The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said this at…
The Nigerian Exchange Ltd., (NGX) on Friday recorded the first gain of the week appreciating marginally by 0.06 per cent due to bargain hunting in some large and medium stocks. Accordingly, the market capitalisation gained 17 billion to close at…
The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N421.25 to the dollar, a 0.30 per cent appreciation against N422.50 traded on Thursday. The open indicative rate closed at N419.34 to the dollar on Friday. An…
The Nigerian Exchange Limited (NGX) intends to launch a blockchain-enabled exchange platform next year in order to expand trade and attract new investors. The move follows the Nigerian Securities and Exchange Commission’s establishment of legislation to regulate trade in digital…
Investors traded N6877.1billion worth of fixed income on the Nigerian Exchange Limited (NGX) in May when its market capitalisation increased to N22.44 trillion from N21.75 trillion reported in April. Despite a 12.12 per cent increase in total deals to 74…
TotalEnergies Marketing Nigeria Plc has projected to achieve N72.246 billion in revenue for the third-quarter ending September 2022. In its forecast of the statement of profit or loss and other comprehensive income obtained from the Nigerian Exchange Limited (NGX), the…
By Philemon Adedeji Trading activities in the Nigerian equities market which started declination on Wednesday still continue on declines yesterday to N13 billion from N42 billion it closed trade on previous trading day as investors booked profit in Transcorp, Guaranty…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) which has been maintaining upward trajectory since the close of trade last week Friday turn red yesterday by the following stocks, Champion breweries, Cornest,Etranzact and others, the cause of…
Femi Otedola offloads 834m shares of FBN HoldingsOne of Nigeria’s most respected bank holding companies, FBN Holdings announced its largest single shareholder Femi Otedola has sold down about 834 million shares of FBN Holdings in a deal valued at about…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) which opened the week in good performance closed marginally on positive note for the second day of the week as, All shares index gained 184.42 basis points. The Nigerian…
