Author: InvestAdvocate

Market capitalisation falls by 0.1%

Equity trading activities on the Nigerian Stock Exchange resumed this week on a negative trend, with major indicators declining marginally. The market capitalisation of listed shares fell by 0.1 per cent or N5bn, from last week’s closing figure of N6.567tn recorded on Friday to close at N6.562tn. Similarly, the NSE’s […]

CBN offers $200m at forex auction

The Central Bank of Nigeria on Monday intervened in the foreign exchange market as it offered $200m for sale at the auction. It said, in a statement on its website, “Further to our circular Ref. FMD/FED/CIR/GEN/01/082/10 of December 29, 2010, the CBN hereby intervenes with an offer of $200m for […]