Section

MARKETS

News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.

Currencies 1 min
Official exchange rate closes week at N1,548.25/$1 as CBN takes action against illicit activities  
By Chris Ugwu
Fixed Income 1 min
Money Supply: CBN sells N1 trillion OMO Bills at record high 21.5%
By Sami Tunji
Equities 1 min
NGX loses N672 billion as MTN, BUA lead selloffs  
By Morenikeji Alabi
Breaking News 1 min
CBN revokes operational licenses of 4,173 BDCs 
By Aghogho Udi

More Stories

Breaking News

Transcorp Power to list on the NGX at a N1.8 trillion market cap 

Cryptos

Forex crisis: FG slams $10 billion fine on Binance

Equities

Nigerian equities market sees loss of N650 billion in February amid profit takings, rate hike 

Markets

Airtel Africa begins $100 million share buy-back programme  

Blurb

Why MTN Nigeria’s shareholder funds wipe out is not a major concern for shareholders

Breaking News

Dangote Cement reports N455.6 billion profit despite incurring N164 billion in FX Losses. 

Currencies

U.S dollar set for first weekly fall in 2024 while naira shows momentum

Breaking News

MTN Nigeria incurs N740 billion in forex losses, shareholders funds wiped out

Company Results

Lafarge Africa reports N51.1 billion profits despite incurring N21 billion in FX losses

Company Results

BUA Cement 2023 profit declines 31% to N69.45 billon due to FX losses