Nigerian Market News

• Deputy British High Commissioner engages capital market stakeholders April 19, 2021
  The Deputy British High Commissioner, Lagos, Ben Llewellyn-Jones OBE, leveraged the Nigerian Exchange (NGX) Limited’s virtual Closing Gong Ceremony to engage capital market stakeholders on Friday April 16, 2021. Llewellyn-Jones was given the privilege to sound the virtual gong to bring the day’s trading activities to a close. Speaking at the ceremony, the Chief Executive […]
• In search for yields, investors dump money market, pile into fixed income, bond funds April 19, 2021
  Investors’ appetite for bond and fixed-income funds have more than doubled in the last year to March 2021 as investors rotate from money market funds to the higher-yielding instruments. Bonds, fixed income, equity, money market, real estate, mixed and ethical funds are all types of Mutual funds. A Mutual fund is a professionally managed investment […]
• Naira closes trading week with 0.30% loss April 17, 2021
  Nigeria’s foreign exchange market closed the week with 0.3 percent loss in the value of the naira against the dollar, weaker than 0.36 percent it closed the previous week at the Investors and Exporters (I&E) forex window. The loss in the naira value was due to strong demand for dollars by end users to meet […]
• Naira closes flat across markets as turnover rise by 429.92% April 15, 2021
  Nigeria’s currency on Thursday closed stable at various segments of the foreign exchange as liquidity increased significantly at the Investors and Exporters (I&E) forex window. The foreign exchange daily turnover rose by 429.92 percent to $116.16 million on Thursday from $21.92 million recorded on Wednesday. Consequently, after trading on Thursday naira steadied at N410.50k per […]
• Naira gains 0.12% amid declining liquidity April 14, 2021
  Nigeria’s currency on Wednesday strengthened against the dollar by 0.12 percent amid low liquidity at the Investors and Exporters (I&E). The daily foreign exchange market turnover declined by 59.05 percent to $21.92 million on Wednesday from $53.53 million recorded on the previous day. Consequently, after trading on Wednesday the naira/dollar exchange rate closed at N410.50k […]
• CBN worries as BDCs with N1trn annual turnover render low returns April 14, 2021
  The Central Bank of Nigeria (CBN) on Wednesday raised concerns over low level of compliance to regulatory rendition of returns by the Bureau De Change (BDC) operators that control the market with annual turnover of N1 trillion. The operating guidelines of the BDCs require that each BDC submit returns of its activities to the CBN. […]
• NGX Regulation berths with 2021 supervision priorities for Trading License holders April 14, 2021
  NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has published its supervision priorities for 2021. This year, NGX RegCo will focus primarily on nineteen (19) areas of regulatory concerns organised into four (4) broad categories: Technology, Market Integrity, Operations, and Emerging Trends. To ensure a fair and orderly market, the […]
• Nigeria’s equities market gains N18bn April 14, 2021
  After a negative close in the past two trading sessions, Nigeria’s equities market managed to close upward on Wednesday April 14. Amid a mix of bargain hunting and sell pressure in some counters on the Nigerian Exchange (NGX) Limited, investors raised bets in consumer goods stocks while banking, industrial goods, insurance and oil & gas […]
• Nigerian Exchange open for business with BUA Cement’s N115bn bond April 14, 2021
  Nigerian Exchange (NGX) Limited listed BUA Cement Plc’s N115billion 7-Year Series 1 Fixed Rate Senior Unsecured Bond issue, the first listing in the NGX era today, 13 April 2021. The listing was commemorated with a digital Closing Gong Ceremony featuring the Chief Executive Officer (CEO), BUA Cement Plc, Engr. Yusuf Haliru Binji. Speaking during the […]
• Naira weakens by 0.31% despite improved liquidity April 14, 2021
  Nigeria’s currency on Tuesday weakened against the dollar by 0.31 percent in spite of improved liquidity at the Investors and Exporters (I&E) forex window. The foreign exchange daily market turnover increased by 18.03 percent to $53.53 million on Tuesday from $45.35 million recorded on the previous day. Consequently, after trading on Tuesday, naira/dollar exchange rate […]