With reference to the All-Share Index, the Nigerian stock market concluded on a high note on August 26, adding 321.59 points and extending its upward momentum for the third consecutive session after a week of declines. Ending the day at 141,761.36, up from an opening of 141,439.77, the index grew by 0.23%, resulting in a…
On Thursday, Bank of Japan board member Junko Nakagawa expressed concerns that ongoing ambiguity related to U.S. tariff regulations could negatively impact corporate and consumer confidence, potentially hampering both the Japanese and global economies. Nakagawa remarked in a speech available on the BOJ’s website that although a trade deal has been established between Japan and…
China has donated $1 million to Nigeria to support affected by the recent devastating floods. The donation was formalised on Wednesday in Abuja through a signing ceremony between the Chinese government and Nigeria’s Ministry of Budget and Economic Planning, as reported by the News Agency of Nigeria (NAN). At the event, Chinese Ambassador to Nigeria,…
The naira yesterday recorded further weakness against the United States dollar, with the margin between the official and parallel market exchange rates widening to N13 per dollar. Figures from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,537 per dollar, a one-kobo depreciation from Monday’s N1,536.99 per dollar. In contrast, the…
