News In : Markets   (Page 4)
  • Nigerian Equities Down as Global Stock Market Plunges
  • Nigerian equities declined for the second consecutive trading session yesterday as investors stepped up profit-taking amidst concerns that global equities slowdown may negatively impact the domestic market. Most advance[...]
  • Date Posted:: 07/Feb/2018
  • Market Indices, Volume Nosedive on NSE
  • Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday in red, with market indices losing 0.85 percent and volume of shares dropping by 20.25 percent. The News Agency of Nigeria (NAN) reports that[...]
  • Date Posted:: 07/Feb/2018
  • Hallmark Insurance, Skye Bank Losses Depress NSE’ Capitali...
  • Losses sustained by 48 quoted companies led by an insurance name, Hallmark Insurance Plc, Skye Bank Plc, Transcorp Plc, FBN Holdings Plc and AG Leventis today resulted in further loss of N138 billion in the equities capi[...]
  • Date Posted:: 07/Feb/2018
  • $60b Wipes Off Value of Crypto Currency Market in 24 hours
  • Investors in the crypto currencies may be going through difficult times, as over $60billion is being wiped off the value of crypto currencies, while bitcoin fell below $8,000 again for the third time in four days. Report[...]
  • Date Posted:: 07/Feb/2018
  • We’ve not Withdrawn Case Against SEC, Says Oando
  • Oando Plc has stated that its legal tussle with the Securities and Exchange Commission with respect to the planned forensic audit of the oil firm is still on. The spokesperson for Oando, Alero Balogun, told our correspo[...]
  • Date Posted:: 07/Feb/2018
  • Naira May Depreciate to 386/Dollar in H2 —PwC
  • The naira may depreciate against the United States dollar at the Investors and Exporters Window to 386 from the current average of 360, PricewaterhouseCoopers has said. In its economic outlook for 2018, which was releas[...]
  • Date Posted:: 07/Feb/2018
  • Banks in Britain, U.S. Ban Bitcoin Buying With Credit Cards
  • Banks in Britain and the U. S. have banned the use of credit cards to buy Bitcoin and other “crypto currencies”. The banks are fearing a plunge in their value will leave customers unable to repay their debts[...]
  • Date Posted:: 06/Feb/2018
  • Nigeria, China Trade Hit $2.7bn in 2017 – ACCI
  • The President of the Abuja Chamber of Commerce and Industry, Adetokunbo Kayode, on Monday put the value of merchandise trade between Nigeria and China in the 2017 fiscal period at $2.7bn. He said this at a forum organis[...]
  • Date Posted:: 06/Feb/2018
  • FG to Introduce New Products to Commodity Exchange Market
  • The Federal Government will soon introduce new products into the Nigeria Commodity Exchange market as part of efforts to boost non-oil exports. The Managing Director, Nigeria Commodity Exchange, Mrs. Zaheera Baba-Ari, w[...]
  • Date Posted:: 06/Feb/2018
  • Naira Records Marginal Gain as CBN Sells $210m
  • The naira recorded a marginal gain at the parallel market on Monday, closing at 363 per United States dollar, up from 364/dollar on Friday. The local currency has been trading between 362/dollar and 365/dollar in recent[...]
  • Date Posted:: 06/Feb/2018
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