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Business
The naira destiny has been successfully tied to hot money equation – high interest rate can only broing foreign capital
The Nigerian local currency, the naira, gained against the US dollar at the official foreign exchange market amid a surge in FX liquidity.
CBN Approves N2.2trn OMO Bills Allotment to Investors The Central Bank of Nigeria (CBN) raised…
Nigerian Exchange Opens Negative, Investors Lose N275bn The equity segment of the Nigerian Exchange (NGX)…
Stock Market: Profit-Taking, Liquidity Rotation, Oil Risk Define Nigeria’s Week Ahead As the Nigerian financial…
MTN Nigeria Plc lost 6.46% of its market value, equivalent to N1.028 trillion, amid large-scale selloffs on the Nigerian stock market. The telco company’s market value plunged as investors dumped shares on the Nigerian Exchange, according to trading data tracked by MarketForces Africa.
The market value of Zenith Bank Plc.’s 41.069 billion outstanding shares increased by approximately 8%, reaching N4.569 trillion, following a rapid rally that aligned with broader market trends last week.