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Markets - Page 87

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

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

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

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

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

Business·Markets·News

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Nigeria’s equities market saw a modest gain of 0.11% on Tuesday, driven by heightened investor interest in Nestle Nigeria Plc. The company’s upcoming annual meeting on May 22 prompted increased buying activity, propelling the market to add N61 billion, marking its strongest

May 22, 2024

Business·Markets·News

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Nigeria’s foreign exchange (FX) reserves have shown a notable increase of approximately $535 million in just under a month, highlighting a positive trend amidst ongoing economic uncertainties. According to recent data from the Central Bank of Nigeria (CBN), the country’s FX reserves

May 21, 2024

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

Business·Markets·News

Equity Market Gains N29bn As Investors Eye MPC Outcome

Nigeria’s equity market saw a marginal uptick on Monday, with gains of 0.05% amounting to N29 billion, as investors kept a keen watch on the ongoing Monetary Policy Committee (MPC) meeting. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose from 98,125.73

May 21, 2024

Business·Markets·News

Customs Duty Exchange Rate Hits N1530/$ Amid Naira Depreciation Continues

In a development impacting import economics, the Nigerian Customs Service (NCS) has adjusted its exchange rate for duty collections to N1530/$, up from N1492/$, reflecting a direct response to the naira’s depreciation. This change marks a significant shift following the currency’s drop

May 17, 2024

Business·Markets·News

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

The Naira showed resilience as it bounced back against the dollar at the end of Wednesday, recovering from a week-long depreciation in both official and unofficial foreign exchange markets. “I’m glad to see the Naira making a strong comeback,” remarked Mr. Adekunle,

May 16, 2024

Business·Markets·News

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reinforced its stance that it will not intervene in determining the prices of petroleum products from the Dangote Refinery once it becomes fully operational. This statement came from Farouk Ahmed, Chief Executive

May 15, 2024

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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

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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 87

Dollar Trades Flat In Black Market, Appreciates In Official Window

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

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Equity Market Gains N29bn As Investors Eye MPC Outcome

Customs Duty Exchange Rate Hits N1530/$ Amid Naira Depreciation Continues

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

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Markets - Page 87

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