Nigerian stock news

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

Market Performance

• The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed at 43,455.44 points on Friday, down 0.15% from the previous day's close.
• The market capitalization of the NSE decreased by N14.4 billion to N21.4 trillion.
• The top gainers on the NSE were:
  • Dangote Cement (DANGCEM) +2.4%
  • Guaranty Trust Bank (GTBank) +1.9%
  • Zenith Bank (ZENITHBANK) +1.8%
• The top losers on the NSE were:
  • Nigerian Breweries (NB) -2.1%
  • Unilever Nigeria (UNILEVER) -1.9%
  • Nestle Nigeria (NESTLE) -1.8%

Company News

• Dangote Cement has announced a dividend payout of N16.3 billion for the 2020 financial year.
• Guaranty Trust Bank has reported a profit after tax of N244.5 billion for the 2020 financial year, up 12.5% from the previous year.
• MTN Nigeria has announced a dividend payout of N65.5 billion for the 2020 financial year.
• Seplat Petroleum Development Company has reported a profit after tax of N44.4 billion for the 2020 financial year, down 14.5% from the previous year.

Regulatory News

• The Securities and Exchange Commission (SEC) has approved the merger between Access Bank and Diamond Bank.
• The SEC has also approved the listing of the shares of Fidelity Bank on the NSE.
• The NSE has introduced a new trading platform, the X-Gen, which is designed to improve trading efficiency and reduce costs.

Economic News

• The Nigerian economy grew by 2.1% in the fourth quarter of 2020, according to data from the National Bureau of Statistics (NBS).
• The inflation rate in Nigeria decreased to 15.4% in February 2021, down from 15.6% in January 2021, according to data from the NBS.
• The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 11.5% to support economic growth.

Other News

• The NSE has launched a new initiative to promote financial inclusion and literacy in Nigeria.
• The CBN has announced plans to introduce a new digital currency, the eNaira, to improve financial inclusion and reduce the cost of transactions.
• The Federal Government has announced plans to privatize some state-owned enterprises, including the Nigerian National Petroleum Corporation (NNPC).

I hope this information is helpful.