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Recapitalization: SEC to Provide Rules to Promote Capital Raising
The Securities and Exchange Commission (SEC) has stated that it will shortly provide guidelines to promote an effective capital-raising procedure in the current exercise.
This...
Price of 5kg of Cooking Gas Rises by 42.97% in a Year – NBS
The National Bureau of Statistics (NBS) reports that the average retail cost to refill a 5 kilogramme cylinder of cooking gas, or liquefied petroleum...
Naira Breaks its One-month Uptrend and Drops to N1,230/$ in Street Trade
The naira's surge since late March which had made it the best-performing currency in the world came to a stop on Friday when it...
NGX reversing gains as capitalization drops by N35 billion
Market capitalization fell by N35 billion yesterday as trading on the Nigerian Exchange Limited (NGX) floor stopped gains to close on a dip.
The market...
Data reveals CBN not protecting the naira with FX reserves
Data demonstrating the Central Bank of Nigeria's (CBN) seldom involvement in the foreign exchange market demonstrate that the CBN is not using its foreign...
