- FinCEN Announces Withdrawals of Proposed Digital Asset Related Rules
- Naira Gains as Nigeria’s Foreign Reserves Near $55 Billion
- Sterling Financial Holdings Set to Resume Trading After 10-Day Suspension
- FirstHoldCo Shrinks by 5% on Pre-Earnings Sell Pressure
- Central Bank Sells N3.3tn in Nigerian OMO Bills to Investors
- CBN Begins Q4 Auction, Opens N900bn Treasury Bills for Sale
- Stockholders Lose N256bn as FirstHoldco, Unilever, Honeywell Dip
- XRP Establishes Price Floor Ahead of Evernorth Nasdaq Listing
Economy
Global equities markets rose as expectations for U.S. Federal Reserve rate hikes eased, with technology and AI stocks
NGX Drops as Investors Dump Shares in Big Banks The Nigerian Exchange (NGX) All-Share Index…
Buying interest in FCMB and Jaiz Bank drove the banking index higher on the Nigerian Exchange despite significant profit-taking.
For the fifth trading session, the naira declined against the US dollar amid tightening liquidity, driven by the Apex Bank’s efforts to prevent the local currency from gaining momentum.
The Nigerian Exchange (NGX) Ltd. has raised concerns over sharp and unusual price movements in shares of some listed companies in recent trading sessions.
The Nigerian naira falls for the fourth consecutive trading session in the foreign exchange market, as the Central Bank’s large US dollar purchases signal a move to curb a strong local currency.
Nigerian Exchange (NGX) market capitalisation inched near N126 trillion on Monday, as equities investors gained more than N791 billion in an ongoing bargain hunting.