Investors Gain N296bn from Stock Trading Amid Rise in Inflation
Dipo Olowookere By Dipo Olowookere A 0.50 per cent growth was recorded by the Nigerian Exchange (NGX) Limited on Friday…
Economy
Five Stocks Buoy NASD OTC Exchange by 1.26%
Adedapo Adesanya By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.26 per cent rise on Friday, November…
Naira Trades N1,652/$1 at Official FX Market
By Adedapo Adesanya The value of the Naira to the US Dollar depreciated by 0.12 per cent or…
Oil Market Slumps on Weak Chinese Economic Outlook
By Adedapo Adesanya The oil market closed lower by more than 2 per cent on Friday due to…
Nigeria Plans Another $2.2bn External Borrowing Before Year End
By Adedapo Adesanya Nigeria will be seeking to borrow $2.2 billion from external bodies, including a potential Eurobond…
Dangote Cement Plans Fresh Bond Sale to Refinance Debt
By Dipo Olowookere One of the top cement makers in Nigeria, Dangote Cement Plc, may again approach the…
Inflation Rises to 33.88% in Nigeria as Food Inflation Hits 39.16%
Modupe Gbadeyanka By Modupe Gbadeyanka The National Bureau of Statistics (NBS) on Friday said inflation in Nigeria increased by 1.18…
SEC Proposes N20m Penalty, 10-Year Jail Term for Ponzi Scheme Operators
By Adedapo Adesanya Nigeria’s Securities and Exchange Commission (SEC) has said that the Investments and Securities Bill (ISB)…
NASD Exchange Falls 0.28%
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange was pulled down by 0.28 per cent on Thursday,…
Naira Depreciates to N1,650/$1 on Weak Forex Liquidity
By Adedapo Adesanya The Naira depreciated against the US Dollar on Thursday, November 14, in the Nigerian Autonomous…