the forex reserves as a buffer against currency depreciation despite slowdown in forex inflows. A report by investment banking group, Cordros...

GTB, Zenith, UBA Account For N15.88bn Transactions         The most traded stocks on the floor of the stock market last week were United Bank for Africa Plc, Guaranty Trust Bank Plc and Zenith Bank Plc (measured by volume) as they accounted for 88×5.52 million shares worth...

FSDH Expects June Inflation To Drop To 11.32%   FSDH Research expects the June 2019 inflation rate to drop to 11.32 per cent from 11.40 per cent recorded in May 2019. The FSDH Merchant Bank disclosed this in the July edition of its monthly economic and financial...

In December, FSDH Anticipates Inflation Rising To 11.28% The FSDH Research expects the December 2018 inflation rate (year-on-year) to rise to 11.69 per cent from 11.28 per cent recorded in November. In the research by the FSDH Merchant Bank Limited on ‘A spike in inflation rate...

FSDH Expects Stock To Appreciate, Advises Investors Financial analysts at FSDH Research, an arm of FSDH Merchant Bank Limited, have said the equity market is expected to appreciate from the current levels as investors await half-year 2018 results. The stock market closed on a positive note...

The Nigeria capital market attained new highs within the first two weeks of the year as the market capitalization increased by about N1.76 trillion within the period. The All Share-Index for the first time attained N43,041.54 last week Thursday with market capitalization growing to 15.37...