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Latest news on business in Nigeria - Page 8

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

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 103,659.81 points and N56.72tn, respectively, marking a 0.73% and 0.76%

February 6, 2024

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

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 causing a combined loss of N1.93bn, the Nigerian Exchange All-Share

February 5, 2024

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

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 1.63% gain, closing at 102,802.25 points from the previous day's

February 1, 2024

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 2024 has witnessed an impressive year-to-date return of 85.2%, catapulting

January 23, 2024

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

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.

January 17, 2024

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 its returns, exhibited a 1,027% capital gain throughout 2023, surpassing

January 16, 2024

Markets·News

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.

January 13, 2024

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.

January 12, 2024

Business·Markets

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

The Nigerian Exchange Group (NGX) experienced a notable shift on Wednesday, marking its first bearish trading day in 2024.

January 10, 2024

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market 

The value of the Nigerian naira dropped on Tuesday in the official Investor and Exporter window from N856.57/$ on Monday to N1089.51/$.

January 10, 2024

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Latest news on business in Nigeria - Page 8

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%

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

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market

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