Investors lose N2. 05 trn in 3 days amid profit taking
By Peter Egwuatu Investors lost N2.05 trillion in three days on the NGX due to profit-taking activities which continued, yesterday, in the Nigerian stock market. The market capitalisation, which represents the total value of equity listed the Nigerian Exchange, NGX, declined to N64.256 trillion on Wednesday from N64.302 trillion on Monday. In the same vein, another […]
I don’t belong to any political party – Obasanjo
“Some Yoruba elements in our campaign saw you as a spy. The Igbo elements on the other side saw you as a bastard”
Trump’s win: Global markets in upswing, Nigeria goes opposite direction
“A stronger dollar may drag oil prices lower as a result… bad news for major oil producing countries who acquire most of their revenues from oil sales”
Naira appreciates to N1,720/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday Similarly , the Naira appreciated to N1,671.32 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,671.32 per dollar from […]
CBN ready to use all tools to manage inflation — Cardoso
“With the reforms that are being taken right now, it will put Nigeria in a far better position to see the increase on the growth side”
Naira rises to N1,730/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend. However, the Naira depreciated to N1,670.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,670.65 per dollar from N1,600 […]
