AGS NEWS – The Naira significantly gained against the dollar at the foreign exchange market 24 hours after depreciation. FMDQ data showed that the naira appreciated to N1,555.75 per dollar on Wednesday from N1637.59 on Tuesday. This represents an N81 … Continue reading Naira gains massively against dollar
AGS NEWS – The Central Bank of Nigeria (CBN) has issued a reminder to banks in the country, emphasizing that they cannot use their foreign exchange revaluation gains to pay dividends or cover operational expenses. This caution came through a … Continue reading Banks prohibited from using FX revaluation gains for dividends – CBN
After four consecutive days of bearish trading, the Nigerian Exchange Limited experienced a bullish upturn on Wednesday, resulting in investors gaining N41 billion. Both the market capitalization and All-Share Index saw a 0.12 percent rise, closing at N34.973 trillion and … Continue reading Equity market rebounds with N41bn gains after four day dip
AGS NEWS 