The Nigerian Exchange Limited (NGX) extended its decline on Wednesday after the Central Bank of Nigeria-led monetary committee raised the interest rate to 14%.
Demand was considerably lower, as the DMO secured a total bid of N142.3bn (USD331.6m)
MTN Nigeria, Africa's leading telecommunication company, is seeking approval from the Securities and Exchange Commission to raise another N200 billion via bond issuance for network expansion.
The stock market in Africa's largest economy Nigeria declined slightly on Tuesday after opening the week with a N56 billion gain on Monday.
The Nigerian Exchange Limited (NGX) extended last week's bullish run to post another N56 billion gain after N355 billion recorded last week.
Investors transacted a total turnover of 504.322 million shares worth N7.517 billion in 12,393 deals last week.
Stocks of GTCO, Japaul Gold, United Bank for Africa and others were the most traded equities on Wednesday despite the Nigerian Exchange Limited (NGX) extending its...
The Nigerian stock market extended its decline last week as global uncertainties amid rising interest rates and weak earnings continue to dictate market trends.
Equities in Africa's largest economy Nigeria rebounded slightly on Thursday following three consecutive declines recorded earlier in the week.
The Nigerian stock market closed in the red again on Wednesday as the Nigerian Exchange Limited (NGX) All-Share index dipped by another 0.06% following a 0.04%...