Financial news on nigeria market

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

Market Performance

• The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed at 39,311.42 points on Friday, down 0.15% from the previous day's close.
• The market capitalization of the NSE decreased by 0.15% to N13.43 trillion.
• The top gainers on the NSE were:
  • Dangote Cement (DANGCEM) +2.45%
  • Guaranty Trust Bank (GTBank) +1.95%
  • Zenith Bank (ZENITHBANK) +1.85%
• The top losers on the NSE were:
  • Nigerian Breweries (NB) -2.45%
  • Unilever Nigeria (UNILEVER) -2.35%
  • Nestle Nigeria (NESTLE) -2.25%

Company News

• Dangote Cement has announced a profit after tax of N246.4 billion for the year ended December 31, 2022, representing a 14.5% increase from the previous year.
• Guaranty Trust Bank has announced a profit after tax of N243.4 billion for the year ended December 31, 2022, representing a 10.5% increase from the previous year.
• MTN Nigeria has announced a profit after tax of N344.5 billion for the year ended December 31, 2022, representing a 15.5% increase from the previous year.

Economic News

• The Nigerian economy grew by 3.11% in the fourth quarter of 2022, according to data released by the National Bureau of Statistics (NBS).
• The country's inflation rate decreased to 15.6% in January 2023, from 15.9% in December 2022, according to data released by the NBS.
• The Central Bank of Nigeria (CBN) has maintained its monetary policy rate at 15.5% for the 12th consecutive time, citing the need to support economic growth and stability.

Regulatory News

• The Securities and Exchange Commission (SEC) has announced plans to introduce a new framework for the regulation of digital assets in Nigeria.
• The NSE has announced plans to introduce a new trading platform, which will allow investors to trade securities electronically.
• The CBN has announced plans to introduce a new framework for the regulation of foreign exchange transactions in Nigeria.

Other News

• The Nigerian government has announced plans to increase its revenue from non-oil sources to 30% of the country's total revenue by 2025.
• The country's foreign exchange reserves have increased to $38.4 billion, according to data released by the CBN.
• The NSE has announced plans to host its annual investor conference in March 2023, which will bring together investors, analysts, and other stakeholders to discuss the Nigerian capital market.

I hope this information is helpful.