Proshare

03/08/2025

First Bank of Nigeria Ltd. has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025.

FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, held recently in London.

02/08/2025

The Nigerian Economic Dashboard 1st August 2025

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02/08/2025

Buoyed by Trump’s Russia threats and news of Indian state refiners curbing purchases of Russian crude, crude oil futures have been trending above $70 per barrel throughout the week, settling on Friday slightly below the $71 mark.

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A poor U.S. jobs report led to a broader sell-off on Friday, with leading stock indices falling from record highs.

01/08/2025

01/08/2025

NAFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – August 1, 2025

Closing Rate - N1,533.74

BDC Rate - N1,540

GBP Rate - N2,100

EURO Rate - N1,770

CAD Rate - N1,100

YUAN Rate - N200

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01/08/2025

NGX Equities Closed First Trading in August on a Positive Note, With the NGXASI Up 1.00%; BDC Rate Appreciates to N1,540/US$1

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The total traded volume declined by 2.72% to close at 1.08bn, valued at N26.85bn in 34,488 deals. FCMB closed with the highest volume, with N277.21m units traded, while ARADEL closed with the highest value, amounting to N3.27bn.

01/08/2025

Following the retirement of Professor Chika Mordi, has appointed Uche Ike as the new board chairman

United Capital Plc has announced the retirement of its Board Chairman, Professor Chika Mordi, and Non-Executive Director, Mr. Emmanuel Nnorom. The development comes as part of the company’s Board Succession Plan and in alignment with recent regulatory directives.

01/08/2025

The NASD, at its press conference today, highlighted several market-relevant issues and strategic developments to grow Nigeria’s premier over-the-counter (OTC) equity market.

The NASD held a press conference today, August 01, 2025, highlighting several market-relevant issues and strategic developments to grow Nigeria’s premier over-the-counter (OTC) equity market.

01/08/2025

Nigeria’s total gas production for the month of June stood at 236,962.37 million standard cubic feet (MMscf), a 17.36% year-on-year (YoY) increase from 201,903.46 MMscf recorded in June 2024.

Nigeria’s total gas production for the month of June 2025 stood at 236,962.37 million standard cubic feet (MMscf), a 17.36% year-on-year (YoY) increase from 201,903.46 MMscf recorded in June 2024.

01/08/2025

Highlights from our weekly snapshot on the African Economy as of August 1st 2025

• In ECOWAS, Trump imposed a new 15% tariff on Nigeria-based exports to the US, Ghana’s central bank cuts policy rate by 300bps to 25%, while Togo and China deepen strategic ties as new envoy assumes role.

• In AES, IMF projects Mali’s growth at 5% amid reforms and flood recovery, while AfDB backs 18 MW solar project in Burkina Faso with €6m funding.

• In COMESA, Kenya raised the capital bar for betting firms to KSh100m in sweeping reform, and Ethiopian Banks resist the central bank’s mandated merger deadline.

• In SADC, the South African Reserve Bank lowered the repo rate to 7% amid growth concerns, and Tanzania banned foreigners from 15 small-scale businesses in an economic localisation drive.

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The US government under President Trump has enforced a 15% import tariff on Nigeria and several other African nations, citing revisions to April 2nd reciprocal trade tariffs. Analysts say the new policy could pressure Nigeria’s economy, raising import costs and disrupting trade flows.

01/08/2025

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01/08/2025

In line with NGX's Rulebook requirements, Peter Ashade, the pioneer Managing Director/Chief Executive Officer of Africa Prudential Plc, has announced his retirement from the Board of Directors.

Africa Prudential Plc has announced the retirement of Mr. Peter Ashade from its Board of Directors, effective July 31, 2025. The notice, in line with Nigerian Exchange (NGX) Rulebook requirements, marks the end of an era for a key figure in the company's history.