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December 01, 2021

NGX Remains Preferred Listing Destination, Facilitates MTN Public Offer

Market stakeholders were excited to learn last week that MTN Nigeria Communications (MTNN) Plc is taking advantage of this opportunity and has obtained the approval of the Securities and Exchange Commission (SEC) for the offer for sale of up to 575 million ordinary shares in MTNN held by the MTN Group.

87 VIEWS

December 01, 2021

Investors Lose N409.55bn, NGXASI Dips by -1.81% as Sell Pressure Persists

Nigerian Equities Market Closed Negative With -1.81% Loss Recorded as against -0.05% Loss witnessed at the end of the previous trading session.

180 VIEWS

December 01, 2021

The Foreign Exchange Dilemma; to Float or Gloat?

The Nigerian Foreign Exchange market has generated far reaching attention in recent years. This reality can be seen in the series of adjustments made on the Naira in recent years. Given that imported items constitute in excess of 10.0% of its Consumer Price Index, the need to properly manage its FX position is very important in actualizing the country's overall economic goals.

282 VIEWS

December 01, 2021

PMI Reading No 104: A Seasonal Pickup

Our manufacturing Purchasing Managers' Index (PMI) surged from 49.6 to 57.4 in November. It was the first of its kind in Nigeria. Our partner, NOI Polls, collects the data. The decrease was mirrored across three of the five sub-indices.

329 VIEWS

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