Market

The exchange rate between the naira and the dollar plunged to N1,419/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM), marking a disappointing start to the week. This depreciation marks...

The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase...

After days of sustained bearish trading, the Nigerian exchange recorded a 0.05 per cent increase in the All-Share Index as investors gained N26bn. The local bourse has been on a...

The bearish trading pattern maintained its grip on the Nigerian exchange on Wednesday resulting in a N673bn deduction from the wealth of investors. During the midweek trading, the All-Share Index...

Nigeria's official exchange rate dropped to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024, according to data from the FMDQ, the official trading platform for foreign exchange. This...

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange....

The Nigerian equity market was in the red zone throughout last week, as investors lost N1.57tn. According to analysts, the pullback in the domestic equity market, which has persisted for...

The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The...

At the ongoing Global Trade Review West Africa, experts delved into the reasons behind the absence of price reductions despite the recent strengthening of the naira in the FX market....

The Nigerian Exchange Group has said that it will be adopting technology to drive the capital-raising efforts of financial companies who are racing to meet the new capital requirements of...