By Sodiq Adelakun In a recent turn of events, the Nigerian Naira has plunged to a new low in the parallel market, also known as the black market, hitting a record low of N1,830 against the US dollar on Wednesday.…
Investors on the Nigerian stock market lost N729.16bn as the market closed negatively on Tuesday. The NGX All-Share Index also declined by 1.30 percent to close at 101,060.67 basis points, compared to the previous day’s loss of 3.15 percent to close…
By Sodiq Adelakun Nigeria’s currency, the Naira, saw a significant drop in value against the US dollar on February 19, 2024, with an unprecedented intra-day peak of N1,712 to the dollar. At the end of the trading day, the Naira…
Trading on the Nigerian stock market ended negatively on Monday as Investors recorded a loss of N1.82 trillion. The market witnessed a decrease of 3,329.55 points. Similarly, the NGX All-Share Index declined by 3.15 percent to close at 102,393.23 basis…
Total share value on the Nigerian Exchange (NGX) Ltd. on Tuesday dropped by N83 billion or 16.2 percent due to selloffs in the stocks of Tier-One banks. Specifically, a total of 263.19 billion shares valued at N4.30 billion were exchanged…
Nigeria’s equities market increased by 1.76 percent or about N980 billion on Wednesday, rerouting from the previous day’s negative close. The market’s positive close was driven by Airtel Africa share price which increased most by N200 or 10 percent, from…
Total share value on the Nigerian Exchange (NGX) Ltd. on Tuesday dropped by N83 billion or 16.2 percent due to selloffs in the stocks of Tier-One banks. Specifically, a total of 263.19 billion shares valued at N4.30 billion were exchanged…
UAC Nigeria Plc recorded a pre-tax profit of N12.7 billion in 2023, marking a bounce back to profit-making ways after the group recorded a pre-tax loss of N4.4 billion in 2022. According to UAC’s financial results for 2023, the group…
The equity market extended losses as all the performance indices of the Nigerian Exchange Ltd. (NGX) declined by 1.52 percent. Specifically, the All-Share Index dropped by 1,551.76 points or 1.52 percent to close at 102,108.05 as against 103,659.81 recorded on…
Nigeria’s currency, Naira/ gained against the dollar on Monday, 5th February 2024 at both the official market and the black market. The Naira appreciated/ marginally at the end of the day by 1.10 percent/ to close/ at/ N1,419.86/ to a…
