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Banking Sector Lead Losses On Equities Market WoW
Owing to the continued dumping of its shares in the wake of the recapitalisation drive by the Central Bank of Nigeria (CBN), the NGX Banking index led the losses by 11.46 per cent week on week on the stock market segment of the Nigerian…
Naira Falls To N1,140/$ In Parallel Market
The Naira has depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar on Thursday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,169.99 per dollar.
Data from FMDQ showed…
ETI Repays $500m Eurobond
Ecobank Transnational Incorporated's (ETI) said it has successfully repaid its maturing $500 million 5-year Eurobond on Thursday.
This bond, which is its inaugural Eurobond issuance in April 2019, was warmly received by a…
Equities Market Depreciated By N1.11trn In One-Day
For the eight-consecutive session, the Nigerian equities market extended its losing streak as the benchmark Index closed 1.93 per cent weaker, the biggest single day decline so far in April to close below the 100,000 mark.
The Nigerian…
Equities Market Sustains Downturn, Dips N304bn
As the new week unfolds on Monday, the equities market continued its downward trajectory, with share prices continuing to decline amidst prevailing bearish market sentiment.
The Nigerian Exchange Limited All-Share Index (NGX ASI) shed…
New NiMRA President, Adeoye Pledges Pursuit Of Excellence In Marketing Research
A business consultant, Seyi Adeoye, has been elected the President of the Nigerian Marketing Research Association (NIMRA), pledging pursuit of excellence in Marketing Research.
In a statement on Tuesday, Adeoye, who is the Chief…
Equities Market Down N221bn On Investors’ Profit-taking In GTCO, 23 Others
The equities market on Monday commenced on a bearish, as the overall market capitalisation shed N221 billion amid sell-offs in Guaranty Trust Holding Company (GTCO) Plc and 23 others.
The Nigerian Exchange Limited All Share Index (ASI)…
Equities Market Drops N623bn As Banking Sector Recapitalisation Dominates
The equities market depreciated by N623 billion Week-on-Week (WoW) as investors contended with the potential implications of the recently announced banking recapitalisation plans by the Central Bank of Nigeria (CBN).
As the market…
NGX, Others Take 75% Of Ethiopian Securities Exchange
Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa, and other institutional investors have injected funds giving them 75 per cent of the Ethiopian Securities Exchange (ESX), and control of…
Naira On Steady Rise, Appreciates 0.62% To N1,255.07/$
The Naira on Thursday appreciated by 0.62 percent in the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at a rate of N1,255.07 against the dollar.
The local currency at the FMDQ Exchange recorded a high and low,…