- NGX All Share Index Rises, FirstHoldco Drives Trading Volume
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News
The Nigerian Exchange (NGX) All Share Index (ASI) inched higher on Friday following a soft rally, while FirstHoldco accounted for about 50% of all shares traded in the local bourse.
The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.
Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc, has filed two suits against Wema Bank Plc at Federal High Court in Lagos over disputed Banana Island properties, valued at N125.38 billion and an alleged unauthorised payment of N401 million
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The International Finance Corporation (IFC) says it would immediately send a mission to Nigeria to explore scalable investment structures that could unlock private capital into the sector.
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