Latest news on business in Nigeria – Page 3 of 23

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Market Cap Suffers N849bn Loss As Key Players Dip

The Nigerian Exchange witnessed a downturn on Tuesday, with losses recorded across major players including BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC, and The Initiates. The market saw a

Emmanuel Ochayi

3 months ago

Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge

Emmanuel Ochayi

3 months ago

Business·Markets

Equity Investors Lose N437bn As ASI Closes At 103,649 Points

Equity investors navigated a challenging Monday, witnessing a loss of N437bn due to sell-offs in select stocks. The All-Share Index and market capitalization at the Nigerian Exchange reflected the downturn, closing at

Emmanuel Ochayi

3 months ago

NGX: Nigerian Equity Market Rebounds With N812bn Rise In April

Business·Markets

NGX: Equity Market Earns Weekly 1trn Gain

In a week that saw financial markets oscillate, Nigeria’s trading landscape concluded on a triumphant note as investors celebrated a collective gain of N1.12tn. Despite grappling with two days of bearish trends

Emmanuel Ochayi

3 months ago

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

Business·Markets

NGX: GTCO, CHAMS, Others Lead Gainers As ASI Bounces Back With 1.63% Gain

NGX witnessed a bullish resurgence today, marking a departure from the bearish trend earlier in the week. Banking stocks took the lead in this spirited rally, propelling the All-Share Index to a

Emmanuel Ochayi

3 months ago

Business·Markets

NGX: Dangote Cement Becomes First Nigerian Company To Surpass N10trn Market Cap Milestone

Dangote Cement Plc has become the first Nigerian company to achieve a market capitalization exceeding N10 trillion, as its shares surged by 9.99% today, closing at N592.60. The company’s stellar performance in

Emmanuel Ochayi

4 months ago

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

Business·Currency

Naira Hits New Record Low At N1,320/$1

Naira plummeted to an unprecedented low of N1,320 per dollar on Wednesday, marking a 3.03% or N40.00 drop from the previous day's close at N1,280.

Emmanuel Ochayi

4 months ago

Business·Markets

NGX: Transcorp Hotels Plc Hits N1trn Market Capitalization

In a feat, Transcorp Hotels Plc has secured its position among Nigeria’s market leaders by reaching a market capitalization of N1 trillion on the Nigerian Exchange Limited. The hospitality giant, known for

Emmanuel Ochayi

4 months ago

NGX Anticipates Bullish Surge In Penny Stocks, Sterling Financial, JapaulGold Shines

Afrinvest's FY 2023 Review and 2024 Outlook report has pinpointed promising prospects for penny stocks on the Nigerian Exchange Limited, particularly those priced below or around N5 per unit.

Emmanuel Ochayi

4 months ago

Business·Markets

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

The Nigerian Exchange Limited witnessed a bullish resurgence, closing in the green zone on Thursday and earning investors N313 billion.

Emmanuel Ochayi

4 months ago

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Latest news on business in Nigeria - Page 3

Market Cap Suffers N849bn Loss As Key Players Dip

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

Equity Investors Lose N437bn As ASI Closes At 103,649 Points

NGX: Equity Market Earns Weekly 1trn Gain

NGX: GTCO, CHAMS, Others Lead Gainers As ASI Bounces Back With 1.63% Gain

NGX: Dangote Cement Becomes First Nigerian Company To Surpass N10trn Market Cap Milestone

Naira Hits New Record Low At N1,320/$1

NGX: Transcorp Hotels Plc Hits N1trn Market Capitalization

NGX Anticipates Bullish Surge In Penny Stocks, Sterling Financial, JapaulGold Shines

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

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