Market

In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to...

The Association of Bureaux de Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for recalling Bureaux De Change (BDCs) into the mainstream forex market, attributing...

Analysts have stated that the decision of the Monetary Policy Committee to raise the benchmark interest rate by two per cent to 24.75 per cent would make the equity market...

The Nigerian equity market continued its bearish run on Monday, losing N289bn due to sell-offs. The All-Share Index declined by 0.49 per cent as the year-to-date return went down to...

Equity market investors lost about N248bn last week due to a decline suffered by Julius Berger (-17.15 per cent), MTN Nigeria (-12.25 per cent), PZ Cussons (-10 per cent) and...

Global equity market capitalisation increased by 13 per cent or over $13tn in 2023, according to a report from the World Federation of Exchanges. The report, the 2023 Market Highlights,...

In 2023, the global equity market experienced a remarkable surge, with its capitalization witnessing a substantial 13% increase, totalling over $13 trillion, according to a recent report released by the...

President Bola Tinubu has pledged to maintain the momentum in strengthening the Naira against major currencies, assuring Nigerians of its sustainability. This assurance was conveyed by Ajuri Ngelale, the Special...

The Naira-to-dollar exchange rate rose to N1,431/$, bringing the week to a close on a positive note. According to data from the FMDQOTC, where the exchange rate is officially set,...

Chief Financial Officers (CFOs) of Nigerian companies are grappling with significant losses stemming from the devaluation of the naira, prompting them to seek alternative revenue streams to mitigate these losses....