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Markets - Page 88

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

Business·Markets·News

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

In a bid to curb illegal currency trading and stabilize the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) intensified its efforts, conducting raids on Bureau De Change (BDC) operators across major cities including Abuja, Lagos, Kano, and Port Harcourt. The

May 15, 2024

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Business·Markets·News

Equity Market Sees Lowest Point Despite Bullish Start To 2024

The equity market faced a downturn on Tuesday as the benchmark index dropped to 97,473.98, a reversal from the bullish trend observed earlier this year. This decline marks a departure from the optimism that characterized the market’s performance in the first quarter

May 15, 2024

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

Business·Markets·News

Naira Depreciates To 1,530/$1 At Parallel Market As Shortage of Dollar Continues

The Nigerian currency, the naira, continues its downward spiral, hitting a new low of 1,530 against the dollar on the black market. This marks a significant drop compared to the previous rate of 1,515 recorded just a day earlier. Analysts attribute this

May 14, 2024

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

Business·Markets·News

NGX: Investors Lose N297bn As ASI Dips By 0.53%

Investors on the Nigerian Exchange Limited faced a tumultuous Monday, as the stock market witnessed a dip, resulting in a collective loss of N297 billion. The downturn was primarily propelled by declines in the share prices of key players such as Seplat,

May 14, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

Equity Market Witnesses Decline As Analysts Predict Mixed Sentiment

Last week, the Nigerian equity market experienced a downturn, with the All-Share Index dropping by 1.36 percent to 98,233.76 points. This decline was accompanied by a 1.35 percent decrease in market capitalization, closing at N55.56 trillion. The market saw losses across several

May 13, 2024

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

Business·Markets·News

How Naira Drops From Best Performing Currency To worst In The World

In April, the naira took a steep dive, ranking as the worst-performing currency globally, according to a Bloomberg report. This unexpected shift has sparked concerns, particularly in Nigeria’s financial circles, as the once-promising trajectory of the local currency now faces a downward

May 11, 2024

Business·Markets·News

Equity Market Sees Slight Uptick as GTCO, Oando, Others Gain

Nigeria’s equity market ended Thursday’s trading session on a positive note, with a marginal increase of 0.03% or N22 billion. This slight gain was driven by investor interest in banking, insurance, and industrial goods stocks, despite profit-taking in consumer goods stocks. The

May 10, 2024

Business·Markets·News

Equity Market Maintains Stability Despite Previous Downturn

Nigeria’s equity market held steady today, following a two-day period of declines. The Nigerian Exchange Limited (NGX) All Share Index (ASI) closed unchanged at 98,223.97 points, mirroring Tuesday’s figure, while the market capitalization dipped slightly from N55.554 trillion to N55.552 trillion, marking

May 9, 2024

Business·Markets·News

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

The Naira took a slight dip on Wednesday, closing at N1,421/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a 1.27 percent drop from the previous day’s rate of N1,403/$, as reported by FMDQ Securities. According to data, the dollar

May 9, 2024

Business·Markets·News

NGX: Equity Market Dips As Investors Face N269bn Loss

The Nigerian Exchange Limited witnessed a decline in the equity market on Tuesday, with the All-Share Index dropping by 0.48%, settling at 98,228.50 points. This downtrend was propelled by losses incurred by FBN Holdings, Unity Bank, and Champion Breweries. Investors experienced a

May 8, 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

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 88

Dollar Trades Flat In Black Market, Appreciates In Official Window

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

Equity Market Sees Lowest Point Despite Bullish Start To 2024

Naira Depreciates To 1,530/$1 At Parallel Market As Shortage of Dollar Continues

NGX: Investors Lose N297bn As ASI Dips By 0.53%

Equity Market Witnesses Decline As Analysts Predict Mixed Sentiment

How Naira Drops From Best Performing Currency To worst In The World

Equity Market Sees Slight Uptick as GTCO, Oando, Others Gain

Equity Market Maintains Stability Despite Previous Downturn

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

NGX: Equity Market Dips As Investors Face N269bn Loss

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