Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Weekly Stock Update: Nigerian Exchange Group records 1.26% growth w-o-w
This brings the month-to-date performance of the Nigerian stock market to 1.04% and a year-to-date gain of 12.73%
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Jumia lays out 5 steps plan to dig out of $1.5 billion in accumulated losses
African e-commerce Group, Jumia has laid out 5 strategic steps the business will be taking as it moves to return...
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Quick Take: NGX approves NPF Microfinance Bank’s free float compliance extension
Companies listed on the Main Board of the NGX are required to comply with the free float requirement
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Investors gain N271 billion as Stock Market ends the week positive
The All Share Index (ASI) increased by 1.04% to close at 48.154.65 points
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World Bank estimates $20.9 billion in remittance inflow for Nigeria in 2022
Foreign remittance into Nigeria is estimated to hit $20.9 billion by the end of 2022, compared to $19.5 billion in...
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Nigerian banks invest additional N1.55 trillion in Treasury Bills in one year
The treasury bills rate has witnessed a significant increase in recent times on the back of multiple MPR upward adjustments...
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Q3 2022: Ecobank Plc reports 2% increase in pre-tax profits
Net profit dropped following a rise in operating expenses
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Cutix Plc boosts half-year revenue by 27% through cable/wire sales
The company's pretax profit grew by 4% to N546.800 million
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Nigeria’s central bank sells $9.4 billion in forex in 6 months
The Central Bank of Nigeria sold a total of $9.4 billion in forex in the foreign exchange market first 6...
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Stock Market closes negative with market cap down N2 billion
As of the close of the market on Thursday, the stock market value stood at N25.9 trillion
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