By Adedapo Adesanya A loss recorded by market bellwether, Central Securities Clearing System (CSCS) Plc, outweighed the presence of three price gainers, weakening the NASD Over-the-Counter (OTC) Securities Exchange by 0.73 per cent on Friday, March 27. The Nigerian securities
OTC Exchange Falls 0.73% as CSCS Leads Losers’ Chart Read More »
By Adedapo Adesanya The Naira maintained stability against the United States Dollar in the black market segment of the foreign exchange (FX) market on Friday, March 27, data obtained by Business Post showed. It also remained unchanged at the GTBank FX counter at N1,401/$1.
Naira Settles N1,380/$ at Spot Market, N1,410/$1 at Black Market | Read More »
By Adedapo Adesanya The price of Brent crude went up by $4.56 or 4.2 per cent to $112.57 per barrel on Friday, as traders remained sceptical about prospects for a ceasefire in the month-old Iran war. Also, the US West Texas Intermediate (WTI) futures rose $5.16 or 5.5 per cent t
Brent Climbs to $112 as Ceasefire Doubts Persist Read More »
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has removed the cash pooling requirement for International Oil Companies (IOCs), allowing them to fully repatriate their export proceeds through Authorised Dealer Banks (ADBs). Previously in 2024, the apex bank required IOCs
CBN Grants IOCs 100% Access to Export Proceeds, Ends Cash Pooling | Read More »
By Adedapo Adesanya Debt has emerged as a fast-growing asset class for the startup funding landscape in Africa, according to a new report by the African Private Capital Association (AVCA). The 2025 Private Capital Activity in Africa report showed that Africa emerged as the only
Private Debt Booms in Africa’s Startup Ecosystem in 2025—Report Read More »
By Adedapo Adesanya Four price gainers buoyed the NASD Over-the-Counter (OTC) Securities Exchange by 0.75 per cent on Thursday, March 26. During the session, FrieslandCampina Wamco Nigeria Plc gained N8.87 to sell at N110.00 per unit compared with the previous day’s N101.13
NASD OTC Bourse Climbs 0.75% as Gainers Dominate Trading Read More »
By Adedapo Adesanya The Naira appreciated against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) by N2.82 or 0.2 per cent to N1,383.88 /$1 on Thursday, March 26, from the N1,386.70/$1 it was traded a day earlier. Also, the local currency
Naira Appreciates to N1,383/$1 at Official Market Read More »
By Adedapo Adesanya Crude prices closed higher on Thursday, rebounding from the previous session’s losses, as hopes for a swift end to the war in the Middle East faded. Brent futures rose $5.79 or 5.7 per cent to settle at $108.01 per barrel, while the US West Texas Int
Crude Rebounds 5% as Middle East Peace Hopes Dim Read More »
