News & Insights

IMF considering an “emergency” bailout for Nigeria


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CBN insists on no devaluation, threatens to sanction those responsible for false speculations

The Central Bank of Nigeria (CBN) has debunked speculations making the rounds and suggesting that the naira is finally about to be devalued. According to a statement, which was released late Thursday evening and seen by Nairametrics, the apex bank blamed “unscrupulous players in the foreign exchange market” for spreading the rumour.   The […]

Stock market drops below N12 trillion mark, investors lose N456 billion on Thursday

The sell-offs witnessed in the Nigerian bourse persisted on Thursday, as the All-Share index fell by 3.72% to close at 22,695.88. Investors lost about 456.96 billion, as market capitalization fell by the same margin to N11.827 trillion as against Wednesday’s N12.284 trillion. Trading activity level mirrored the Nigerian bourse ASI index as […]

NSE: Market drops by N329.39 billion on Monday, as one stock makes the gainers’ chart

The outbreak of Coronavirus (COVID-19) around the world continues to weigh heavily on investors as it triggered sell-offs of stocks by various investors. All-share index of the Nigerian Stock Exchange, which is the major metric used in measuring Market performance, plummeted by 2.41% to close at 25,647.54 index points compared to its initial […]