FTSE Russell downgrades Nigeria prompting stock decline
Nigerian stocks fell Monday after equities market index and benchmark provider FTSE Russell said it downgraded Nigerian equities from “frontier market” to “unclassified market”,...
Naira trades below N810 on official market, weaker than black market
Nigeria’s naira traded weaker on the official market than the black market on Thursday, with the official I&E rate falling to 812 to a...
Dangote Cement stock gains big as company set to begin buy-back
Dangote Cement shares jumped the maximum 10% on Monday on the first trading day after the company said its latest share buy-back programme will...
Forex reform prompts delay in stripping Nigeria of ‘frontier market’ status
MSCI, the global equity index provider, says it will defer its plan to remove Nigeria from its list of frontier markets, to allow a...
Nigeria to allow asset-backed tokens, not crypto
The Nigerian government says it is processing applications for digital exchanges that will allow trading in asset-backed tokens. The decision is to extend market...