Tag: NAFEM
Naira falls 0.3% w/w with inflows into NAFEM at six months...
...Based on the data obtained from FMDQ, total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) declined to a six-month low in June
...The...
NGX benchmark index closes lower as investors take profit; Naira dips...
...Sectoral performance was broadly negative, as the Insurance (-1.2%), Consumer Goods (-0.1%), and Banking (-0.1%) indices posted losses
...The total volume of trades decreased by...
Demand pressure pushes Naira down by 0.2% to N1,485.53/US$ as Nigeria’s...
...In the forwards market, the naira rate decreased at the 1-month (-0.4% to N1,506.13/USD), 3-month (-0.1% to N1,550.10/USD), 6-month (-0.2% to N1,620.54/USD) and 1-year...
NGX All-Share Index declines 0.2% as investors sell off FBNH, SEPLAT...
MON JUNE 03 2024-theGBJournal| Trading in the domestic stock market began the week on a negative note as investors sold off FBNH (-4.7%), SEPLAT...
As the CBN sustained its intervention the Naira fell 0.2% at...
SAT JUNE 01 2024-theGBJournal|The naira appreciated to a month high of N1,173/USD on 28 May before closing the week at N1,485.99/USD (-0.2% w/w) at...
NGX All-Share Index sustains winning streak, gains 0.4% to close at...
WED MAY 29 2024-theGBJournal|The Nigerian equities market maintained its winning streak in Wednesday’s session underpinned by investors’ demand for DANGSUGAR (+9.6%), FBNH (+5.0%), ZENITHBANK...
Analysis| Naira exchange rate dynamics and the theoretical fair values
...We think that a range of theoretical fair values falls between N740.2/US$1 and N852.7/US$1, compared with the current N1,482.8/US$1
TUE MAY 28 2024-theGBJournal| For the...
NESTLE gains +9.8% as NGX All-Share Index climbs to 98,285.33 points;...
TUE MAY 21 2024-theGBJournal|The Nigerian equities market extended yesterday’s gains as demand for NESTLE (+9.8%) drove the benchmark index 0.1% higher.
Specifically, the All-Share Index...
Nigeria’s FX reserves up US$195.01 million to US$32.64 billion as Naira...
SAT MAY 18 2024-theGBJournal|The value of the Naira to the dollar weakened by 212 bps week-on-week to print at N1,497.33/$ this week at the...
Naira ends week at N1,466.31/US$; gross reserves level jumps by US$89.76...
SAT MAY 11 2024-theGBJournal|The naira depreciated by 4.5% to N1,466.31/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM), as the total turnover (as of...
