24 Aug

Barely a week after it started recording some gains, naira appears to have resumed free fall, touching N900/$ at the parallel market. The local currency recorded some gains after President Bola Tinubu met with the Central Bank of Nigeria …

25 Aug

The Nigerian equities market reversed gains to close on a downturn, yesterday, as many blue-chip stocks, especially Presco and Northern Nigeria Flourmills (NNFM), depreciated, causing market capitalisation to dip by N50 billion. Market capitalisation of listed equities decreased by 0.14 percent to N35.794 trillion from N35.844 trillion reported on Wednesday. The all-share index, which measures…

28 Aug

.As dollar continues to trade above N900/$ at black market FMDQ Securities Exchange has posted a total turnover of $417.9 million in its foreign exchange (FX) spot and derivatives market segment for the week ended August 25, 2023. The figure represents a decrease of 32.61 per cent ($202.2 million) from $620.1 million reported for the…