The Naira strengthened by N70 to reach N1,380/$ on the parallel market, but declined to N1,339/$ on the official window.
Nigeria plans to launch a bond by June to tap into the diaspora as a key source of forex.
Nigeria, formerly the world’s leading cocoa producer, has slipped in the ranking due to outdated farming techniques, planters say.
Tinubu’s Chief of Staff Femi Gbajabiamila remembers the late Mrs. Olufunke Ogeah as a selfless and joyful woman.
Kenya has accused Congo’s military of detaining two Kenyan airline staffers over cargo issues.
Minister Alake highlighted Nigeria as Africa’s top mining investment spot, citing favorable policies for investors and ease of business.
Nigeria’s online source for up-to-date information on what the stock markets are doing today. ARISE News brings you world stock market coverage along with breaking news, data analysis and comment. Whether you are at home or overseas you can rely on our coverage.
The last couple of years have seen several agricultural products rise in importance in the Nigerian economy and cocoa beans, sesame, cashew and rice are all ones to watch this year. As well as the traditional oil. Experts will also be keeping a keen eye on the growing rise in fertillizers.
The Naira’s slide against the dollar continued for a fourth consecutive day, settling at N1,309.81/$1 at the NAFEM window.
Weinstein was convicted of forcibly performing oral sex on a production assistant, and of third-degree rape of an aspiring actor.
Lokoja-Benin Road contractors have been threatened with contract termination by Umahi if they don’t sign reviewed contracts within seven days.
We watch the commodities market closely to keep you informed with the very latest information on global movements in oil, natural gas, precious and industrial metals, sugar and other agricultural products amongst others.
Whether you are at home or part of the successful Nigerian diaspora, this is a market to keep a close watch on. ARISE News brings you the latest on the most important global currencies as well as latest news and comment on the growing strength of the Naira.
The world’s largest stock exchange. Technology is now at the heart of the NYSE, which prides itself as the market for innovation, with an average of 2.4 billion shares exchanging hands every day. With it’s famous trading floor and opening and closing bell, it is now the only in-person trading venue for global equities exchange.
The largest electronic stock market in the world and second largest in terms of securities’ values. One to watch for energy, finance, healthcare, technology and transportation as well as being well-known for high-tech stocks. Using the NASDAQ Composite Index to measure the change in the over 3,000 stocks traded on NASDAQ. Look out for the likes of Apple, Microsoft and Amazon.
The FTSE 100, colloquially known as the ‘Footsie’, is an index made up of share of the 100 largest companies on the London Stock Exchange (LSE). Historical ties between our nation and the UK make it a popular choice for many Nigerian investors wishing to invest in established companies such as Barclays, HSBC, BP and BAE. As well as the wildly successful younger companies such as AstraZeneca.
The largest stock exchange in Africa, it has come along way from its roots in the South African Gold Rush, having been established in 1887. The natural home for African investors, we watch with excitement as we see the rise in stocks such as Master Drilling Group, Sentova Ltd and Novus Holdings Ltd.
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