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Markets - Page 86

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per cent tariffs on all Canadian goods entering the United States, sharply escalating trade tensions between the two North American allies over Canada’s recent trade engagement with China. Trump issued the warning via

January 25, 2026

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

Equity Market Dips As Investors Offload Key Stocks

The Nigerian equity market experienced a downturn on Thursday, failing to sustain the gains from the previous day. The market declined by 0.15 percent by the close of trading, reflecting earlier predictions of a mixed week for the equities market. Investors were

June 7, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024. Closing at N1,488.60/$1, the naira experienced a 0.78% drop from the previous day on the NAFEM window, according to the latest data from

June 6, 2024

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Business·Markets·News

Nigeria’s Equity Market Sees First Gain Of The Week, Rises By 0.24%

Nigeria’s equities market recorded its first gain this week on Wednesday, as investors engaged in bargain hunting, pushing the market higher by 0.24%. This positive close came after two consecutive sessions of losses, despite some investors still having an unclear near-term outlook

June 6, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

Nigeria’s equity market moved further into negative territory on Tuesday, declining by 0.12 percent as investors took profits in several stocks, including International Energy, UPDC, Unity Bank, and Chams. This drop follows a record negative start to the week, with market watchers

June 5, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Stable On More Dollar Sales

The naira remained stable across foreign exchange markets on Tuesday, with a surge in dollar sales by 94.46% at the official market. Despite the fluctuations, the local currency showed resilience, reflecting the dynamics of Nigeria’s foreign exchange market. The naira closed at

June 5, 2024

Business·Markets·News

Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

The Nigerian Exchange witnessed a loss on Monday, shedding N102 billion in equity market. This downturn was primarily driven by declines in key stocks such as First Bank of Nigeria Holdings, Seplat Energy, and Transcorp. The All-Share Index dropped by 0.18 per

June 4, 2024

Business·Markets·News

Nigerian Equity Market Sees Positive Week With N954 billion Gain

The Nigerian equity market had a positive performance last week, with investors gaining N954 billion. By the end of the week, the market capitalisation and the All-Share Index both increased by 0.02 per cent, closing at N56.17 trillion and 99,300 points, respectively.

June 3, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Markets·News

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

The exchange rate for Nigeria Customs duties collection has surged by 23.9%, rising from N1,196.6 per USD to N1,482.9/$. This increase of N286.3 occurred over just two days, starting from 30th May 2024, when the rate was at N1,196.6/$. The initial drop

June 2, 2024

Business·Markets·News

Nigerian Stocks End May With 1% Gain Despite Market Volatility

Nigerian stocks closed May with a surprise gain despite weeks of losses, driven by strong performances across multiple sectors. The NGX All-Share Index (ASI) ended the month at 99,300.38 points, marking a 1.73% increase, while the Market Capitalisation rose to N56.172 trillion.

June 1, 2024

Business·Markets·News

Equity Market Gains N259bn In 4th Consecutive Rally

The equity market continued its upward momentum on Thursday, marking the fourth consecutive trading day of gains, with investors earning approximately N259 billion. The Nigerian Exchange’s benchmark index rose by 0.46%, closing at 99,276.03 points, while the market capitalisation reached N56.16 trillion.

May 31, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Markets - Page 86

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Equity Market Dips As Investors Offload Key Stocks

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

Nigeria’s Equity Market Sees First Gain Of The Week, Rises By 0.24%

Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

Naira Stable On More Dollar Sales

Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

Nigerian Equity Market Sees Positive Week With N954 billion Gain

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

Nigerian Stocks End May With 1% Gain Despite Market Volatility

Equity Market Gains N259bn In 4th Consecutive Rally

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Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

How Taraba Is Shaping the Future of City Revival

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Markets - Page 86

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