Category: Economy

Naira strengthens trades at 793.70/dollar

The naira strengthened against the US dollar by closing at N793.70/$ on the Investor &...

Exchange rate hits N860/$1 on black market

The naira-to-dollar conversion rate on the black market has been listed as high as N860...

Inflation rate hits 22.79% in June – NBS

The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the...

Naira drops to N820/$ as FX supply shortfall continues

The naira struck a new low over the weekend, trading at N822/$ in the black...

Equity market drops by N257bn as First Bank, others record losses

The market capitalization of the local exchange ended last week at N34.069 trillion, down by...

Exchange rate drops N803 per dollar at I&E window

On Friday, July 15, 2023, the exchange rate between the dollar and the naira decreased...

Naira slumps N788 against dollar in I&E window

On the I&E window during trade on Tuesday, July 11, 2023, the naira/dollar exchange rate...

ICAN, NGX partner to improve market regulation, protect investors

NGX Regulation Limited signed a Memorandum of Understanding with the Institute of Chartered Accountants of Nigeria yesterday...

NGX emerges best performing banking index, gains 9.82%

With a gain of 9.82%, the banking index ended the week on a high note...

Local unlisted securities gain 1.86% as market cap hits N1.1tn

The Nigerian Exchange Limited appears to be moving quickly as some local unlisted securities have...

Investors gain N441bn as stock market rebounds

        The Nigerian equity market rebounded strongly on Wednesday, with investors gaining...

Nigeria to pay off $500 million Eurobond loan in July – DMO

Nigeria is set to redeem a $500 million Eurobond this month, although the country still...