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Markets - Page 25

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States currency. On Tuesday, December 16, the black market foreign exchange rate aggregator, Naira Rates, reported that the American

December 17, 2025

Markets

Nigerian Stock Market Loses N119.22 Billion as Ecobank, PZ Cussons Shares Plummet

The Nigerian stock market suffered a decline on Wednesday, April 9, as the market capitalization dropped to N65.47 trillion from N65.58 trillion the previous day. The all-share index (ASI) also depreciated by 189.73 basis points to 104,187, resulting in a 0.18% decline

April 9, 2025

Business·Markets

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

In a bid to stem its losses, Tantalizers, a quick service restaurant (QSR), has cut staff incentives and implemented cost-saving measures. The company reported a loss of over N260 million in 2024, despite a 9.99% increase in system revenue. To mitigate the

April 9, 2025

Markets

Female Bank CEOs Score Big In Stock Market: Umeoji, Onyeali-Ikpe’s N294.97m Windfall

In a remarkable display of financial prowess, two female bank CEOs, Adaora Umeoji of Zenith Bank and Nneka Onyeali-Ikpe of Fidelity Bank, have collectively earned N294.97 million in the stock market over the past three months. As the only female CEOs with

April 9, 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th April 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as black market, as of 9th April 2025, is N1,610

April 9, 2025

Markets

Nigerian Stock Market Sees Marginal Gain As Sterling, Mutual Benefit Lead The Charge

The Nigerian stock market recorded a marginal gain on Tuesday, 8 April, with the All-Share Index (ASI) appreciating by 0.15% to close at 104,376.73. The market capitalization also increased to N65.58 trillion, driven by gains in key stocks such as Sterling Financial

April 8, 2025

Business·Markets

Aliko Dangote Loses N310bn In Nigerian Stock Market In 2024

Africa’s richest man, Aliko Dangote, has suffered a significant loss of N310 billion in the Nigerian stock market in 2024, primarily due to declining share prices of Dangote Sugar and Nascon Allied. Despite this setback, Dangote’s cement business continues to thrive, with

April 8, 2025

Business·Markets

BUA Cement’s Profitability Under Threat As Production Costs Surge

Nigeria’s BUA Cement is facing a significant challenge to its profitability as production costs continue to outpace revenue growth. Despite a 90.53% year-on-year increase in revenue to N876.46 billion in 2024, the company’s cost of sales rose to N576.21 billion, consuming 65.74%

April 8, 2025

Business·Markets

Over N658bn Lost In Stock Market As Oando, Honeywell Shares Decline

On Monday, April 7, the Nigerian stock market’s all-share index (ASI) declined by 1,295.02 basis points to close at 104,216.87 ASI from 105,511.89 ASI. This dragged the market capitalisation down by N658.22 billion from N66.14 trillion on Friday, April 4, to N65.48

April 8, 2025

Business·Currency·Markets

Naira Sinks Further Despite CBN’s Efforts To Boost Liquidity, Stability

The Nigerian naira has continued to depreciate against the dollar at the foreign exchange (FX) market, despite efforts by the Central Bank of Nigeria (CBN) to boost FX liquidity. Data from the CBN showed that the naira began the new week on

April 8, 2025

Markets

Zenith Bank Chairman, Jim Ovia, Rakes In N26.88bn As Shares Soar

Jim Ovia, the chairman of Zenith Bank, has made a whopping N26.88 billion through his investment in the financial institution in 2024, following a 13.01 percent increase in the company’s share price. This significant gain is a testament to the bank’s strong

April 7, 2025

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Markets - Page 25

Dollar Trades Flat In Black Market, Appreciates In Official Window

Nigerian Stock Market Loses N119.22 Billion as Ecobank, PZ Cussons Shares Plummet

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

Female Bank CEOs Score Big In Stock Market: Umeoji, Onyeali-Ikpe’s N294.97m Windfall

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th April 2025

Nigerian Stock Market Sees Marginal Gain As Sterling, Mutual Benefit Lead The Charge

Aliko Dangote Loses N310bn In Nigerian Stock Market In 2024

BUA Cement’s Profitability Under Threat As Production Costs Surge

Over N658bn Lost In Stock Market As Oando, Honeywell Shares Decline

Naira Sinks Further Despite CBN’s Efforts To Boost Liquidity, Stability

Zenith Bank Chairman, Jim Ovia, Rakes In N26.88bn As Shares Soar

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Markets - Page 25

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