Analysis and Data

Naira Notes

Naira gains 40k against dollar at parallel market

The Nigerian currency is exchanging at N359.6 stronger than N360 traded on Thursday.

Someone operating a mobile phone [Photo: IT News Africa]

Active mobile lines in Nigeria hit 162.3 million

The Code Division Multiple Access (CDMA) for active mobile lines had 217,566 users in June, same as in May.

Nigerian Stock Exchange Trading floor [Photo:]

ANALYSIS: Nigerian bourse, investors’ confidence and the troubles of minority shareholders

Analysts suggest ways to protect minority shareholders.

Naira Notes

Naira weakens marginally against dollar at parallel market

The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday.

Naira Notes

Naira sells at N358.5 to dollar at parallel market

At the Bureau De Change (BDC) window, the Naira closed at N360 to the dollar.

Analysis: Nigeria and reluctance to join African trade agreement

African Continental Free Trade Agreement (AfCFTA) wants to create a single market for goods and services in the continent

Nigeria Stock Exchange (NSE)

NSE records 319.63 million shares worth N3.07 billion in bearish trading

The transactions are lower compared to 503.12 million shares valued at N5.89 billion achieved on Thursday.

Central bank of Nigeria (CBN)

CBN injects $210m into Forex market

Meanwhile, the Naira continueS its stability in the foreign exchange market.

A NIPCO filling station used to illustrate the story on authentic data

Average petrol price decreased across Nigeria in May – NBS

Average price of kerosene and diesel, however, increased.

Oil rises on expected stockpile drop

Brent crude was at $75.59 a barrel on Tuesday.

Governor Ifeanyi Ugwuanyi of Enugu State (4th left), with the Chief Judge of the state, Justice Priscilla Emehelu (3rd left); Chairperson, Enugu State Land Use Charge Assessment Appeal Tribunal, Barr. Chigozie Nnadi (middle); and other members of the Tribunal after their inauguration at the Government House, Enugu, yesterday.

Era of multiple taxes on property over in Enugu — Governor Ugwuanyi

The governor says he is committed to making the state the most investor-friendly in the country.

Nigerian Stock Exchange Trading floor [Photo:]

Nestle, Dangote Cement drag market capitalisation by N125 billion

The capitalisation closed at N14.734 trillion against N14.859 trillion on Friday.

A petrol station used to illustrate the story

Average prices of petrol, diesel fell in April 2018 – NBS

Kebbi State had the highest average price per litre of petrol in April 2018.

Oil rig

Oil price rises

United States oil prices rose above $70 a barrel for the first time since November 2014.


NSE market capitalisation rebounds by N40 billion

Nestle recorded the highest price gain to lead the gainers’ table with N4.90 per share to close at N1,595 per share.

National Assembly

Economists, activists review impact of non-passage of 2018 budget

Folasade Folarin with the News Agency of Nigeria

Fidelity Bank

Fidelity Bank declares N18.9 billion profit

The bank has over 3.8 million customers who are serviced across its 240 business offices and various other digital banking channels

President Muhammadu Buhari with APC Governors

Half of Nigeria’s 36 states insolvent – Report

Lagos State generated more than 30 states combined.

Nigeria Stock Exchange

NSE market capitalisation rises by N170 billion amid Nestle gain

Nestle led the gainers’ table with a gain of N46.80 to close at N1,615 per share.


Banker launches report on millennial employees, tasks leaders on innovation

The research was designed to arm business leaders with the winning strategies in engaging millennials in the workplace.


NSE moves 760.52 million shares valued N8.91 billion in positive trading

The figure is in contrast with 230.17 million shares worth N4.32 billion achieved in 4,090 deals on Wednesday.

Sterling Bank [Photo:]

Sterling Bank reports N8.5 billion profit in 2017

The figure is higher by 65 per cent when compared to N5.2 billion declared for the corresponding period of 2016

Nigerian Stock Exchange Trading floor [Photo:]

NSE closes for Easter holidays with 1.72% growth

Nestle led the gainers’ table during the day.


Nigeria capital market recovers, records 0.33% growth

The index closed at 41,633.79 against 41,495.43 achieved on Wednesday.


NSE market capitalisation dips N57 billion at Tuesday trading

The capitisation dipped despite N10.50 per share dividend declared by Dangote Cement