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On the market front, Naira appreciated slightly, while equities gained 3.18% in February but fell less than 1% for the week on sell pressure. Fixed-income yields declined amid strong liquidity and commodities faced a bearish trend, with gold, silver, and oil prices dropping due to profit-taking and geopolitical risks. Looking into March, we expect a sustained bullish trend as system liquidity lifts fixed income demand and portfolio rebalancing sustains bulls in the equities market. read more: https://proshare.co/articles/what-to-expect-from-the-markets-this-week-030325?menu=Market&classification=Read&category=Market%20Updates 📸 Proshare Graphics


NAFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – February 28, 2025 Closing Rate - N1,492.49 BDC Rate - N1,500 GBP Rate - N1,910 EURO Rate - N1,570 CAD Rate - N1,120 YUAN Rate - N210 Compare more currencies at https://proshare.co/ExchangeRates Visit our Data Hub via https://proshare.co/Stocks?menu=Market&classification=Data&category=Stock for more market information.


This week, the market remains quiet as banks prepare for the second tranche of recapitalisation, while analysts await full-year results to assess the first tranche's impact. 🔗Read more: https://proshare.co/articles/banks-recapitalization-watch-for-the-week-ended-february-28-2025?menu=Market&classification=Read&category=Public%20%26%20Private%20Offers 📷Proshare Graphics


NAFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – February 3, 2025 Closing Rate - N1,495.60 BDC Rate - N1,590 GBP Rate - N1,995 EURO Rate - N1,660 CAD Rate - N1,160 YUAN Rate - N240 Compare more currencies at https://proshare.co/ExchangeRates Visit our Data Hub via https://proshare.co/Stocks?menu=Market&classification=Data&category=Stock for more market information.


Nigeria in 1min: Economic, Business and Financial Market Headlines - 3rd February, 2025 🔗Read More: https://proshare.co/articles/nigeria-in-1min-economic-business-and-financial-headlines-030225?menu=Business&classification=Read&category=All%20One%20Min%20News


NAFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – January 31, 2025 Closing Rate - N1,474.78 BDC Rate - N1,620 GBP Rate - N2,000 EURO Rate - N1,660 CAD Rate - N1,180 YUAN Rate - N240 Compare more currencies at https://proshare.co/ExchangeRates Visit our Data Hub via https://proshare.co/Stocks?menu=Market&classification=Data&category=Stock for more market information.

FBN Holdings’ FY 2024 financials show gross earnings of N3.52trn, up 138.09% from FY 2023. The Tier 1 bank's Pre-tax profit rose 142% to N862bn, driven by higher interest income and off-balance sheet investments. Despite an FX loss of N96.43bn and increased operating expenses, net earnings grew significantly. The dividend payment of N14.36bn bolstered retained earnings to N1.30trn. 🔗Full analysis: https://proshare.co/articles/fbn-holdings-fy-2024-report-net-profit-nears-n1trn-as-high-interest-income-offsets-fx-exposure?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates 📷Proshare Graphics

Nigeria in 1min: Economic, Business and Financial Market Headlines - 4th February, 2025 🔗Read More: https://proshare.co/articles/nigeria-in-1min-economic-business-and-financial-headlines-040225?menu=Business&classification=Read&category=All%20One%20Min%20News


Nigeria’s economy saw major shifts this week: *.* CBN introduced an FX Code, boosting naira to ₦1,474.78/$ *.* Credit tightens as demand for unsecured loans rises *.* FG secured $1.1bn from AfDB to improve electricity, but power sector worries linger *.* Global commodities mixed—gold and silver up, crude oil down *.* Equities, Treasury, and OMO bills bullish; bonds adjust amid high demand With rebased inflation data and corporate earnings ahead, investors watch for next moves. 🔗Read more: https://proshare.co/articles/what-to-expect-from-the-markets-this-week-030225?menu=Market&classification=Read&category=Market%20Updates 📷 Proshare Graphics

Nigeria in 1min: Economic, Business and Financial Market Headlines - 5th February, 2025 🔗Read More: https://proshare.co/articles/nigeria-in-1min-economic-business-and-financial-headlines-050225?menu=Business&classification=Read&category=All%20One%20Min%20News
