Students want 'Banker to the Poor', Muhammad Yunus, as Bangladesh new leaderThe Nigerian Exchange Limited is experiencing more pressure, as investors continue to face uncertainty about investing and trading in the country. This is a result of the global market decline. This crisis has led to a N93bn loss in market capitalization which now stands at N55.40tn. The All-Share Index fell to 97,582.
On Monday, the domestic bourse saw a significant downturn, with investors losing N93 billion due to uncertainties from recent protests and looting. TheThe banking sector was notably affected, with some branches shutting down due to vandalism fears. He stressed the importance of cautious monetary policy by the Central Bank of Nigeria , which is unlikely to lower rates soon given the high inflation. He advised investors not to panic over global market events.
The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market , showed that the Naira gained N9.93. This represents a 0.61 per cent gain when compared to the previous trading…
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Naira falls to N1,561/$ in official market — lowest in three monthsThe Nigerian naira dropped to N1,561.98 against the dollar, on Wednesday, at the country’s official exchange rate window — the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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