Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Nigerian Breweries, Stanbic Bank lead the Bears, Investors lose N24.7 billion
Market turnover finished lower compared to the previous trading session.
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Gold futures reach two-months high over rising COVID-19 cases
Gold futures kept the momentum up as more investors turned to the safe-haven asset.
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Oil plunges as worries over demand outweigh tighter supply
OPEC+ has not decided on whether to extend the record supply cut of 9.7 million barrels per day.
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U.S dollar stands firm, foreign exchange traders remain neutral
Some currency traders expect sentiments to be risk-averse in this coming week.
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Bitcoin is scarce as entities, individuals hold for long term
Although retail traders are responsible for 96% of transactions, professionals move the bulk of the volume.
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Japaul Oil & Maritime Services plans to invest in gold mining
The company's name will be changed from Japaul Oil & Maritime Services to Japaul Gold and Ventures Plc.
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Naira expected to be under pressure until backlogs for FX payments are cleared
The foreign reserves stood at $36.33 billion droppings by $119.25 million, week on week.
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Seplat reveals new shareholder with over 5% equity
Sustainable Capital Africa Alpha Fund acquired a direct shareholding of 30,071,128 units from Seplat Petroleum
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Union Diagnostic blames “ERP Implementation” for delay of 2019 result
The company expects the accounts to be ready June 29, 2020.
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Naira falls against the dollar across forex markets as liquidity drops by 43%
Forex turnover dropped from $66.61 million on Thursday to $38.12 million on Friday.
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