Naira Slides as Demand Pressures Resurface in FX Market
Naira Slides as Demand Pressures Resurface in FX Market The naira slid against the US dollar as the currency market faced mild demand pressure. Demand for foreign currency grew at…
Tinubu Commends NNPCL over Warri Refinery’s Re-opening
Tinubu Commends NNPCL over Warri Refinery’s Re-opening President Bola Tinubu has expressed joy over the re-opening of the Warri Refining and Petrochemical Company (WRPC) by the Nigerian National Petroleum Company…
Nigerian Exchange Grows by N987bn to N62.90trn
Nigerian Exchange Grows by N987bn to N62.90trn The equities segment of the Nigerian Exchange (NGX) grew by more than N987 billion on Monday in a post-Santa Claus rally amidst a…
Oil Rises Amidst Demand, Supply Imbalance
Oil Rises Amidst Demand, Supply Imbalance Oil prices rose in the global commodities market on Monday amidst demand and supply imbalance. The market has seen significant fluctuation in top crude…
Tariff: Telecoms Operators to Begin Service Shedding – ALTON
Tariff: Telecoms Operators to Begin Service Shedding – ALTON The Association of Licensed Telecommunications Operators of Nigeria (ALTON) on Monday said its members would start service shedding if nothing was…
MRS Oil Hits 52-Week High after Deal with Dangote Refinery
MRS Oil Hits 52-Week High after Deal with Dangote Refinery MRS Oil market value jumped by 21% despite a short trading session in the stock market last week. The stock…
MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings
MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings MTN Nigeria Plc has again crossed N4 trillion market value in the equities segment of the Nigerian Exchange following a positive…
Investors Appetite for Financial Stocks Rise in Nigerian Market
Investors Appetite for Financial Stocks Rise in Nigerian Market Investors showed significant buying interest on some financial stocks – banking and insurance names – in the local exchange last week.…
FCMB Public Offer Records 34.3% Over Subscription
FCMB Public Offer Records 34.3% Over Subscription Diversified financial services group, FCMB Plc, has announced a decision to allot 19.802 billion ordinary shares of N0.50 each to its news shareholders…
Naira Rises as Nigeria Renews $2bn FX Swap Deal with China
Naira Rises as Nigeria Renews $2bn FX Swap Deal with China The naira saw a weekly gain in the foreign exchange markets amidst a $2 billion currency swap deal between…