Analysis and Data


Nigeria Stock Exchange All-Share Index, market capitalisation drop

Forte Oil led with a loss of N10.18 to close at N94.32 per share.

A Bureau De Change, BDCs, operator

To force exchange rate down, Nigeria clamps down on money changers

Dozens of money changers have since Wednesday been arrested by officials of the State Security Service, SSS, in Lagos and Abuja.

‘Why Nigerians now prefer to keep money at home instead of in banks’

A bank customer says she prefers to keep her money at home to escape banks’ ever increasing charges.


NNPC denies plans to further hike fuel price

NNPC had raised its price from N141 to N145 per litre of petrol.

700,000 Nigerians apply for 500 FIRS jobs

Among the applicants were 2,000 graduates who had first class.

A Bureau De Change, BDCs, operator

Naira stabilises at N304.75/$ at interbank market

A expert said speculators take advantage of the movement of the naira to manipulate the market.

‘How cloud accounting software can help small, medium businesses’

One benefit of online accounting software is access to financial information wherever you are.

Oando posts N35.9 billion post-tax loss, 26 per cent revenue increase

he loss after tax, which stood at about N47.6 billion last year decreased by 25 per cent.

Naira notes used to illustrate the story.

Naira records marginal appreciation against dollar

The currency exchanged at N468 to the dollar as against N470 it traded on Friday.


Nigeria Stock Exchange market indices down 0.28 per cent

7UP recorded the highest loss, shedding N7.94 to close at N150.86 per share.

Naira strengthens against dollar at interbank market

The Nigerian currency gained 50k to exchange at N304.50, from N305 posted on Thursday.

Minister of Budget and National Planning Senator Udoma Udo Udoma

59 per cent of 2016 budget released, cash backed – Nigerian Government

“To date, budgeted personnel cost and debt service obligations have been fully met on schedule.”

Nigeria’s internet users are 94 million in August – NCC

561,000 users dumped MTN in August.


Naira firms against dollar

The currency gained 9.97 points to exchange at N310.24 from N320.21 it recorded on Tuesday.

A Bureau De Change, BDCs, operator

Naira suffers severe loss in all market segments

The naira also closed at N445, N559 and N484 to the dollar, Pound Sterling and the Euro at the parallel market.


Naira strengthens against dollar

At the parallel market, the Nigerian currency gained one point to exchange at N435.

Naira notes used to illustrate the story.

Naira soars at inter-bank market

At the Bureau De Change segment of the market, the naira exchanged at N407, N520 and N450 against N407, N525 and N450 it posted on Thursday.


Banks’ sanction deals heavy blow on Naira, dips further against dollar

Dollar exchanged for about N400.

Lagos tax agency seals Protea Hotel over failure to remit N11m tax proceeds

The hotel owners say they will sue LIRS for the embarrassment.

Text message phone

Nigeria’s inactive telephone lines increase to 67 million

Of the 217,150,404 connected lines, only 149,818,906 numbers were active.


Naira suffers further loss against dollar

Traders at the market are hope the naira will rebound in the coming weeks.


Naira dips against dollar

Traders at the market said that the demand for the greenback was still on the high side.

Why kerosene sells for N200 per litre — NUPENG

NUPENG says at present, NNPC was the only importer of kerosene and is using private depots to sell the product.

Naira notes used to illustrate the story.

Naira extends depreciation at parallel market

The Nigerian currency exchanged at N380 to the dollar, from the N378 it traded on Friday.

South Africa’s petrol price to drop by 7.4% in August

The price of wholesale diesel will also go down by 6.3 per cent, the government says