DPH

FX MARKET TURNOVER RISES TO $2.32BN AS HEDGING DEMAND STRENGTHENS

Nigeria’s foreign exchange market recorded stronger activity during the week ended 19 June 2026, with total turnover across the spot and derivatives segments increasing to approximately $2.32 billion. The increase in market activity occurred despite heightened volatility in domestic equities, suggesting that foreign exchange demand continued to be driven primarily by trade financing requirements, corporate …

FX MARKET TURNOVER RISES TO $2.32BN AS HEDGING DEMAND STRENGTHENS Read More »

SpaceX Set for Historic IPO as Investors Watch Largest Public Listing in Market History

SpaceX is preparing for what could become the largest initial public offering (IPO) in history, with the Elon Musk-led aerospace and technology company expected to begin trading on June 12, 2026, at a valuation approaching $1.77 trillion. If achieved, the listing would rank among the most significant events in modern capital market history and immediately …

SpaceX Set for Historic IPO as Investors Watch Largest Public Listing in Market History Read More »

Naira Gains Ground Against the British Pound

The Nigerian naira strengthened against the British pound during the first week of June, reflecting continued support from the Central Bank of Nigeria’s monetary and foreign exchange management measures. According to official market data, the naira closed at approximately ₦1,823 per pound sterling on June 5, improving from levels above ₦1,840/£ recorded at the beginning …

Naira Gains Ground Against the British Pound Read More »

FirstBank demonstrates effective assets and liability management with Eurobond Redemption

FirstBank of Nigeria Limited has once again proven its reputation for strong financial discipline and sound balance sheet management through the successful redemption of its $350 million (three hundred and fifty million United States dollars) Eurobond at maturity on October 27, 2025. The Eurobond, originally issued in 2020 with a coupon rate of 8.625 percent …

FirstBank demonstrates effective assets and liability management with Eurobond Redemption Read More »

NNPC

NNPC declares N674bn profit after tax for 2021

The Nigerian National Petroleum Corporation Limited has declared a profit of N674 billion after tax for the 2021 Fiscal year.The NNPC announced the results via their twitter account on October 4th, 2022.The audited financial statements for 2021 have been approved by the Board, according to NNPCL. “NNPCL has progressed to a new performance level, from …

NNPC declares N674bn profit after tax for 2021 Read More »

NGX logo

NGX Announces Opportunities In Green Bonds And Sukuk

NGX is driving the development and promotion of individual participation in the Nigerian capital market.   The Nigerian Exchange Group is doing this through its Retail Investor Workshop. On Tuesday, 31 August 2021, the NGX in partnership with APT Securities and Funds Limited hosted a webinar series on the topic “Sukuk and Green Bonds: More …

NGX Announces Opportunities In Green Bonds And Sukuk Read More »

COMMODITY NEWS

Government Urged to Provide Investments Platform for Indigenous Iron, Steel Manufacturers   The federal government has been advised to provide investment platforms that would assist indigenous manufacturers of iron and steel doing business in Nigeria, boost production to foster economic growth in the nation. The Chairman, Basic Metal, Fabricated Iron and Steel Products, Mr. Kamoru …

COMMODITY NEWS Read More »

Scroll to Top