Tag: FMDQ

Business

FMDQ grants CEO Bola Onadele shares worth N9.9bn

FMDQ Group Plc has awarded Share Appreciation Rights to its senior leadership, according to its 2024 annual report disclosed to investors and the public. The report reveals that the Chief Executive Officer was granted 1.3 billion shares valued at N9.9 billion, representing 5 per cent of the company’s total shareholding. Additionally, executive management, designated as […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
News

Naira appreciates to N1245/$ in parallel market

The Naira on Friday appreciated to N1,245 per dollar in the parallel market, from N1,250 per dollar on Thursday. The naira also appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,251.05 per dollar. NAFEM’s implied exchange rate on Thursday was N1,251.05 per dollar as against N1,255.07 at the beginning of the week indicating an […]

Equity investors lose N1.5tn as bond yield rises
News

Naira weakens at stock market, drops to N463 – Report

On May 10, the Naira fell against the US dollar, trading at N463.02/$1 in the Investors and Exporters window of the foreign exchange market. According to BusinessPost, data from FMDQ Securities Exchange showed that the local currency suffered a loss of 77 kobo, or 0.17 percent, when it was traded on Tuesday at the spot […]