Money & Markets

Latest Money & Markets News

NGX sheds N1.3trn as profit-taking hits cement, banking blue chips

Nigeria’s equity market suffered one of its sharpest single-day setbacks in recent…

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Nigeria’s stock market overtakes South Korea as world’s best-performing

Nigeria’s stock market has emerged as the world’s best-performing equity market in…

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FTSE reclassification review raises fresh concerns over Nigeria’s stock market reform 

  Nigeria's equity market has been dealt a potentially significant setback after…

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Naira hits N1,825/£1 as pound sterling slumps on UK’s political uncertainty

  The Nigerian naira strengthened against the British pound on Nigeria’s foreign…

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Davido leak fuels buzz over Dangote Refinery’s $39.1bn IPO

A social media post by music superstar Davido has unexpectedly thrust Dangote…

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IMF faults banks over uneven interest rate transmission

  Nigerian banks have come under scrutiny from the International Monetary Fund…

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Naira appreciates to N1,360/$ amid reforms, FX reserves gains

  The Naira strengthened further against the United States dollar on Thursday,…

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Investors lose N5trn in four days as market correction, profit taking tames bull run

  Nigerian stocks are down by over N5 trillion since June 1…

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Dangote refinery to conduct IPO in September

Aliko Dangote, president of the Dangote Group, says the planned initial public…

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PenCom suspends rules to allow PFAs participate in Dangote refinery IPO

The National Pension Commission (PenCom) has relaxed its shares investment rules to…

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