Nigerian stock market opens bearish as investors lose N276bn
The Nigerian stock market opened the week on a weak note, with investors losing about N276 billion in value. Data from the Nigerian Exchange Limited showed that market capitalization dropped slightly. The All-Share Index also fell by 428.63 points, showing a decline in overall market performance. Market activity remained mixed, with more losing stocks than […]
Naira records second straight week of massive depreciation against US dollar
Nigeria’s currency, the Nigerian Naira, has recorded another week of decline against the United States Dollar in both official and parallel markets. Data released by the Central Bank of Nigeria showed the exchange rate dropped further at the end of the week. According to the figures, the naira closed at N1,393.26 per dollar compared to […]
NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the first round of payments to customers of the closed Heritage Bank this April. This update was shared during the NDIC Special Day at the 36th Enugu International Trade Fair. The NDIC Managing Director, Bello Hassan, who was represented by Pamela Robert, the […]