The increase in equity trading activities recorded from Tuesday this week, continued on Friday, with major indices closing positive. At the close of trading, the Nigerian Stock Exchange’s All-Share Index rose by 0.3 per cent or 61.61 basis points from 22,049.30 to 22,110.91 points. Similarly, the market capitalisation of the […]
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Nigeria naira up 0.75 pct as funds ready for Tbills
The Nigerian naira closed up 0.75 percent against the dollar on the interbank market on Friday, after a surge of dollar inflows from foreign investors positioning to buy treasury bills, dealers said. The unit closed at 160.90 naira at 1300 GMT, after opening at 160.69 naira on Friday, substantially up […]
Nigerian interbank rates up on naira cash shortage
Nigeria’s interbank lending rates rose slightly this week to an average of 15.33 percent, from 15.16 percent last week, as naira liquidity fell, on large outflows to foreign exchange purchases, traders said on Friday. Nigeria’s central bank had sold a total of $601 million at its bi-weekly foreign exchange auction […]
