Nigeria Breaking News
The Naira yesterday appreciated to N1,565 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,515.06 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ Exchange showed that the indicative exchange rate for the naira rose to N1,515.06 per dollar from N1,511.63 per …
The Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,560 per dollar on Tuesday. But the Naira appreciated to N1,513 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,513 per …
Foreign Portfolio Investments, FPIs, inflows through the Nigerian stock market grew by 126.8 % at the end of December 2024 to N396.41 billion from N174.82 billion in the full year 2023. Investment analysts have attributed the development to the monetary policy regime of the Central Bank of Nigeria, CBN, which pushed up interest earnings on portfolio …
The federal government should award contracts only to construction companies listed on the Nigerian Exchange Limited (NGX) to enable broader wealth distribution to Nigerians. Chief Executive Officer of Nairametrics, Mr. Ugodre Obi-Chukwu, who made the assertion, noted that there should be mandatory listing of companies executing major infrastructure projects in Nigeria, including the Lagos-Calabar …
The All-Share Index fell by 0.15%, ending the month below its opening level in November, as price movements struggled to establish an upward trend. This is the first time the All Share Index has closed the month of November in red since 2018 snapping a 5-year winning streak By the close of trading on November …