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Markets - Page 89

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 Arrests BDC Operators As Naira trades For 1,416/$1

Operatives from the Economic and Financial Crimes Commission (EFCC) reportedly descended on Bureau De Change (BDC) operators in Wuse Zone 4 market on Tuesday as the naira depreciated to N1,416 to a dollar. Witnesses narrated scenes of resistance, gunfire, and damaged EFCC

May 8, 2024

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

Business·Markets·News

NGX: Nigerian Equity Market Rebounds After N3.54trn Rise In April

After enduring a tumultuous April where it suffered a loss of N3.54 trillion, the Nigerian equity market has bounced back, marking its first weekly gain. Investors, seeking better returns, fueled this upward trajectory, shifting focus to alternative markets. The preceding weeks were

May 6, 2024

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

Business·Markets·News

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

The recent increase in the exchange rate for customs duty collection to N1,441.53 to the USD has sparked concerns among stakeholders, coming at a time when the naira is experiencing significant depreciation. This new figure represents an increase of N61 from the

May 5, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX: FBN Holdings, Others Emerge Top Gainer As Market Cap Grows By 1.46%

The Nigerian Exchange Group Plc (NGX) witnessed a rise in trading activity, with FBN Holdings Plc emerging as the top gainer. The financial institution’s shares experienced an increase of approximately N238.703 billion, despite the cancellation of its extraordinary general meeting (EGM) to

May 4, 2024

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

Business·Markets·News

Equity Market Sees Second Consecutive Day Of Gains, Investors Gain N303bn

The Nigerian equity market defied expectations on Thursday, May 2, 2024, as investors recorded gains for the second consecutive day. The market’s benchmark index appreciated by 0.55% to 98,762.78 points, driven by strong investor sentiment following recent earnings releases and corporate action

May 3, 2024

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

Business·Markets·News

Naira Depreciates Further, Trades At N1,402 Against US Dollar

The naira continued its downward trend, losing value against the US dollar on Thursday at the official market. According to data from the FMDQ exchange securities, the naira depreciated by N12 or 0.86 percent to N1,402 against the US dollar, down from

May 3, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Markets·News

Flood, Currency Depreciation, Others To Drive Nigeria’s Inflation In 2025- Report

Nigeria’s inflation rate is expected to remain high in 2025, according to a recent Reuters poll of 15 analysts. The poll predicts that inflation will quicken to 29.1% this year from an average of 24.5% last year, before slowing to 17.2% next

April 30, 2024

Business·Markets·News

Equity Market Sees Sell-Offs As Investors Lose N154bn

The equity market experienced a bearish trading session on Monday, with investors losing N154 billion due to a decline in 19 stocks, including Dangote Sugar, Secure Electronic Technology, and CAP. Despite more advancing stocks (25) than declining ones, the market sentiment remained

April 30, 2024

Naira Depreciates Further To N1,419/$1 As EFCC Arrests BDC Operators

Business·Markets·News

Naira Depreciates Further To N1,419/$1 As EFCC Arrest BDC Operators

The Economic and Financial Crimes Commission (EFCC) on Monday conducted a surprise raid on Bureau De Change (BDC) operators in the Wuse Zone 4 area of Abuja, arresting an unspecified number of traders as the naira further dips to N1,419/$1. This action

April 30, 2024

Business·Markets·News

Equity Market: Investors Lose N785bn In 1 Week As Market Closes In Red Zone

The Nigerian equity market experienced a significant decline in the past week, with investors losing a total of N785 billion in value. This marks the fourth consecutive week of negative trading on the Nigerian Exchange this April. “The bearish trend in the

April 29, 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 89

Dollar Trades Flat In Black Market, Appreciates In Official Window

EFCC Arrests BDC Operators As Naira trades For 1,416/$1

NGX: Nigerian Equity Market Rebounds After N3.54trn Rise In April

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

NGX: FBN Holdings, Others Emerge Top Gainer As Market Cap Grows By 1.46%

Equity Market Sees Second Consecutive Day Of Gains, Investors Gain N303bn

Naira Depreciates Further, Trades At N1,402 Against US Dollar

Flood, Currency Depreciation, Others To Drive Nigeria’s Inflation In 2025- Report

Equity Market Sees Sell-Offs As Investors Lose N154bn

Naira Depreciates Further To N1,419/$1 As EFCC Arrest BDC Operators

Equity Market: Investors Lose N785bn In 1 Week As Market Closes In Red Zone

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Markets - Page 89

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