Nigerian capital market news
Here are some recent news and updates from the Nigerian capital market:
Market Performance
- The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed at 43,445.44 points on Friday, down 0.15% from the previous day's close. (Source: NSE)
- The market capitalization of the NSE fell by N13.4 billion to N13.4 trillion. (Source: NSE)
Company News
- Dangote Cement Plc, the largest cement producer in West Africa, has announced a profit after tax of N143.4 billion for the year ended December 31, 2022. (Source: BusinessDay)
- Guaranty Trust Bank Plc, one of the largest banks in Nigeria, has reported a profit after tax of N243.4 billion for the year ended December 31, 2022. (Source: BusinessDay)
- MTN Nigeria Communications Plc, the largest telecommunications company in Nigeria, has announced a profit after tax of N344.5 billion for the year ended December 31, 2022. (Source: BusinessDay)
Regulatory Updates
- The Securities and Exchange Commission (SEC) has introduced new rules to regulate the activities of online trading platforms in Nigeria. (Source: Vanguard)
- The NSE has introduced a new trading platform, X-Mobile, to enhance trading experience for investors. (Source: NSE)
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). (Source: NBS)
- The Central Bank of Nigeria (CBN) has maintained its monetary policy rate at 15.5% to curb inflation and support economic growth. (Source: CBN)
Other News
- The NSE has partnered with the International Finance Corporation (IFC) to promote sustainable investing in Nigeria. (Source: NSE)
- The SEC has launched a new initiative to promote financial inclusion and literacy in Nigeria. (Source: SEC)
These are just a few of the recent news and updates from the Nigerian capital market. If you would like more information or specific updates on a particular company or sector, please let me know!