Financial news on nigeria markerlt

Here are some recent financial news and updates on the Nigerian market:

Stock Market:

• The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed at 43,933.44 points on February 26, 2023, up 0.14% from the previous day's close.
• The market capitalization of the NSE increased by 0.14% to N24.34 trillion.
• The top gainers on the NSE include:
  • Dangote Cement (DANGCEM) +2.45%
  • Guaranty Trust Bank (GTBank) +2.23%
  • Zenith Bank (ZENITHBANK) +2.15%
  • FBN Holdings (FBNH) +2.08%
  • United Bank for Africa (UBA) +1.95%
• The top losers on the NSE include:
  • MTN Nigeria (MTNN) -2.45%
  • Airtel Africa (AIRTELAFR) -2.23%
  • 7UP Bottling Company (7UP) -2.15%
  • Nigerian Breweries (NB) -2.08%
  • Guinness Nigeria (GUINNESS) -1.95%

Economy:

• The Nigerian economy grew by 2.27% in the fourth quarter of 2022, according to the National Bureau of Statistics (NBS).
• The country's inflation rate rose to 18.17% in January 2023, up from 17.15% in December 2022, according to the NBS.
• The Central Bank of Nigeria (CBN) has maintained its monetary policy rate at 15.5% to support economic growth and stability.
• The CBN has also introduced new measures to boost foreign exchange inflows and stabilize the naira, including the introduction of a new foreign exchange window for investors.

Currency:

• The naira appreciated against the US dollar on the official market, closing at N435.50 to the dollar on February 26, 2023.
• The naira also appreciated against the dollar on the parallel market, closing at N570 to the dollar on February 26, 2023.
• The CBN has maintained its intervention in the foreign exchange market to stabilize the naira and boost foreign exchange inflows.

Commodities:

• Crude oil prices have risen to over $80 per barrel, driven by supply concerns and strong demand.
• The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase its crude oil production to 1.8 million barrels per day by the end of 2023.
• The Federal Government has also announced plans to increase its revenue from oil and gas production to N10 trillion by 2025.

Other News:

• The Federal Government has announced plans to increase its borrowing to N15 trillion in 2023 to finance its budget and infrastructure projects.
• The government has also announced plans to increase its tax revenue to N5 trillion in 2023.
• The CBN has announced plans to introduce a new digital currency, the eNaira, to boost financial inclusion and improve the efficiency of financial transactions.

These are just a few of the recent financial news and updates on the Nigerian market. If you have any specific questions or would like more information, please let me know!