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Fakoyejo Olalekan

Stock Exchange
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Investors Pocket N94.46bn In Nigerian Stock Trading

Investors in UPL, Ikeja Hotels and other equities on the gainers list pocketed N94.46 billion on Thursday after the market capitalisation rose from N34.71 trillion to N34.81 trillion. The All-Share Index inched higher by 173.49 basis points to 63,930.72 ASI, from 63,757.23 ASI. The value of
July 20, 2023
CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1
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CBN’s Authorised Dealers Sell Dollar At N853

In the Investors’ and Exporters’ window on Wednesday, the official naira to dollar exchange rate closed at N793.70/$1, rising from N742.93/$1. Prime Business Africa learnt that between Tuesday and Wednesday, the United States Dollar appreciated in value by N50.77 kobo. In addition,
July 20, 2023

Fidelity Bank Moves To Raise N90bn In Capital Market

Fidelity Bank has informed its shareholders that it’s set to raise more capital, up to N90 billion, to play bigger in local and international markets. The creditor’s decision to raise more funds will see new investors acquire stakes in Fidelity Bank through
July 19, 2023
Tinubu Sets Up Committee To Tackle Flood Crisis

FG To Prosecute Traders Increasing Food Prices

The Federal Competition and Consumer Protection Commission (FCCPC), an agency of the Federal Government, has warned trade associations against hiking food prices. FCCPC made the warning after the National Bureau of Statistics (NBS) reported that food inflation hit 25.25 per cent in
July 19, 2023
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