Investors Gain N8bn as Stock Market Closed Positive Financial services once again led the way as the Nigerian Exchange closed positive with a marginal gain of N8bn for investors. The All-Share Index went up by 0.02 per cent higher to close at 59,014.85 index points when...

Naira Falls to 770.38/$ at Official Market The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor & exporter forex window on Monday. According to figures obtained from the FMDQ on Monday, the trading rates had closed...

Stock Investors Generate N1.7trn In One Week   Investors made N1.7tn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and Market Capitalisation appreciated by 5.49 per cent to close the week at 59,000.96 and N32.126tn respectively. All...

Oil Marketers Demand Release Of N30.96trn Fuel From NNPCL   As the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release of their outstanding supplies of Premium Motor Spirit otherwise known as petrol worth N30.96 trillion by...

External Reserves Shed $438m As Naira Appreciates To N663.04/$   The external reserves fell by $438 million in the first two weeks of June to $34.66 billion, maintaining the downward trend from last month. Data from the Central Bank of Nigeria, CBN, showed that the reserves stood...

South African Rupert Displaces Dangote As Africa’s Richest   President Dangote Group, Aliko Dangote, has been overtaken as African richest man after his net worth dropped by 20.7 per cent. It was amid the naira devaluation implemented by the Central Bank of Nigeria (CBN), Forbes Billionaire Ranking...