Naira strengthens trades at 793.70/dollar
The naira strengthened against the US dollar by closing at N793.70/$ on the Investor & Exporter FX window on Wednesday. Reports revealed…
Economy
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 to $1. This information was obtained from…
Inflation rate hits 22.79% in June – NBS
The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the sixth consecutive time to 22.79 per cent…
Naira drops to N820/$ as FX supply shortfall continues
The naira struck a new low over the weekend, trading at N822/$ in the black market and N803.9/$ in the Investors &…
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 N257 billion as a result of losses…
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 to N803/$1 in the investor and exporter…
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 dropped as low as N788/.42/$1. According to…
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 in Lagos as part of its efforts…
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 to take the top spot among sectoral…
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 gained 1.86% as the market cap reached…
Investors gain N441bn as stock market rebounds
The Nigerian equity market rebounded strongly on Wednesday, with investors gaining N441 billion at the end of the…
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 faces numerous economic difficulties. According to information…