The World Bank in its recent report has said that naira depreciated of 10.2% in 2022. This is according to the report is triggered by many factors which include rising food and fuel prices globally. The World Bank stated that the depreciation of the exchange rate was also a major contributor to inflationary pressures in the Sub-Saharan […]
Trading on the floor of the Nigerian stock market closed bearish again last week amidst profit taking, thereby shedding N657 billion week to date The All Share Index and Market capitalization declined by 2.28% to settle at 52,994.13 points and N28.869 trillion respectively. An aggregate of about 1 billion units of shares were traded in 16,155 deals,[…]
The Nigerian stock market on Wednesday closed on a negative note, shedding 1.88%. The All Share Index and Market Capitalisation stands at 53,018.97 points and N28.883 trillion respectively. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the following were discussed: Excerpts: The market on Wednesday closed on a bearish note, shedding 1.88%.[…]