Markets

Markets

Explainer: What is pushing the Nigerian naira to record lows?

BusinessDay Oct 30, 2023

Nigeria’s naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999...

Markets

Naira gains as dollar liquidity rises by over 100%

Hope Moses-Ashike Oct 28, 2023

The foreign exchange (FX) market ended the five trading days with the naira closing strong against the dollar across the...

Markets

Stock market rises by 0.33% in week ended October 27

Iheanyi Nwachukwu Oct 27, 2023

In the trading week ended Friday October 27, Nigeria’s equities market rose by 0.33 percent as investors positioned in value...

Markets

MSCI to reclassify Nigeria indexes from Frontier to standalone markets status

Iheanyi Nwachukwu Oct 27, 2023

MSCI Incorporated, a leading provider of critical decision support tools and services for the global investment community has announced that...

Markets

Haldane McCall sets Q1 2024 for NGX listing by introduction

Iheanyi Nwachukwu Oct 26, 2023

Haldane McCall Plc, a leading company in the real estate and hospitality industry in Nigeria is warming up to join...

Markets

Market sheds N6bn despite investors interest in banking stocks

Iheanyi Nwachukwu Oct 25, 2023

The stock market failed to sustain previous day’s gain after it dropped slightly by 0.02 percent or N6billion on Wednesday....

Markets

Investors scoop up Access, Fidelity, UBA stocks ahead of Q3 scorecards

Iheanyi Nwachukwu Oct 25, 2023

Nigeria’s stock investors are seen scooping up banking stocks seen trading at low prices preparatory to the release of their...

Markets

FX pressure worsen as naira hit N1,310/$ on black market

Hope Moses-Ashike Oct 24, 2023

Naira on Tuesday fell to a record low of N1,310 per dollar following strong demand on the parallel market, also...

Markets

NGX, partners say Single Stock Futures to deepen market

Iheanyi Nwachukwu Oct 24, 2023

Nigerian Exchange Limited (NGX) has held a workshop to inform market stakeholders about NGX’s Single Stock Futures product launch and...

Markets

Flour Mills, Geregu, others cause stock market’s first gain this week

Iheanyi Nwachukwu Oct 24, 2023

…GTCO grows Q3 profit by 181.9% Nigeria’s equities market which had taken off this week on a negative note rerouted...

Markets

Naira now exchanges with dollar at N1,235

Hope Moses-Ashike Oct 24, 2023

Naira on Tuesday fell to a record low of N1,235 per dollar following strong demand on the parallel market, also...

Markets

Market sees negative start to new week on FX, inflation concerns

Iheanyi Nwachukwu Oct 23, 2023

Nigeria’s equities market kicked off a new week in red (down by 0.06percent or N22 billion) as investors continued to...

Markets

Naira falls to all-time low of N1,210/$ on demand pressure

Hope Moses-Ashike Oct 23, 2023

On Monday, the foreign exchange (FX) market resumed trading after the weekend, with naira hitting an all-time low of N1,210...

Markets

Naira ends week with loss amid 83.94% liquidity rise

Hope Moses-Ashike Oct 21, 2023

Naira ended the five trading days of the week with a loss of 3.78 percent despite increased dollar liquidity of...

Markets

Equities market drops by 0.42% in week ended October 20

Iheanyi Nwachukwu Oct 20, 2023

…Courteville shares on full suspension ahead of delisting In the trading week ended Friday October 20, Nigeria’s equities market decreased...