Exchange rate stabilises as Naira holds at N1,570/$1 in parallel market
The Nigerian naira has demonstrated relative stability in the parallel market, trading at N1,570 per US dollar from Wednesday through Friday, December 14, 2025. The post Exchange rate stabilises as...
View ArticleReal estate company Haldane McCall reports 168% profit surge; Land and...
Real estate company Haldane McCall PLC has reported a full-year 2024 pre-tax profit of N1.01 billion in its financial report released on the Nigerian Exchange (NGX) on February 13th, 2025. This figure...
View ArticleNaira stable in the unofficial market, U.S. Dollar index hits 9-Week Low
The naira oscillated around the N1570-1575/$ range at the black market in the early hours of Saturday in Nigeria's business capital. The post Naira stable in the unofficial market, U.S. Dollar index...
View ArticleNigerian Breweries reports N1 trillion in full year revenue but losses...
Nigerian Breweries Plc reported a post-tax loss of N144.8 billion for FY 2024, as detailed in its full year audited financial report released on the NGX on February 14, 2025. The post Nigerian...
View ArticleWeekly Market Wrap: All-Share soars over 2,000 points, driven by Industrial...
The All-Share Index exhibited notable growth during the second trading week of February, advancing by 2,120.92 points to close at 108,053.95 on the 14th, spurred by gains in the industrial goods...
View ArticleNaira appreciation: There is a lot of forex inflow into the interbank window...
The Bureau De Change (BDC) operators have attributed the recent strong performance of the naira to the implementation of the Central Bank of Nigeria (CBN) policy which allows authorized dealers to sell...
View ArticleBDCs implementation of CBN forex policy strengthens naira to N1,545/$1 in the...
The Association of Bureau De Change Operators of Nigeria (ABCON) has praised its members for the effective implementation of the Central Bank of Nigeria CBN) forex policy on the sales of interbank/EFEM...
View ArticlePZ Cussons Nigeria resolves to convert $34.2 million debt to equity,...
PZ Cussons Nigeria PLC has announced that its Board of Directors, after careful deliberation, has decided to convert $34.26 million of its outstanding loan into equity. In June 2022, PZ Cussons...
View ArticleCrypto market dips as trading volume drops by 2.83% to $61.3 billion
The cryptocurrency market is experiencing a significant downturn, as trading volume dropped by 2.83% to $61.3 billion in the last 24 hours. The post Crypto market dips as trading volume drops by 2.83%...
View ArticleBitcoin’s future bullish amid recent market correction
Bitcoin has been struggling with volatility in recent weeks as investors have taken a cautious approach due to concerns about monetary policy tightening and its potential effects on risky assets. The...
View ArticleAll-Share Index dips 0.11%; IKEJAHOTEL and LEARNAFRCA decline as ACCESSCORP...
The Nigerian All-Share Index wrapped up the trading session on February 17, 2025, in the red, dropping 116.20 points to close at 107,937.74. The post All-Share Index dips 0.11%; IKEJAHOTEL and...
View ArticleAnalysts predict inflation fall in second half, reveals expected rate for...
Analysts at Norrenberger have predicted a gradual easing of inflation in the second half of 2025, projecting a rate of 28% by December 2025, amid a boom in equities. The post Analysts predict...
View ArticleBUA Foods: Market undervaluing a Powerhouse, time to buy?
BUA Foods presents a unique case. Revenue surged past N1.5 trillion in 2024, profits nearly tripled, and margins expanded. However, the stock’s performance tells a different story. The market seems...
View ArticleSEC moves to tax cryptocurrency transactions in Nigeria with new rules
The Securities and Exchange Commission (SEC) is currently developing new rules aimed at ensuring that all eligible transactions on regulated cryptocurrency exchanges are brought into the formal tax...
View ArticleAll-Share Index ends in the red, dips 0.25% as FUGAZ stocks slip; GUINNESS...
The All-Share Index closed the trading session on February 18, 2025, in negative territory, declining by 266.76 points to finish at 107,670.98, as FUGAZ stocks decline. The post All-Share Index ends...
View ArticlePresco Plc shares surpass N700 so far in February, as year-to-date...
Shares of Presco Plc have surged over 19% month-to-date in February, surpassing both the N600 and N700 thresholds, up from the N475 level at the start of the year. The post Presco Plc shares surpass...
View ArticleNigeria’s currency in circulation surges to N5.24 trillion, with 90.5% held...
Nigeria’s total currency in circulation rose to N5.24 trillion in January 2025, marking a 43.4% year-on-year (YoY) increase from N3.65 trillion recorded in January 2024. The latest data from the...
View ArticleDangote Sugar’s latest commercial paper: strategic move or rising risk?
The Nigerian corporate debt market is set to witness yet another offering from Dangote Sugar Refinery Plc, as the company moves to raise N50 billion through its 180-Day Series 8 Commercial Paper (CP)....
View ArticleAll-Share climbs 938 points as BUAFOODS and other advancers rally; ACCESSCORP...
The Nigerian All-Share Index concluded the trading session on February 19, 2025, with a strong surge, gaining 938.53 points to close at 108,609.51. The post All-Share climbs 938 points as BUAFOODS...
View ArticleNigeria Treasury Bills attract N2.41 trillion in subscriptions amid declining...
Nigeria’s latest treasury bills auction, conducted on February 19, 2025, attracted significant investor interest, with total subscriptions reaching N2.41 trillion across the three offered tenors. The...
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