Browsing: Bnak

Naira Rallies on $60m Interbank FX Turnover

Naira Rallies on $60m Interbank FX Turnover

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The naira rallied against the US dollar at the Nigerian foreign exchange market (NFEM) on Monday, reflecting improved liquidity in the official window. The naira climbed to N1365, according to the daily FX published by the Central Bank of Nigeria, from N1374.94 at last week’s close.

FBN Holdings Spikes as Investors Price in Impressive Earnings

FBN Holdings Spikes as Investors Price in Impressive Earnings

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FBN Holdings Plc climbed by more than 10% in the equities segment of the Nigerian Exchange, NGX, over a fresh rally that lasted for 4 out of five trading sessions last week. According to trading data from the NGX platform, Ticker: FBNH surged to N33 following an unusual volume of shares traded on the equities platform, reflecting its strong liquidity.