NGX reverses gain, as investors lose N148bn
The stock market reversed its gain on Wednesday, losing N148 billion or 0.25 per cent amid selling pressure in several key stocks.
The decline was...
Naira loses 6.8%, exchanges at N1,658
The Naira on Tuesday depreciated at the official market, trading at N1,658.97 to the dollar.
Data from the official trading platform of the FMDQ Exchange, ...
Shettima Endorses ExxonMobil’s Ambitious $10 Billion Investment Plan for Nigeria’s Deep-Water Exploration
Vice President Kashim Shettima has expressed his enthusiastic support for ExxonMobil’s proposed $10 billion investment in Nigeria's deep-water oil operations, calling it a significant...
Naira’s Exchange Rate Dips to N1,667/$ After MPC’s Shocking Rate Adjustment
The naira has hit a record low of N1,667.42 per dollar in the official market as of Wednesday, marking a significant decline just one...
Exchange Rate and Inflation Dampening Real Estate Expansion
The real estate sector in Nigeria is grappling with significant challenges due to volatile exchange rates and soaring inflation, which have severely impacted growth...
