Nigeria recorded a transaction value of $32.3 billion in forex turnover in 2021 on the Investors and Exporters Window (I&E) where forex is sold officially. This is according to data on the FMDQOTC collated daily over the last two years…
The nation’s bourse rebounded on Friday to close the last trading day of 2021 with a growth of N471 billion due to gains posted by some blue chips. Speficially, the market capitalisation inched higher by N471 billion or 2.16 per…
The Nigerian Stock Exchange All Share Index closed the year 2021 with a 6.07% gain. The All Share Index opened the year 2021 at 40,270.7 and closed with 42,716.4 points at the close of trading on December 31st, 2021, representing…
The nation’s bourse rebounded on Friday to close the last trading day of 2021 with a growth of N471 billion due to gains posted by some blue chips. Speficially, the market capitalisation inched higher by N471 billion or 2.16 per…
Vitafoam Plc has filed its audited financial statement for the year ended September 30, 2021, revealing a 51.02% growth in revenue from N23.44 billion recorded in 2020 to N35.40 billion. The consumer goods company, reported a profit after tax of…
The suspension placed in the trading of equities of NEM Insurance Plc has been lifted by the Nigerian Exchange (NGX) Limited, a circular from the bourse has confirmed.( The embargo was removed following the conclusion of the share capital reconstruction…
Norrenberger Advisory Partners Limited, a financial services firm in Nigeria has commenced process for the acquisition of International Energy Insurance, IEI, following NAICOM’s nod for the acquisition of 100% equity of the insurer. This was contained in a disclosure signed…
Naira has recorded significant gain at the parallel market on Thursday as it rose to N560/$1 in the early hours of Thursday, 30th December 2021. This is according to information obtained by Nairametrics from Bureau De Change operators in Lagos…
The recapitalisation of the Nigerian Commodity Exchange to the tune of the N50 billion by the Nigerian Government may just be out of place without the relevant polices to drive to the exchange. As a result, the Nigeria Commodity Exchange…
The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit taking. Speficially, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08 per cent to close…
