- Naira Falls as Nigeria’s Bonny Light Crude Plunges by 11%
- Nigerian Stock Market Cap Shrinks N2.42trn to N148.91trn
- Stock Market Shrinks Below N149trn over 3-Day Losses
- Ripple XRP Climbs on EU Market Optimism, Institutional Appetite
- Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official
- Oil Prices Lower as Saudi Arabia, Iran Ramp Up Exports
- Dogecoin Price Rises as SpaceX Inches to Join Nasdaq 100
- GCR Upgrades FCMB Ratings to A/AI, Outlook Stable
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Oil prices started the day with a 0.64% increase compared to Monday’s closing, ahead of…
The equity segment of the Nigerian Exchange (NGX) recorded a loss of N78 billion Tuesday…
“I’m not a social worker, so why should I have to care if staff are happy? I only care about the bottom line…
Despite general slowdown in global economic activities triggered by Russia-Ukraine war following a moderate
The end of the third quarter of 2022 saw growth gather momentum in the Nigerian private sector…
The Nigerian local currency, the naira, depreciated by about 6% at the Investors and Exporters foreign exchange…
Moody’s Investors Service has downgraded the Government of Ghana’s long-term issuer and senior…
The Great Britain Pounds –the sterling- edged higher to approach $1.12 on the first trading day…
There is no respite for the Nigerian local currency, the naira, as exchange rates worsen across foreign exchange…
NGX Rises as Value Hunters Take Positions The equities segment of the Nigerian Exchange, NGX, gained about N8 billion in value as value hunters in the local bourse take positions on growth, and value stock from fundamentally sound and attractive listed companies. Trading data from the local exchange revealed that the year-to-date return widened to 14.77%, though the benchmark declined by a marginal 0.01% week on week to 49,024.16 points. In terms of market return, stockbrokers told MarketForces Africa that market return slowdown from 16.7% in August to about 14.85 at the end of September 2022. The trading pattern looks…