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Markets - Page 87

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

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Markets·News

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

The naira weakened further on Thursday at the official foreign exchange market due to a drop in dollar sales by market players. The naira lost 10.45 percent of its value, with the dollar quoted at N1,484.75, weaker than N1,329.65 quoted on Wednesday

May 31, 2024

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

Business·Markets·News

Naira Struggles At Official Market Amidst Marginal Dollar Supply Increase

The naira returned to a downward trend on Wednesday after experiencing gains for two consecutive trading days at the official foreign exchange (FX) market. Despite a slight increase in dollar supply, the naira’s value depreciated by N11.72, with the dollar quoted at

May 30, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

NGX: Equity Market Rally Continues For Third Day With N246bn Gain

The equity market extended its rally for the third consecutive day on Wednesday, with investors gaining approximately N246 billion. This increase was driven by notable performances from Abbey Mortgage Bank, the National Salt Company, First City Monument Bank, and 28 other gainers.

May 30, 2024

Business·Markets·News

NGX: Equity Market Rally Continues For Third Day With N246bn Gain

May 30, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX Reports Sharp Decline In Equity Market Transactions For April 2024

The Nigerian Exchange Limited (NGX) has announced a drop in total domestic and foreign portfolio transactions in Nigeria’s equity market for April 2024. The total transactions amounted to N346.23 billion, a decrease from the N538.54 billion recorded in March 2024. This information

May 28, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·Markets·News

Dangote Refinery To List On Nigerian Stock Exchange, Eyes 500,000-barrel Production Capacity July

In a major development for Nigeria’s economy, the Dangote Refinery, valued at $20 billion, is set to be listed on the Nigerian Stock Exchange by December 2024. Aliko Dangote, Chairman of the Dangote Group, expressed his enthusiasm for this move, highlighting the

May 28, 2024

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

Business·Markets·News

Naira Appreciates To N1,3339/$1 At Official Market As CBN Addresses Market Volatility

The Nigerian naira appreciated significantly on Monday, closing at 1,339.33 per dollar in the official window. This marks a 9.68% increase from Friday’s rate of 1,482.81 per dollar. According to data from the FMDQ, which oversees the Nigerian Autonomous Foreign Exchange Market,

May 28, 2024

Business·Markets·News

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

The Nigerian naira showed resilience against the US dollar in the parallel market this week, reflecting a slight appreciation despite challenges. On Friday, the naira was valued at N1,500 per dollar, improving from N1,510 on Thursday. Similarly, in the Nigerian Autonomous Foreign

May 25, 2024

Business·Markets·News

Naira Decline Breaks Four-Day Winning Streak, Falls To N1485/$1 Amid Forex Market Volatility

The naira’s four-day winning streak ended on Thursday as it depreciated by 1.55%, closing at 1485.66/$1 on the official market. This marks the currency’s lowest level since March 20, when it traded at 1492.61/$1, according to the latest data from the FMDQ.

May 24, 2024

Business·Markets·News

NGX: Equity Market Continues Downtrend As Investors Lose N84bn

The Nigerian equity market extended its losing streak on Thursday, shedding N84 billion in market capitalization. This decline was primarily driven by losses in Skyway Aviation Handling, NEM Insurance, and 26 other stocks. The All-Share Index (ASI) fell by 0.15% to 97,978.02

May 24, 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 87

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

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

Naira Struggles At Official Market Amidst Marginal Dollar Supply Increase

NGX: Equity Market Rally Continues For Third Day With N246bn Gain

NGX: Equity Market Rally Continues For Third Day With N246bn Gain

NGX Reports Sharp Decline In Equity Market Transactions For April 2024

Dangote Refinery To List On Nigerian Stock Exchange, Eyes 500,000-barrel Production Capacity July

Naira Appreciates To N1,3339/$1 At Official Market As CBN Addresses Market Volatility

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

Naira Decline Breaks Four-Day Winning Streak, Falls To N1485/$1 Amid Forex Market Volatility

NGX: Equity Market Continues Downtrend As Investors Lose N84bn

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How International Breweries Recorded First Profit In Over 6 Years

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

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

Obi Accuses Tinubu Government of Fiscal Recklessness Over Overlapping Budgets

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 International Breweries Recorded First Profit In Over 6 Years

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Markets - Page 87

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