Market – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 22 Jan 2026 09:19:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Market – InfoStride News https://www.theinfostride.com 32 32 Banking Stocks Drive Financial Sector to N9.49tn Market Value https://www.theinfostride.com/banking-stocks-drive-financial-sector-to-n9-49tn-market-value/ https://www.theinfostride.com/banking-stocks-drive-financial-sector-to-n9-49tn-market-value/#respond Tue, 20 Jan 2026 08:00:39 +0000 https://www.theinfostride.com/?p=405785 Source from InfoStride News

]]> https://www.theinfostride.com/banking-stocks-drive-financial-sector-to-n9-49tn-market-value/feed/ 0 Naira strengthens marginally to ₦1,550 per dollar in parallel forex market https://www.theinfostride.com/naira-strengthens-marginally-to-%e2%82%a61550-per-dollar-in-parallel-forex-market/ https://www.theinfostride.com/naira-strengthens-marginally-to-%e2%82%a61550-per-dollar-in-parallel-forex-market/#respond Sat, 12 Jul 2025 11:51:03 +0000 https://www.theinfostride.com/?p=461739 The Nigerian naira experienced a modest appreciation in the parallel foreign exchange (FX) market, rising to ₦1,550 per United States dollar, up from the previous rate of around ₦1,570. This slight gain, though limited, has sparked cautious optimism among currency traders and financial analysts who have closely monitored the currency’s performance amidst lingering economic headwinds [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-strengthens-marginally-to-%e2%82%a61550-per-dollar-in-parallel-forex-market/feed/ 0 Keyamo Advocates for Single African Air Transport Market to Enhance Connectivity and Reduce Airfares https://www.theinfostride.com/keyamo-advocates-for-single-african-air-transport-market-to-enhance-connectivity-and-reduce-airfares/ https://www.theinfostride.com/keyamo-advocates-for-single-african-air-transport-market-to-enhance-connectivity-and-reduce-airfares/#respond Tue, 20 May 2025 21:42:57 +0000 https://www.theinfostride.com/?p=414227 Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has called for the swift implementation of the Single African Air Transport Market (SAATM) to bolster regional integration and lower air travel costs across the continent. Speaking at the 18th Plenary Session of the Banjul Accord Group (BAG) in Abuja, Keyamo emphasized that despite strong political [...]

Source from InfoStride News

]]> https://www.theinfostride.com/keyamo-advocates-for-single-african-air-transport-market-to-enhance-connectivity-and-reduce-airfares/feed/ 0 Equity Market Sheds N1.45 Trillion in a Week https://www.theinfostride.com/equity-market-sheds-n1-45-trillion-in-a-week/ https://www.theinfostride.com/equity-market-sheds-n1-45-trillion-in-a-week/#respond Mon, 20 Jan 2025 10:02:39 +0000 https://www.theinfostride.com/?p=401111 Nigeria’s equity market recorded a significant downturn, losing N1.45 trillion in market capitalization over the past week. This decline has raised concerns among investors and analysts about the short-term outlook of the market amidst prevailing economic challenges. The drop in market value was attributed to widespread sell-offs across various sectors, fueled by uncertainties around macroeconomic [...]

Source from InfoStride News

]]> https://www.theinfostride.com/equity-market-sheds-n1-45-trillion-in-a-week/feed/ 0 Market Capitalization of Eight Banks Rises to ₦7.2 Trillion https://www.theinfostride.com/market-capitalization-of-eight-banks-rises-to-%e2%82%a67-2-trillion/ https://www.theinfostride.com/market-capitalization-of-eight-banks-rises-to-%e2%82%a67-2-trillion/#respond Mon, 30 Dec 2024 20:05:48 +0000 https://www.theinfostride.com/?p=399272 The combined market capitalization of eight leading Nigerian banks has surged to ₦7.2 trillion, reflecting increased investor confidence and strong performance in the financial sector. The significant growth underscores the resilience of the banking industry amidst economic headwinds and evolving market dynamics. The eight banks, which include some of Nigeria’s most prominent financial institutions, have [...]

Source from InfoStride News

]]> https://www.theinfostride.com/market-capitalization-of-eight-banks-rises-to-%e2%82%a67-2-trillion/feed/ 0 Equity Market Reverses Gains with N63bn Loss https://www.theinfostride.com/equity-market-reverses-gains-with-n63bn-loss/ https://www.theinfostride.com/equity-market-reverses-gains-with-n63bn-loss/#respond Tue, 10 Dec 2024 12:29:00 +0000 https://www.theinfostride.com/?p=397262 The Nigerian equity market witnessed a downturn as it shed N63 billion in market capitalization, reversing the gains recorded in the previous trading session. This decline has raised concerns among investors about the market’s short-term volatility amid broader economic uncertainties. Performance Metrics The market capitalization fell from N59.8 trillion to N59.7 trillion, reflecting a 0.11% [...]

Source from InfoStride News

]]> https://www.theinfostride.com/equity-market-reverses-gains-with-n63bn-loss/feed/ 0 FCCPC Warns Against Substandard Sugar in Nigerian Markets https://www.theinfostride.com/fccpc-warns-against-substandard-sugar-in-nigerian-markets/ https://www.theinfostride.com/fccpc-warns-against-substandard-sugar-in-nigerian-markets/#respond Thu, 21 Nov 2024 09:59:32 +0000 https://www.theinfostride.com/?p=395149 The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to consumers about the increasing presence of substandard sugar in Nigerian markets. The Commission urged the public to exercise caution when purchasing sugar, as some products may be improperly labeled or fail to meet the required quality standards. According to the FCCPC, several [...]

Source from InfoStride News

]]> https://www.theinfostride.com/fccpc-warns-against-substandard-sugar-in-nigerian-markets/feed/ 0 Harness Capital Market Potential, SEC Urges Stockbrokers https://www.theinfostride.com/harness-capital-market-potential-sec-urges-stockbrokers/ https://www.theinfostride.com/harness-capital-market-potential-sec-urges-stockbrokers/#respond Sun, 10 Nov 2024 19:04:19 +0000 https://www.theinfostride.com/?p=393514 The Securities and Exchange Commission (SEC) has called on stockbrokers in Nigeria to fully harness the potential of the country’s capital market to foster economic growth and ensure financial stability. In a recent statement, the SEC emphasized that the stockbroking community plays a crucial role in driving the market forward, urging them to take advantage [...]

Source from InfoStride News

]]> https://www.theinfostride.com/harness-capital-market-potential-sec-urges-stockbrokers/feed/ 0 Tinubunomics bite harder as prices of beans, tomato, garri rise by over 30% in one month https://www.theinfostride.com/tinubunomics-bite-harder-as-prices-of-beans-tomato-garri-rise-by-over-30-in-one-month/ https://www.theinfostride.com/tinubunomics-bite-harder-as-prices-of-beans-tomato-garri-rise-by-over-30-in-one-month/#respond Mon, 24 Jun 2024 18:54:11 +0000 https://www.theinfostride.com/?p=381341 The prices of major staple food items such as tomato, beans, garri, and potatoes rose by over 30% in May, according to the National Bureau of Statistics (NBS) food price watch for the month. The continuous rise in prices of goods and services appears unrelenting as the effect of the economic crunch makes life harder [...]

Source from InfoStride News

]]> https://www.theinfostride.com/tinubunomics-bite-harder-as-prices-of-beans-tomato-garri-rise-by-over-30-in-one-month/feed/ 0 Naira Trades at 1,498/$ at Official Market; CBN Tackles Racketeers https://www.theinfostride.com/naira-trades-at-1498-at-official-market-cbn-tackles-racketeers/ https://www.theinfostride.com/naira-trades-at-1498-at-official-market-cbn-tackles-racketeers/#respond Sat, 17 Feb 2024 22:46:35 +0000 https://www.theinfostride.com/?p=370746 The official market has witnessed the Naira trading at 1,498 against the US Dollar, signaling a prevailing exchange rate. In response to a fresh naira slump, the Central Bank of Nigeria (CBN) has reportedly sold $3.3 billion as part of efforts to stabilize the currency. Simultaneously, the CBN is actively combating racketeers involved in currency-related [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-trades-at-1498-at-official-market-cbn-tackles-racketeers/feed/ 0 Naira Gains at Official Market, Weakens to N1500/$ at Parallel Market https://www.theinfostride.com/naira-gains-at-official-market-weakens-to-n1500-at-parallel-market/ https://www.theinfostride.com/naira-gains-at-official-market-weakens-to-n1500-at-parallel-market/#respond Wed, 14 Feb 2024 21:25:51 +0000 https://www.theinfostride.com/?p=370384 The Nigerian Naira has experienced a gain at the official market, while its value has weakened to N1500/$ at the parallel market. This dynamic reflects the ongoing fluctuations in the foreign exchange market and has implications for businesses, consumers, and economic stability. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-gains-at-official-market-weakens-to-n1500-at-parallel-market/feed/ 0 Naira Records Decline at Parallel Market, Officially Closes at 900/$ https://www.theinfostride.com/naira-records-decline-at-parallel-market-officially-closes-at-900/ https://www.theinfostride.com/naira-records-decline-at-parallel-market-officially-closes-at-900/#respond Fri, 26 Jan 2024 23:01:12 +0000 https://www.theinfostride.com/?p=368834 In the latest foreign exchange developments, the Nigerian Naira has experienced a decline at the parallel market, closing at 900 Naira to the US Dollar. This shift in the exchange rate signifies ongoing dynamics in the nation’s currency market, prompting discussions on economic implications and potential factors contributing to the observed changes. The decline in [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-records-decline-at-parallel-market-officially-closes-at-900/feed/ 0 Fire Outbreak at Popular 14-Storey Mandilas Building in Lagos Island https://www.theinfostride.com/fire-outbreak-at-popular-14-storey-mandilas-building-in-lagos-island/ https://www.theinfostride.com/fire-outbreak-at-popular-14-storey-mandilas-building-in-lagos-island/#respond Tue, 23 Jan 2024 13:44:54 +0000 https://www.theinfostride.com/?p=368279 A fire outbreak has been reported at the renowned 14-storey Mandilas Building located in Lagos Island. The incident, which poses a significant threat to property and public safety, has prompted emergency response efforts from firefighting and rescue teams. The Mandilas Building, a prominent structure in Lagos, is known for housing commercial and business establishments. The [...]

Source from InfoStride News

]]> https://www.theinfostride.com/fire-outbreak-at-popular-14-storey-mandilas-building-in-lagos-island/feed/ 0 NGX Sustains Bullish Momentum as All Share Index Crosses 90,000 Mark https://www.theinfostride.com/ngx-sustains-bullish-momentum-as-all-share-index-crosses-90000-mark/ https://www.theinfostride.com/ngx-sustains-bullish-momentum-as-all-share-index-crosses-90000-mark/#respond Wed, 17 Jan 2024 22:41:02 +0000 https://www.theinfostride.com/?p=367811 The Nigerian Exchange Limited (NGX) has continued its bullish roll, with the All Share Index (ASI) crossing the 90,000 mark. The milestone represents a significant upward movement in the stock market, reflecting positive investor sentiment and contributing to the overall vibrancy of the Nigerian capital market. Key Highlights of the Bullish Trend on the NGX: [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ngx-sustains-bullish-momentum-as-all-share-index-crosses-90000-mark/feed/ 0 Naira Weakens Further, Closing at N931.23/$1 at the Official Market https://www.theinfostride.com/naira-weakens-further-closing-at-n931-23-1-at-the-official-market/ https://www.theinfostride.com/naira-weakens-further-closing-at-n931-23-1-at-the-official-market/#respond Wed, 17 Jan 2024 22:37:25 +0000 https://www.theinfostride.com/?p=367802 The Nigerian Naira has experienced a continued weakening trend, closing at N931.23 against the US Dollar at the official market. The depreciation in the exchange rate underscores the challenges faced by the country’s currency and may have implications for various sectors of the economy. Key Points Regarding the Naira’s Weakening: 1. **Exchange Rate Dynamics:** – [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-weakens-further-closing-at-n931-23-1-at-the-official-market/feed/ 0 Stock Markets Experience Decline as Investors Worry About Rate Cut https://www.theinfostride.com/stock-markets-experience-decline-as-investors-worry-about-rate-cut/ https://www.theinfostride.com/stock-markets-experience-decline-as-investors-worry-about-rate-cut/#respond Tue, 16 Jan 2024 12:14:07 +0000 https://www.theinfostride.com/?p=367544 Global stock markets faced a downturn as investors expressed concerns and unease over the prospect of a potential rate cut. This decline reflects the sensitivity of financial markets to changes in interest rates and the impact such adjustments can have on investment strategies and market dynamics. Investors’ apprehension about a rate cut has led to [...]

Source from InfoStride News

]]> https://www.theinfostride.com/stock-markets-experience-decline-as-investors-worry-about-rate-cut/feed/ 0 Feast for Four: Unwrapping the Price Tag of Your Christmas Culinary Delight https://www.theinfostride.com/feast-for-four-unwrapping-the-price-tag-of-your-christmas-culinary-delight/ https://www.theinfostride.com/feast-for-four-unwrapping-the-price-tag-of-your-christmas-culinary-delight/#respond Mon, 25 Dec 2023 23:10:35 +0000 https://www.theinfostride.com/?p=365539 As the festive season looms on the horizon, the culinary landscape in Nigeria finds itself navigating turbulent waters, marked by the relentless surge in food prices propelled by an ominous 28.20% inflation rate, a figure revealed by the November 2023 data from the National Bureau of Statistics (NBS). This surge has cast a shadow over [...]

Source from InfoStride News

]]> https://www.theinfostride.com/feast-for-four-unwrapping-the-price-tag-of-your-christmas-culinary-delight/feed/ 0 NGX Rockets to Record Highs, Igniting Santa Claus Rally Frenzy https://www.theinfostride.com/ngx-rockets-to-record-highs-igniting-santa-claus-rally-frenzy/ https://www.theinfostride.com/ngx-rockets-to-record-highs-igniting-santa-claus-rally-frenzy/#respond Thu, 21 Dec 2023 22:12:58 +0000 https://www.theinfostride.com/?p=365177 Investors find themselves buoyed by an air of optimism as the NGX experiences an impressive surge this week, indicative of a Santa Claus rally in full swing. As of December 20, 2023, the NGX’s all-share index has recorded a remarkable appreciation of 1.39%, reaching an unprecedented high of 73,397.71 points. This surge has also translated [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ngx-rockets-to-record-highs-igniting-santa-claus-rally-frenzy/feed/ 0 NGX Shatters Records: Skyrockets Past 74,000 After Hitting 73,000 in a Day https://www.theinfostride.com/ngx-shatters-records-skyrockets-past-74000-after-hitting-73000-in-a-day/ https://www.theinfostride.com/ngx-shatters-records-skyrockets-past-74000-after-hitting-73000-in-a-day/#respond Thu, 21 Dec 2023 22:03:54 +0000 https://www.theinfostride.com/?p=365170 In an extraordinary trading session, the Nigerian Stock Exchange (NGX) witnessed a historic surge, surpassing the 74,000 mark as the All-Share Index displayed a notable 1.21% increase, culminating at 74,289.02 points. This remarkable achievement follows closely on the heels of the NGX breaching the 73,000 mark just a day prior, accompanied by the market capitalization [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ngx-shatters-records-skyrockets-past-74000-after-hitting-73000-in-a-day/feed/ 0 Pharmaceutical Packaging Market Set to Surge by $48.88 Billion by 2027 https://www.theinfostride.com/pharmaceutical-packaging-market-set-to-surge-by-48-88-billion-by-2027/ https://www.theinfostride.com/pharmaceutical-packaging-market-set-to-surge-by-48-88-billion-by-2027/#respond Mon, 06 Nov 2023 19:07:14 +0000 https://www.theinfostride.com/?p=359616 The pharmaceutical packaging market is poised for substantial growth, with projections indicating an impressive increase of $48.88 billion over the period spanning from 2022 to 2027. This growth is expected to be driven by a compound annual growth rate (CAGR) of 8.44%, demonstrating the remarkable potential of this sector in the coming years. The surge [...]

Source from InfoStride News

]]> https://www.theinfostride.com/pharmaceutical-packaging-market-set-to-surge-by-48-88-billion-by-2027/feed/ 0 Five Ways To Analyze The Forex Market https://www.theinfostride.com/five-ways-to-analyze-the-forex-market/ https://www.theinfostride.com/five-ways-to-analyze-the-forex-market/#respond Thu, 22 Dec 2022 18:49:34 +0000 https://www.theinfostride.com/?p=338339 Trading the forex market can be tricky, from understanding how to read currency prices and trading signals to executing effective strategies that manage risk and updating forex news. That’s why it is important for any trader, new or experienced, to know how to analyse the forex market to make well-informed decisions.  Let’s look at 5 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/five-ways-to-analyze-the-forex-market/feed/ 0 Exchange rate falls as naira trades lower than past month https://www.theinfostride.com/the-exchange-rate-between-the-naira-and-the-us-dollar-recorded-a-sharp-fall-on-friday-morning-21st-october-2022-trading-at-a-minimum-of-n755-1-at-the-black-market-compared-to-n742-1-recorded-on-th/ https://www.theinfostride.com/the-exchange-rate-between-the-naira-and-the-us-dollar-recorded-a-sharp-fall-on-friday-morning-21st-october-2022-trading-at-a-minimum-of-n755-1-at-the-black-market-compared-to-n742-1-recorded-on-th/#respond Fri, 21 Oct 2022 23:15:35 +0000 https://www.theinfostride.com/?p=334614 The exchange rate between the naira and the US dollar recorded a sharp fall on Friday morning, 21st October 2022, trading at a minimum of N755/$1 at the black market compared to N742/$1 recorded on Thursday. This is according to information from black market operators. The depreciation of the local currency at the black market [...]

Source from InfoStride News

]]> https://www.theinfostride.com/the-exchange-rate-between-the-naira-and-the-us-dollar-recorded-a-sharp-fall-on-friday-morning-21st-october-2022-trading-at-a-minimum-of-n755-1-at-the-black-market-compared-to-n742-1-recorded-on-th/feed/ 0 Expect further sell down of equities as CBN hikes interest rate-Operators https://www.theinfostride.com/expect-further-sell-down-of-equities-as-cbn-hikes-interest-rate-operators/ https://www.theinfostride.com/expect-further-sell-down-of-equities-as-cbn-hikes-interest-rate-operators/#respond Thu, 29 Sep 2022 00:23:47 +0000 https://www.theinfostride.com/?p=333281 Market operators have said that the decision of the Central Bank of Nigeria (CBN) to increase the interest rate by 15.5% would further depress investors’ appetite for equities to embrace money market instruments.  The operators who said the investors will migrate their financial assets away from equities to money market instruments.  The MPC voted to [...]

Source from InfoStride News

]]> https://www.theinfostride.com/expect-further-sell-down-of-equities-as-cbn-hikes-interest-rate-operators/feed/ 0 NGX closes negative with the market cap down by N88 billion https://www.theinfostride.com/ngx-closes-negative-with-the-market-cap-down-by-n88-billion/ https://www.theinfostride.com/ngx-closes-negative-with-the-market-cap-down-by-n88-billion/#respond Sun, 25 Sep 2022 23:45:24 +0000 https://www.theinfostride.com/?p=333091 The Nigerian Bourse (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, weighing down the broad market by 47 basis point. The All-share Index (ASI) depreciated by 0.47% to close at 49,190.34 points.   In the same vein, Market Capitalization declined by N88 billion to close at N26.45 trillion while the Year-to-Date (YtD) returns [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ngx-closes-negative-with-the-market-cap-down-by-n88-billion/feed/ 0 British pound drops to weakest level in nearly 40 years against the US dollar https://www.theinfostride.com/british-pound-drops-to-weakest-level-in-nearly-40-years-against-the-us-dollar/ https://www.theinfostride.com/british-pound-drops-to-weakest-level-in-nearly-40-years-against-the-us-dollar/#respond Wed, 07 Sep 2022 20:11:00 +0000 https://www.theinfostride.com/?p=332037 A bleak economic outlook and the most recent surge in the value of the US dollar have caused the pound to decline to its lowest point in over four decades. Sterling dropped as much as 1% to $1.141, a low last reached by Margaret Thatcher’s government in 1985. The economic picture is difficult, just like [...]

Source from InfoStride News

]]> https://www.theinfostride.com/british-pound-drops-to-weakest-level-in-nearly-40-years-against-the-us-dollar/feed/ 0 Losses from Chams, FCMB, 14 other stocks extend market downturn https://www.theinfostride.com/losses-from-chams-fcmb-14-other-stocks-extend-market-downturn/ https://www.theinfostride.com/losses-from-chams-fcmb-14-other-stocks-extend-market-downturn/#respond Wed, 07 Sep 2022 20:02:16 +0000 https://www.theinfostride.com/?p=332033 Activities on the Nigerian Exchange Limited (NGX) sustained a southward trajectory following losses recorded by blue chip firms.  Checks by Nairametrics showed that the gains recorded in the shares of Chams Plc, FCMB Plc and other blue-chip stocks dragged market capitalisation to further lose N24 billion or 0.09%, accumulating days of a bearish trend.  Consequently, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/losses-from-chams-fcmb-14-other-stocks-extend-market-downturn/feed/ 0 Fidelity Bank’s acquisition of a loss-making Union Bank UK could cost over N20 billion https://www.theinfostride.com/fidelity-banks-acquisition-of-a-loss-making-union-bank-uk-could-cost-over-n20-billion/ https://www.theinfostride.com/fidelity-banks-acquisition-of-a-loss-making-union-bank-uk-could-cost-over-n20-billion/#respond Thu, 01 Sep 2022 12:51:57 +0000 https://www.theinfostride.com/?p=331662 Fidelity Bank Plc informed investors it has agreed to buy 100% of Union Bank UK, a subsidiary of Union Bank Plc which earlier in the year was acquired by Titan Merchant Bank. According to Fidelity Bank’s Managing Director/Chief Executive Officer Mrs. Nneka Onyeali-Ikpe, the transaction aligns with their strategic plan of “expanding” their service touchpoints [...]

Source from InfoStride News

]]> https://www.theinfostride.com/fidelity-banks-acquisition-of-a-loss-making-union-bank-uk-could-cost-over-n20-billion/feed/ 0 Stock market sets new milestone as investors gain over N5tr in four months https://www.theinfostride.com/stock-market-sets-new-milestone-as-investors-gain-over-n5tr-in-four-months/ https://www.theinfostride.com/stock-market-sets-new-milestone-as-investors-gain-over-n5tr-in-four-months/#respond Wed, 18 May 2022 21:46:46 +0000 https://www.theinfostride.com/?p=325050 Amid uncertainties in the global economy and rising insecurity in the country, the nation’s stock market continued its bullish run, giving hope to patient investors who endured long periods of downturn on the Nigerian Exchange Limited (NGX). After getting to a rock-bottom low for several years, the equities market have recorded an unprecedented upbeat rally since the beginning [...]

Source from InfoStride News

]]> https://www.theinfostride.com/stock-market-sets-new-milestone-as-investors-gain-over-n5tr-in-four-months/feed/ 0 Naira starts first trading day on good note at N422/$ https://www.theinfostride.com/naira-starts-first-trading-day-on-good-note-at-n422/ https://www.theinfostride.com/naira-starts-first-trading-day-on-good-note-at-n422/#respond Wed, 05 Jan 2022 22:50:50 +0000 https://www.theinfostride.com/?p=316124 Naira opened trading for the year at the Investors and Exporters’ (I & E) window on an upswing yesterday. It was quoted at N422.67 per dollar, gaining N8.75, as against last year’s closing rate of N435/$. The Guardian reported earlier that the local currency fell to a record low at the spot market on the [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-starts-first-trading-day-on-good-note-at-n422/feed/ 0 Naira goes down to record low amid new year uncertainties https://www.theinfostride.com/naira-goes-down-to-record-low-amid-new-year-uncertainties/ https://www.theinfostride.com/naira-goes-down-to-record-low-amid-new-year-uncertainties/#respond Mon, 03 Jan 2022 17:18:20 +0000 https://www.theinfostride.com/?p=315930  This came amid uncertainty about the market outlook as the economy wobbles into a new year. With the closure rate, naira had sold at a discount of over 15 per cent to a dollar at the official Nigerian Autonomous Foreign Exchange (NAFEX) window last year. Trading opened last year at N410/$ but the exchange rate [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-goes-down-to-record-low-amid-new-year-uncertainties/feed/ 0 Naira goes lower as it trades N422 to the dollar in the official market https://www.theinfostride.com/naira-goes-lower-as-it-trades-n422-to-the-dollar-in-the-official-market/ https://www.theinfostride.com/naira-goes-lower-as-it-trades-n422-to-the-dollar-in-the-official-market/#respond Sun, 17 Oct 2021 21:44:55 +0000 https://www.theinfostride.com/?p=310665 The Nigerian naira has hit another low by 2.6% to N422 per dollar, hitting an all-time low at the Nigerian autonomous foreign exchange (NAFEX) rate — the default FX reference for official and legitimate transactions. The sharp decline came days after Vice-President Yemi Osinbajo called the CBN to allow the naira to reflect the realities [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-goes-lower-as-it-trades-n422-to-the-dollar-in-the-official-market/feed/ 0 First Bank appreciates broad market cap up by N80.36 billion https://www.theinfostride.com/first-bank-appreciates-in-broad-market-cap-up-by-n80-36-billion/ https://www.theinfostride.com/first-bank-appreciates-in-broad-market-cap-up-by-n80-36-billion/#respond Wed, 13 Oct 2021 22:04:31 +0000 https://www.theinfostride.com/?p=310313 First Bank Plc traded over 148 million units of its shares after today’s trading session valued at N1.67 billion making the Tier-1 bank the highest traded shares, in volume and value, on the exchange today. The buy-interests in the shares of the bank drove the price higher by 2.82% from the previous day’s closing price [...]

Source from InfoStride News

]]> https://www.theinfostride.com/first-bank-appreciates-in-broad-market-cap-up-by-n80-36-billion/feed/ 0 Champion Breweries profits N1.80 billion in market value, up 10% https://www.theinfostride.com/champion-breweries-profits-n1-80-billion-in-market-value-up-10/ https://www.theinfostride.com/champion-breweries-profits-n1-80-billion-in-market-value-up-10/#respond Tue, 12 Oct 2021 22:32:21 +0000 https://www.theinfostride.com/?p=310241 Champion Breweries Plc share price appreciated by 10.00% to close at N2.53 per share, taking the Market capitalization from N18.01 billion to N19.81 billion following today’s trading session. Champion Breweries Plc, today recorded a gain in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company [...]

Source from InfoStride News

]]> https://www.theinfostride.com/champion-breweries-profits-n1-80-billion-in-market-value-up-10/feed/ 0 Nigeria recorded $85.21bn net foreign liabilities – IMF https://www.theinfostride.com/nigeria-recorded-85-21bn-net-foreign-liabilities-imf/ https://www.theinfostride.com/nigeria-recorded-85-21bn-net-foreign-liabilities-imf/#respond Mon, 16 Aug 2021 14:52:33 +0000 https://www.theinfostride.com/?p=303988 Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign assets rose by 13.67 per cent from $89.87bn. Foreign assets are the investment securities owned by the [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigeria-recorded-85-21bn-net-foreign-liabilities-imf/feed/ 0 Bitcoin shoots above $40,000 https://www.theinfostride.com/bitcoin-shoots-above-40000/ https://www.theinfostride.com/bitcoin-shoots-above-40000/#respond Wed, 28 Jul 2021 19:50:47 +0000 https://www.theinfostride.com/?p=302280 Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months-long range as short-sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors. Bitcoin was last up 1.7% at $40,149 while rival cryptocurrency ether rose 1% to $2,328. Bitcoin is within a whisker [...]

Source from InfoStride News

]]> https://www.theinfostride.com/bitcoin-shoots-above-40000/feed/ 0 Naira goes down at black market https://www.theinfostride.com/naira-goes-down-at-black-market/ https://www.theinfostride.com/naira-goes-down-at-black-market/#respond Sat, 17 Jul 2021 22:22:59 +0000 https://www.theinfostride.com/?p=301068 The naira fell marginally against the U.S dollar at the parallel market segment on Friday after maintaining stability for five consecutive sessions simultaneously. However, the local unit clinched a pronounced gain at the official market after it also remained unchanged in the previous session on Thursday. Data gleaned on abokiFX.com, a website that displays parallel [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-goes-down-at-black-market/feed/ 0 Inflation as hunger loom over fresh strike by food sellers https://www.theinfostride.com/inflation-as-hunger-loom-over-fresh-strike-by-food-sellers/ https://www.theinfostride.com/inflation-as-hunger-loom-over-fresh-strike-by-food-sellers/#respond Thu, 10 Jun 2021 23:27:16 +0000 https://www.theinfostride.com/?p=296828 The Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff nationwide if insecurity is not addressed by the Federal Government. A drastic drop in food supply would have an adverse effect on inflation and household incomes. The National President of the union, Muhammed Tahir, who [...]

Source from InfoStride News

]]> https://www.theinfostride.com/inflation-as-hunger-loom-over-fresh-strike-by-food-sellers/feed/ 0 Naira slides further at official market https://www.theinfostride.com/naira-slides-further-at-official-market/ https://www.theinfostride.com/naira-slides-further-at-official-market/#respond Wed, 09 Jun 2021 23:02:02 +0000 https://www.theinfostride.com/?p=296709 Naira depreciated further against the U.S. dollar at the official market, also known as the Investors and Exporters (I&E) window on Tuesday, data posted on the FMDQ Security Exchange where forex is officially traded showed.   The domestic currency remained stable at the black market.   Data from the I& E window showed that the [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-slides-further-at-official-market/feed/ 0 El Salvador approves Bitcoin as legal tender https://www.theinfostride.com/el-salvador-approves-bitcoin-as-legal-tender/ https://www.theinfostride.com/el-salvador-approves-bitcoin-as-legal-tender/#respond Wed, 09 Jun 2021 22:54:42 +0000 https://www.theinfostride.com/?p=296704 Bitcoin is to become legal tender in El Salvador, the country’s president said, making it the first nation to adopt a cryptocurrency for everyday use. Lawmakers in the Central American nation’s Congress passed a bill late Tuesday that will eventually allow the famously volatile digital currency to be used for many aspects of daily life, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/el-salvador-approves-bitcoin-as-legal-tender/feed/ 0 Stocks making the biggest moves in the premarket: GameStop, Koss Corp, Wayfair & more https://www.theinfostride.com/stocks-making-the-biggest-moves-in-the-premarket-gamestop-koss-corp-wayfair-more/ https://www.theinfostride.com/stocks-making-the-biggest-moves-in-the-premarket-gamestop-koss-corp-wayfair-more/#respond Thu, 25 Feb 2021 22:34:55 +0000 https://www.theinfostride.com/?p=285894 GameStop (GME) – GameStop remains on watch after another Reddit-fueled surge Wednesday; in the video game retailer’s shares, as well as other so-called “Reddit stocks” like BlackBerry (BB); AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop surged 55.8% premarket, while AMC rose 12.9%, BlackBerry gained 4.3% and Koss soared 81.3%. Best Buy (BBY) – The [...]

Source from InfoStride News

]]> https://www.theinfostride.com/stocks-making-the-biggest-moves-in-the-premarket-gamestop-koss-corp-wayfair-more/feed/ 0 Pogba Is Not On The Market – Mino Raiola https://www.theinfostride.com/pogba-is-not-on-the-market-mino-raiola/ Mon, 08 Oct 2018 05:04:15 +0000 https://www.theinfostride.com/?p=218109 The agent of Paul Pogba and Zlatan Ibrahimovic, Mino Raiola, has spoken about the futures of two of his top clients. Pogba, 25, has had a strained relationship with Manchester United manager Jose Mourinho this year and sources have said that new contract talks are on hold while he considers his future at Old Trafford. [...]

Source from InfoStride News

]]> I Will Assist Affected Traders In The Market Fire Disaster – Nyesom Wike https://www.theinfostride.com/i-will-assist-affected-traders-in-the-market-fire-disaster-nyesom-wike/ Sat, 29 Sep 2018 19:00:39 +0000 https://www.theinfostride.com/?p=217434 Nyesom Wike of Rivers has expressed sadness over the fire incident at the Fruits and Vegetables Market in Port Harcourt, declaring that his administration will assist the affected traders. The Governor made his feelings known when he led some members of his cabinet and some leaders of the state for on the spot assessment of [...]

Source from InfoStride News

]]> USA Is A Key Market For Barcelona – Josep Maria Bartomeu https://www.theinfostride.com/usa-is-a-key-market-for-barcelona-josep-maria-bartomeu/ Wed, 01 Aug 2018 22:14:55 +0000 https://www.theinfostride.com/?p=212437 Barcelona will continue to target the United States market and want to promote the growth of football in the country, particularly in the women’s game, president Josep Maria Bartomeu has said. “It is a key market for us,” Bartomeu said. “In the U.S. football, more and more, is a sport that is more inside society. [...]

Source from InfoStride News

]]> Our Effort Is To Provide Clean And Healthy Environment In Our Market – Abiola Ajimobi https://www.theinfostride.com/our-effort-is-to-provide-clean-and-healthy-environment-in-our-market-abiola-ajimobi/ Tue, 03 Jul 2018 04:39:08 +0000 https://www.theinfostride.com/?p=210011 Gov. Abiola Ajimobi of Oyo State has vowed that those involved in the Bodija market mayhem which led to the burning down of a police station would be arrested and prosecuted. There was mayhem at the Bodija market in Ibadan on Thursday as suspected hoodlums allegedly clashed with some police officers. The crisis led to [...]

Source from InfoStride News

]]> Yobe State Market Operates According To The Market Forces – Babagana Madu https://www.theinfostride.com/yobe-state-market-operates-according-to-the-market-forces-babagana-madu/ Mon, 28 May 2018 01:00:43 +0000 https://www.theinfostride.com/?p=207461 Some residents of Yobe, on Saturday in Damaturu, decried the hike in the prices of some food items usually consumed this Ramadan. A resident, Mallam Zarau Gulani, expressed concern on the development in an interview with the News Agency of Nigeria (NAN) Gulani said that a yam that usually cost N3, 000 before the commencement [...]

Source from InfoStride News

]]> We Will Back Unai Emery In The Transfer Market- Ivan Gazidis https://www.theinfostride.com/we-will-back-unai-emery-in-the-transfer-market-ivan-gazidis/ Fri, 25 May 2018 22:02:45 +0000 https://www.theinfostride.com/?p=207290 Ivan Gazidis has promised to back new head coach Unai Emery with “all the resources of the club” in the transfer market, and said the Spaniard earned the job with the help of an “extremely impressive” interview and “a chemistry between us.” “All the money has always been available for our manager. And that will [...]

Source from InfoStride News

]]> BBNaija’s Khloe Did Not Sell Her Market – K-Solo https://www.theinfostride.com/bbnaijas-khloe-did-not-sell-her-market-k-solo/ Tue, 20 Feb 2018 14:32:17 +0000 https://www.theinfostride.com/?p=200137 After the disqualification of Khloe and K-brule from the house last weekend, fans of the show have been chastising Khloe for insulting K-brule’s parents. K-Solo, also registered his great displeasure through his Twitter account, while emphasising on her failure to sell her service which she offers outside the house, while inside. He tweeted: “Khloe Omo [...]

Source from InfoStride News

]]> I’m Deeply Grateful For The Heroic Firemen At Yola Township Market – Atiku Abubakar https://www.theinfostride.com/im-deeply-grateful-for-the-heroic-firemen-at-yola-township-market-atiku-abubakar/ Sat, 20 Jan 2018 21:34:59 +0000 https://www.theinfostride.com/?p=196817 Atiku Abubakar has shared his sympathy for traders who lost their properties to the separate fire incidents that happened in Yola Township Market and the Plank Market in Ibadan over the past week. He posted “My deepest sympathies to all those who lost property in the fires that destroyed the Yola Township Market and the [...]

Source from InfoStride News

]]> CBN Will Continue To Intervene In The Interbank Foreign Exchange Market – Isaac Okorafor https://www.theinfostride.com/cbn-will-continue-to-intervene-in-the-interbank-foreign-exchange-market-isaac-okorafor/ Thu, 18 Jan 2018 18:59:46 +0000 https://www.theinfostride.com/?p=196673 The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Mr Isaac Okorafor on Monday in Abuja said that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He said that the Small and [...]

Source from InfoStride News

]]> Mechanisation Will Help Us Compete In The Agricultural Market – Godwin Obaseki https://www.theinfostride.com/mechanisation-will-help-us-compete-in-the-agricultural-market-godwin-obaseki/ Mon, 16 Oct 2017 22:50:13 +0000 http://www.theinfostride.com/?p=185551 The Edo Government is aiming for a minimum of 250,000 hectares of land for cultivation to boost agricultural production within the next two years. Gov. Godwin Obaseki of Edo disclosed this recently. “The importance of embracing agriculture as an administration via focusing on food security, large scale farming, and access to land, information and improved [...]

Source from InfoStride News

]]>