Markets

Markets

Stock market opens week on a positive note

Iheanyi Nwachukwu Dec 11, 2023

Investors interest in SFS Real Estate Investment Trust, Ecobank Transnational, SCOA, Infinity Trust Mortgage Bank and other counters helped Nigeria’s...

Markets

NGX enlightens retiring military officers on personal finance, investing

Iheanyi Nwachukwu Dec 09, 2023

Nigerian Exchange Limited (NGX), in collaboration with Zenith Bank and supported by Africa Prudential took its financial literacy initiative, X-Lit...

Markets

Exchange rate gap closes as naira falls to lowest at official market

Hope Moses-Ashike Dec 08, 2023

The exchange rate gap/spread between the official and the parallel market on Friday closed to N99 per dollar as naira...

Markets

Equities market rises by 0.17% in week ended December 8

Iheanyi Nwachukwu Dec 08, 2023

In the trading week ended Friday December 8, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased...

Markets

Stock market dips by 0.49% as investors sell FBN Holdings, others

Iheanyi Nwachukwu Dec 07, 2023

After two days of gains, investors on Thursday started targeting profit from the shares of FBN Holdings, making it to...

Markets

Buy-side activity pushes market's return to 40.11% year-to-date

Iheanyi Nwachukwu Dec 06, 2023

Investors decisions to stay more on the buy-side of the Nigerian Exchange Limited (NGX) has pushed higher, the equities market’s...

Markets

Naira strengthens further as dollar liquidity rises by 92.92%

Hope Moses-Ashike Dec 06, 2023

The official foreign exchange (FX) market recorded a significant increase in dollar liquidity, which helped to strengthen the naira further...

Markets

Equities rise by 0.43% as investors continue hunt for value

Iheanyi Nwachukwu Dec 05, 2023

Nigeria’s stock market on Tuesday recorded its first gain this week, rising by 0.43 percent at the close of trading...

Markets

Dollar inflow through CBN rose by 91.9% as FX pressure intensify

Hope Moses-Ashike Dec 04, 2023

Dollar inflow through the Central Bank of Nigeria (CBN), rose substantially, by 91.9 percent, to US$2.59 billion in July 2023,...

Markets

BUA Cement, other laggards cause market’s 0.66% dip

Iheanyi Nwachukwu Dec 04, 2023

…DMO offers 2 years, 3 years savings bonds …Unitholders of NIDF to get special distribution of N6.55 per unit Nigeria’s...

Markets

Equities market closes higher by 0.11%

Iheanyi Nwachukwu Nov 30, 2023

Nigeria’s equities market rose by 0.11 percent on Thursday, thanks to NNFM, Mecure, ETI and other top advancers on the...

Markets

FMDQ records secondary market turnover of N21.70trn in October

Iheanyi Nwachukwu Nov 30, 2023

…implies 60.27% YoY increase FMDQ Exchange has released its markets monthly report for October which shows secondary market turnover of...

Markets

Market opens week on a positive note

Iheanyi Nwachukwu Nov 27, 2023

Nigeria’s equities market rose by 0.17 percent on Monday, November 27 as investors bought shares of FBN Holdings and others...

Markets

Naira exchanges with dollar at N1,164

Hope Moses-Ashike Nov 27, 2023

The pressure on the foreign exchange (FX) market continued on Monday, with the  Nigerian naira depreciating to N1,164 per dollar...

Markets

Analysts welcome CBN move to direct banks recapitalisation

Hope Moses-Ashike Nov 25, 2023

Analysts have commended the Central Bank of Nigeria (CBN) after the apex bank said it would be directing banks to...