Archives - May 2022

Banks tighten forex access as reserves hit seven-month low  – Thisday he country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of Nigeria have revealed.  Findings have shown that the continuous decline in the country’s external reserves used to defend the naira …

Trading activities on the  stock market of the Nigerian Exchange Limited (NGX) closed on a negative note with N169billion decline in market capitalisation. Transactions on the floor of the Nigerian Exchange Limited (NGX) on Monday, closed on a negative note as the All Share Index depreciated by 0.58% to settle at  53,772.35 points, from the …

Fixed Income, Currencies Trade by Investors Hit N62.86trn as Pressure Mounts on FX – Thisday Investors in the Fixed Income and Currencies (FIC) market of the FMDQ Exchange traded a total of N62.86 trillion in the first four months of 2022, representing nearly 7 per cent decline from N67.59 trillion traded in the first four …

Investors renewed interest in some medium and large capitalised stocks lifted the Nigerian Exchange Limited (NGX) market capitalisation by N504billion as the market sustained bullish activity. Transactions on the floor of the Nigerian Exchange Limited (NGX) on Friday, closed on a positive note as the All Share Index appreciated by 1.76% to settle at  54,085.30 …

Investors rake in over N1.1tn dividend in 12 months – NGX – Thisday The Nigerian Exchange Limited, on Thursday, said investors in the Nigerian capital market had earned over N1tn from dividend payout by companies listed on the NGX in the past year.  It said in a statement that year-to-date, Dangote Cement, MTN Nigeria and …

The market again record a gain at the end of today’s trading session on the floor of the Nigerian Exchange, as 27 companies recorded gains while the equities of 11 companies depreciated in price. Transactions on the floor of the Nigerian Exchange Limited (NGX) on Thursday, closed on a positive note as the All Share …

Naira devaluation, insecurity drive Nigeria’s wheat imports to N1.3tn – Thisday Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021.  The Punch’s calculations from the National Bureau of Statistics Foreign Trade Statistics showed that wheat importation into Africa’s most populous nation …

The stock market reverses the loss of yesterday as Airtel Africa recorded a gain of 9.39% to lift the market capitalisation by N346billion at the end of today’s trading session. Transactions on the floor of the Nigerian Exchange Limited (NGX) on Wednesday, closed on a positive note as the All Share Index appreciated by 1.24% …