Sam Diala, THEWILL

Naira Rises to N742.31/$ As Equities Market Resumes Bullish Trend

July 05, (THEWILL) - Nigeria Naira closed at N742.31/$ on Monday, gaining 3.5 percent over yesterday’s N768.44/$ on the I&E Window, according to report by FMDQ. The aggregator also announced on its website that daily turnover on the...

NGX All-Share Index Dips to 1.99%, As Naira Closes on N768.44/$ Depreciation

July 04, (THEWILL) - The domestic bourse today slipped as the benchmark index closed 1.99% weaker at 60,715.04 points against 61,949,24 the previous day.. Gains in PRESCO (+1.69% from N190 per share), FCMB (+4.26% from N5.45 per share), and...

Oil Prices Climb as Saudi Arabia Extends Production Cut Into August

July 03, (THEWILL) - Saudi Arabia is extending its unilateral 1 million bpd production cut into August, the world’s top crude exporter said on Monday, sending oil prices rising by 1%. “An official source from the Ministry of...

AfDB Approves Abia’s Pending $115m Loan Request

July 03, (THEWILL) - The African Development Bank (AfDB) has approved a loan request of $115 million for the Abia State Government for its road rehabilitation, erosion control infrastructure projects and solid waste management. The loan request was made...

Nigeria’s Manufacturing Activity Rises Again In June, Amid Slide In Business Confidence

July 03, (THEWILL) - Nigeria lengthened the run of growth in its factory output to three months in a row in June as manufacturers raced to increase goods in stock to beat potential spikes in inflation, according to Stanbic...

NGX, CIS, Stakeholders Honour Subomi Balogun

...Describes him as a market colossus Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder...

Equities Market Soars, Gains N534bn As Naira Rises 3.7% to NGN741.50/USD

July 03, (THEWILL) - The Nigerian equities market picked up from where it left off last week, closing higher on gains in MTNN (+1.7% from N13.762 share price), STANBIC (+9.3% against share price of N59), and ACCESSCORP (+9.9% from...

Naira Floating: Nigeria to Earn N160bn, Spend N603bn More on Agric Export, Import in H2 2023

Based on data by the National Bureau of Statistics (NBS), Nigerian farmers will earn an additional estimated N160.3 billion from agricultural exports in the second half of the year as a result of the depreciation of the Naira in...

H1-2023: Equities Market Hits All-time High On Domestic Investors’ Bargain

Driven by unmatched resolute domestic players who took position as fortune-hunting foreign investors fled, Nigeria’s local bourse hit the historic peak of its performance in the first half of the year (H1 2023). At the close of the trading session...

Audacity Of The Brave

SAM DIALA shows how the audacious stance of brave domestic investors lifted Nigeria’s equities market to a 15-year high after foreign investors fled in 2020. Nigeria’s equities market recorded an outstanding performance in the first half of the year (H1-2023),...

About Me

Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
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