Bulls Return To Stock Market As Investors Rake In N261bn
The Nigerian Exchange (NGX) Limited halted the two-day bearish stint on Wednesday as investors recorded a N261 billion gain.
Bears Remain In NGX As Investors Lose N341bn
The Nigerian Exchange (NGX) Limited closed in the red line on Tuesday as investors recorded a loss of N341 billion, OduNews reports.
Cash Crunch: Banks Increase Withdrawal Limits
Commercial banks have raised the daily withdrawal limit from N20,000-N50,000 range to over N80,000-N100,000.
Customs Street Records N622bn Loss
Trading activities on the floor of the local stock market closed in the red zone as investors recorded a N622 billion loss, OduNews reports.
Nigeria’s Oil Production Rises To 1.8m Bpd
Nigeria's oil production has increased to 1.8 million barrels per day, the Minister of Defence, Major General Bashir Magashi.
Nigeria’s Bonny Light Oil Price Drops Amid Global Economic Slowdown
Nigeria's premium oil grade, Bonny Light, experiences a price drop to $73.87 per barrel, raising concerns over the 2023 budget and the nation's oil production amid a global economic slowdown.
Banks Limit Cash Withdrawals Amid CBN Directive
Banks in the Federal Capital Territory limit cash withdrawals for customers as the Central Bank of Nigeria instructs the return of old denominations and raises ATM and over-the-counter withdrawal limits.
Banks To Open Saturdays, Sunday As CBN Says Enough Money Now Distributed
The Central Bank of Nigeria says it has distributed substantial money to commercial banks to ameliorate the suffering occasioned by the failed Naira policy.
Nigeria-Indonesia Bilateral Trade Rises To $4.7bn In 2022
The bilateral trade volume between Nigeria and Indonesia has risen to over $4 billion, OduNews reports.
Local Stock Market Capitalisation Falls By N6bn
The market capitalisation of the NGX Limited decreased by N6 billion on Thursday on the back of profit-taking by investors, OduNews reports.
NGX Market Cap Grows By N19bn
The local stock market capitalisation went up by N19 billion at the end of trading activities on Wednesday, OduNews reports.
Job Search Platform Indeed Announces Layoffs Affecting 15% of Its Workforce
Job search website Indeed has announced a 15% reduction in its workforce, citing a cooling job market and a decrease in sponsored job volumes. The layoffs will impact 2,200 employees, and affected staff will receive compensation, access to support services, and health insurance coverage.
Customs Street Gains N9bn
The Nigerian Exchange (NGX) limited closed on a positive note on Tuesday with the market capitalisation increasing by 0.03%, OduNews reports.
CBN Pegs Interest Rate At 18%
The Central Bank of Nigeria has increased the benchmark interest rate by 50 points to 18%, OduNews reports.
Local Stock Market Investors Lose N16bn
The Nigerian Stock Market (NGX) recorded a N16 billion loss at the end of trading activities on Monday, OduNews reports.
Reebelo Raises $29M, Expands Eco-Friendly Electronics Marketplace
Reebelo raises $29 million in Series A extension funding to expand its eco-friendly consumer electronics marketplace, establish US presence, and explore new categories within the refurbished tech sector.
Detailed Problems Faced By Agro-Commodities Exporting Companies In 2023
The agro-commodity market has been a significant contributor to the global economy, particularly in developing countries like Nigeria....
Credit Suisse Secures £45bn Lifeline, European Markets Rebound
Credit Suisse obtains a £45bn financial support package from the Swiss central bank, alleviating concerns of a broader banking crisis and leading to a rebound in European stock markets.
Stock Market Plunges Over High Inflation Rate
The Nigerian Exchange (NGX) Limited recorded a 0.42% loss on the back of high inflation data released by the Nigerian Bureau of Statistics.
Nigeria’s Inflation Rate Jumps To 21.9% Amid Failed Naira Policy
Nigeria's inflation rate increased to 21.9% in February 2023 from the 21.82% recorded in January, OduNews reports.