Finance & Economy
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Investors Gained N26.64bn as NGXASI Advanced by 0.05%; BDC Rate Depreciated to N1,330/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed positively, gaining 48.0 basis points. However, market breadth was negative.…
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Official exchange rate falls 17.4% in 5 days, hit month to date low of N1300/$1
Nigeria’s official exchange rate fell to a month to date low of N1,300/$1 on Tuesday April 23, 2024 according to…
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Investors Lost N673.16bn as NGXASI Declined by 1.20%; BDC Rate Depreciated to N1,274/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed negatively at 1,190.24 points but had a positive market breadth.…
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EFCC freezes 300 accounts over illicit forex trading, says naira would have crashed in one week
The Economic and Financial Crimes Commission (EFCC) says it has frozen over 300 accounts on suspicion of being linked to…
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Official exchange rate crashes to 6-day low as reserves fall
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure…
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First Bank appoints Olusegun Alebiosu as acting CEO
First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective…
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Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
The Federal Government has set aside N16.1 billion monthly for the settlement of N1 trillion debts owed by state governments.…
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Naira stays stronger at black market amid a mixed bag of U.S economic data
The Nigerian naira held its value against the US dollar in the black market, but it slightly declined in the…
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External Reserves: Cardoso says CBN not defending Naira
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has addressed concerns over the declining external reserves, maintaining…
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Rising inflation, weak earnings push 10 million Nigerians into poverty in 2023 – World Bank
Rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023, according to the World Bank in…
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