Economy & Market
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116Naira Gains 7.2% Against Dollar
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading...
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120Economic and Market Report: Week Ended 12-04-2024
Global Economy According to the Bureau of Labor Statistics (BLS), United States headline inflation rose higher than market expectations (+3.4% y/y), increasing...
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126All-Share Index Slips Further at the Local Bourse
To close the holiday shortened week, the All-Share index of the local bourse slipped further by 0.71% to 102,314.56. Bearish sentiment continued...
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142Central Bank Prohibits Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria (CBN) has written to all banks in Nigeria to discontinue the use of foreign currencies as collateral...
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121Shares slide as Exchange wobble continues
The continuous downturn at the Nigerian Stock Exchange threatens the much anticipated recovery. EQUITIESTrading activities in the domestic equities market kicked off...
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262Central Bank Sells Dollar to BDCs at ₦1,101/$1
The Central Bank of Nigeria (CBN) has again crashed dollar to naira rate by announcing the sales of dollars to Bureau De...
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155Nigerian Exchange Group buys Stake in Ethiopia’s first-ever Securities Exchange
Nigerian Exchange Group Plc (NGX Group) has announced a significant investment in the Ethiopian Securities Exchange (ESX). The NGX Group, an integrated...
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140Economic and Market Report: Week Ended 05-04-2024
Global Economy According to the recently released data from Eurostat, headline inflation in the Euro area printed below market expectation (+2.6% y/y),...
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119Measuring Parameters down at the Stock Exchange
The benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed gains...
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105Local Bourse Sustains Bearish Momentum
EQUITIESThe Nigerian equities market maintained its bearish performance as sustained profit-taking activities in the tier-1 banks and MTNN (-1.3%) triggered a 0.4%...
