Fakoyejo Olalekan

Naira Ends Week With Marginal Gain Against Dollar

5 Major Reasons Naira Won’t Recover Soon

The naira might not recover anytime soon against the dollar due to five factors within and beyond the control of the Central Bank of Nigeria (CBN). In the past week, the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa,

November 21, 2022

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Investors Trade N8.66bn Stocks, As Union Bank, GTCO, Others Gain

Over 694.376 million shares worth N8.667 billion were traded on the exchange floor of the Nigerian stock market in 15,418 deals in the week ending November 18, 2022. The figure falls below 1.101 billion shares exchanged in 15,697 deals, worth N11.714 billion

November 19, 2022

Business·Markets

NGX Gains N262.26 billion, As Market Cap Hits N24.23 trillion

The market capitalisation ended trading with N24.23 trillion, rising from N23.97 trillion, after the Nigerian bourse jumped 1.09 percent, representing N262.26 billion gain. This followed the All-Share Index that appreciated from 44,011.22 ASI to 44,492.73 ASI after gaining 481.51 basis points. Over

November 18, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar Rate Stable At Black Market, Falls In Official Channel After EFCC’s Prediction

The black market reports exchange rate stability between the naira and the US dollar on Thursday, while the Nigerian currency appreciated at the official window. Bureau De Change operators at the parallel market sold the dollar below N800, with the asking price

November 18, 2022

Business·Currency·Insights

6 Reasons Naira Gains, Loses In Black Market

In the second week of November, the naira gained significantly against the United States dollar (USD) in black market after a free fall in last week of October and first week of November. The naira had appreciated by 25.2 percent, handing Bureau

November 18, 2022

Stop Increasing Debt – Nigeria's Debt Office Says To Pres. Buhari

Business·News·Top Stories

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

The Debt Management Office (DMO) has advised President Muhammadu Buhari’s administration to focus on increasing revenue rather than piling up debt that has risen to N42.84 trillion ($103.31 billion) at the end of Q2, 2022. Director-general of Nigeria’s Debt Office, Patience Oniha,

November 18, 2022

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Transcorp, Access Top Trades, As Nigerian Stock Exchange Crashes

Nigerian stock market dipped by -0.08 percent on Thursday, dragging the market capitalisation down to N23.97 trillion, from Wednesday’s N23.99 trillion. The All-Share Index closed with 44,011.22 ASI, down from 44,046.94 ASI, after losing 35.72 basis points during trading. Investors traded N847.88

November 17, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

The exchange rate between the naira and the dollar fell in the black market on Wednesday, as the Nigerian currency appreciates by 1.25 per cent. This represents a N10 loss in the Dollar naira rate at the parallel market, with the Bureau

November 17, 2022

Obi, Atiku, Tinubu's Economic Plans To Create Highest Naira Devaluation

Business·Insights

Obi, Atiku, Tinubu’s Economic Plans Still Prone To Naira Devaluation

Next year, Nigeria’s currency, the Naira, will record its highest devaluation in recent years, ushering the country into a single foreign exchange market after years of operating a multiple exchange rate regime. Prime Business Africa drew this conclusion from the political tone

November 17, 2022

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

Nigeria is losing investors to G-7 securities – United States, Germany, France, Japan – as creditors avoid underdeveloped and developing countries to protect their investment. According to Director-General of the Debt Management Office (DMO), Patience Oniha, Nigeria is unable to attract investors to

November 17, 2022

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Fakoyejo Olalekan

5 Major Reasons Naira Won’t Recover Soon

Investors Trade N8.66bn Stocks, As Union Bank, GTCO, Others Gain

NGX Gains N262.26 billion, As Market Cap Hits N24.23 trillion

Dollar Rate Stable At Black Market, Falls In Official Channel After EFCC’s Prediction

6 Reasons Naira Gains, Loses In Black Market

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

Transcorp, Access Top Trades, As Nigerian Stock Exchange Crashes

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

Obi, Atiku, Tinubu’s Economic Plans Still Prone To Naira Devaluation

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

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