FX market trading jumps 22% in June – Report
FX market trading jumps 22% in June – Report Activity in the Nigerian foreign exchange market experienced a significant surge in the final week of June, with total turnover climbing by more than 22 per cent, driven by a sharp... Read More →
Stocks rise, oil edges up as US, Iran agree to halt attacks
Stocks rise, oil edges up as US, Iran agree to halt attacks Asian stocks mostly rose, and oil prices edged up on Monday as reports said the United States and Iran had agreed to stop attacking each other following a... Read More →
NGX weekly turnover plunges 47% to N134.49bn
NGX weekly turnover plunges 47% to N134.49bn Bearish sentiments tightened their grip on the Nigerian Exchange Limited last week as total trading turnover plummeted significantly, reflecting a cautious approach by investors amid macroeconomic pressures. According to the latest weekly market... Read More →
THE NIGERIA STOCK EXCHANGE CORRECTION
THE NIGERIA STOCK EXCHANGE CORRECTION The recent correction in the Nigerian Stock Exchange, which wiped trillions of naira from investors’ portfolios within a few trading sessions, has understandably unsettled many market participants. While some perceived the decline as a market... Read More →
Interest Rate: Banking Sector Maximum Lending Rate Drops to 34.78%
Interest Rate: Banking Sector Maximum Lending Rate Drops to 34.78% Following the marginal reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), the banking sector average maximum lending rate depreciated to 34.78 per cent in... Read More →