News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.
Insurance firms report higher claim expenses as inflation, exchange rate bites
Cement companies report widespread foreign exchange losses
Peter Obi plans to float the naira and combat inflation
Lafarge Africa loses over N30 billion in market value
Stock market closes negative as investors lose N5 billion
NGX opens week negative with N76 billion loss
Nigerian crypto startup, Nestcoin, will lay off workers after losing assets to FTX crash
Bitcoin gains $1K as Binance announces industry recovery fund after worst week since May
Nigerians lament that prices are still high despite naira gains
Nigeria’s food and beverage companies are swimming in cash
SWOOTs capitalization down by N126 billion