Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Sluggish PENCOM drag as RSA holders face loss of value to Naira depreciation
As pension funds binge on FGN bonds and treasury bills, they face the risk of pissing away pension fund valuations...
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SWOOTs capitalization down by N1.58 trillion
Airtel Africa Plc’s share price fell drastically during the week from N1,800.00 to N1,312.20
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Airtel, Beta Glass, NEM Insurance lose N2.4 trillion to top the week’s losers
The NGX All-Share-Index and Market Capitalization depreciated by 6.67% to close the week at 44,396.73 and N24.182 trillion, respectively
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FUGAZ investors gain N50 billion during the week
The FUGAZ banks make up over 70% of the NSE Banking Sector index and as such influence the performance of...
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NGX closes positive with the market cap up by N35 billion
The SWOOTs capitalization closed positive, driven by changes in BUACEMENT at the end of the trading session
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Oil and gas gains help Nigeria’s stock market maintain bullish run in first 9 months of 2022
The Oil and Gas Index comprises seven well-capitalized and liquid companies in oil and gas marketing namely ARDOVA, CONOIL, ETERNA,...
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What to do with the naira as inflation hit a 17-year high
The main plan of action should be how to protect your finances from inflation-related devaluation
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5 tier-1 banks report N49 billion gains in four days amid interest rate hike
Rising interest rates are generally good news for bank stocks because it helps them to expand their net interest margins
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Africa Prudential’s profit grows by 12% to N1.29 billion in nine months
The company’s profit was driven by a significant increase in revenue from contracts with customers and interest income
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Naira falls to N755/$1 at the black market
This is according to information from black market operators interviewed by Nairametrics
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