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For the fourth straight month in
2021, Nigeria’s annual Headline Inflation rate eased to 17.38% in July of 2021,
having moved from 17.75% reported in the month of June. The rate for the month is
the lowest inflation rate since February-2021, please understand that, the
reported ease was amid a further slowdown in prices of food & non-alcoholic
beverages (21.03% against 21.83% in June) and despite the on-going naira's devaluation...
The long awaited listing of the MTN shares on the floor of The Nigerian Stock Exchange is now closer than ever, Commenting on the announcement, FerdiMoolman, CEO of MTN Nigeria said "It gives me great pleasure to confirm that the official listing via introduction of MTN's shares on the NSE will take place on Thursday May 16."
The listing which will be done by way of introductory listing will avail the initial holder of MTN shares ...
The Naira yesterday depreciated to N362.03 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N362.03 per dollar from N361.87 per dollar on Tuesday translating to 16 kobo depreciation of the naira. Despite the depreciation, the volume of dollars traded rose by 70 percent. The volume increased to $224.84 million from $131.99 million on Tuesday. However, the ...
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Heritage Capital Markets ltd notes
the suspension by the Securities and Exchange Commission along with its directors
and sponsored individuals regarding the unauthorized sale of shares and refusal
to cooperate with SEC’s directive.
On the 7th of December 2016, we
wrote SEC to intimate them that we have complied with their directives even if
we disagreed with their judgment. We sent in a reminder on 15th December 2016,
since we did not...