Nigerian Equity Market Continues Bearish Run As Investors Lose N481bn
Nigeria’s equity market faced a daunting setback as investors lost N481 billion in a single trading day, largely attributed to […]
Markets
News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.
NGX: Subdued Trading Activity Leads To Depreciation As Market Cap Declines To N55.87trn
Investors on the Nigerian Exchange experienced a tepid trading session on Wednesday, resulting in a marginal decline in market capitalization
Fed Hawkish Tone Propels US Dollar Amidst Rate Cut Speculations
In a dynamic market landscape, the US Dollar Index (DXY) held its ground at 104.15 on Wednesday, as investors digested
US Dollar’s Decline Mirrors Shifting Sentiment Amid Fed Comments, Treasury Yield Movement
The US Dollar (USD) experienced a notable decline, marked by the DXY falling to 104.20, amidst a backdrop of evolving
Oil Market Needs $14trn In Investment- OPEC’s Secretary General
In a compelling revelation at the India Energy Week in Goa, OPEC’s Secretary General, Haitham al-Ghais, underscored the imperative of
NGX: Market Capitalization Dips As BUA Cement, Others Take Tumble
In a downward spiral, the Nigerian Exchange witnessed a setback as losses incurred by key players, including BUA Cement, Sterling
Naira Depreciates To N1,433 At Official Market As Banks Sell For $584
In a dynamic twist of events, the Nigerian Autonomous Foreign Exchange Market witnessed a surge in foreign exchange transactions, reaching
NGX: Equity Investors Grapple With N437bn Loss As ASI Dips To 103,649 Points
Equity markets experienced a challenging start to the week as investors grappled with a significant loss of N437bn. The All-Share
Naira Rebounds At Official Forex Window To N1,419/$, Despite Lingering Parallel Market Concerns
In a surprising turn, the naira displayed resilience at the official forex window, appreciating by 1.09% to close at 1,419.86/$.
Gold Faces Downward Pressure Despite Surging To $2,060 – TD Securities Anticipates Correction Amidst Strong US Job Data
Gold, which recently reached heights surpassing $2,060, witnessed a sharp decline in response to a robust US labor market report,