Market Cap Climbs to N155.59trn as NGX Rebounds
The Nigerian equities market closed the mid-week trading session bullish on Wednesday, as an aggressive wave of bargain hunting wiped out earlier performance jitters and drove market valuation to historic highs.
The total market capitalisation of the Nigerian...
Naira Rises to N1,400 per Dollar in Parallel Market
The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,405 per dollar on Tuesday.
But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from...
NNPC Halts Crude-Backed Loans to Finance PH, Warri Refineries
The Nigerian National Petroleum Company Limited (NNPCL) has said it is ending the practice of financing the Port Harcourt and Warri refineries with loans backed by crude oil production, opting instead for a performance-driven funding model...
N100 Banknotes Still Very Valid, Says CBN
The Central Bank of Nigeria (CBN) has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100 banknote, declaring that the currency remains a valid medium of exchange across the...
Oil Surges Past $80 as Trump Rekindles Iran Tensions
Oil prices surged to $80 per barrel after the United States President, Donald Trump, declared that the interim ceasefire agreement with Iran was officially over.
According to data from oilprice.com, Brent crude rose from $72 to $74...
Dangote’s N45 Dividend to Pump Billions into NGX
Investors in the Nigerian equities market are gearing up for a significant liquidity boost this week as the landmark N45.00 per share dividend payout from Dangote Cement Plc hits investors’ bank accounts, injecting billions of naira in...
