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  •  The following are the dollar to naira exchange rate in Lagos Nigeria today It also includes the Naira Back Market rates Bureau De Change BDC rate and Central Bank of Nigeria CBN rates nbsp https www youtube com watch v T_Pmf3rRxvc nbsp nbsp Dollars to Naira The following are the dollar to naira current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying United States dollars USD at the parallel unofficial market Dollars to Naira USD to NGN Exchange Rate Today Buying Rate 770 Selling Rate 775 nbsp gggggg nbsp Pounds to Naira The following are the current pounds to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Great Britain Pound Sterling at the parallel unofficial market Pounds to Naira GBP to NGN Exchange Rate Today Buying Rate 910 Selling Rate 920 nbsp gggggg nbsp Euro to Naira The following are the current Euro to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Euros at the parallel unofficial market Euro to Naira CAD to NGN Black Market Exchange Rate Today Buying Rate 760 Selling Rate 770 nbsp gggggg Canadian Dollar to Naira The following are the current CAD to naira black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Canadian Dollars at the parallel unofficial market Canadian Dollar to Naira CAD to NGN Black Market Exchange Rate Today Buying Rate 540 Selling Rate 560 nbsp gggggg Rand to Naira The following are the current Rand to naira black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Rand to Naira at the parallel unofficial market Rand to Naira ZAR to NGN Black Market Exchange Rate Today Buying Rate 31 Selling Rate 38 nbsp gggggg Dirham to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Dirham to Naira at the parallel unofficial market Dirham to Naira AED to NGN Black Market Exchange Rate Today Buying Rate 155 Selling Rate 165 nbsp gggggg nbsp Yuan to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Yuan to Naira at the parallel unofficial market Yuan to Naira CNY to NGN Black Market Exchange Rate Today Buying Rate 80 Selling Rate 90 nbsp gggggg nbsp Ghanaian Cedi to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel unofficial market Cedi to Naira GHS to NGN Black Market Exchange Rate Today Buying Rate 65 Selling Rate 75 nbsp gggggg West African CFA franc to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying West African CFA franc to Naira at the parallel unofficial market Dirham to Naira XOF to NGN Black Market Exchange Rate Today Buying Rate 945 Selling Rate 965 nbsp nbsp Central African CFA franc to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel unofficial market CFA to Naira XAF to NGN Black Market Exchange Rate Today Buying Rate 900 Selling Rate 920 nbsp CBN Official Naira Exchange Rates The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria CBN Currency Exchange Rate where forex is official Date Currency Buying NGN Central NGN Selling NGN 11 22 2022 US DOLLAR 442 76 443 26 443 76 11 22 2022 POUNDS STERLING 525 7775 526 3713 526 965 11 22 2022 EURO 454 5374 455 0507 455 564 11 22 2022 SWISS FRANC 463 6716 464 1952 464 7188 11 22 2022 YEN 3 1359 3 1395 3 143 11 22 2022 CFA 0 6719 0 6819 0 6919 11 22 2022 WAUA 576 3837 577 0346 577 6855 11 22 2022 YUAN RENMINBI 62 0103 62 0808 62 1513 11 22 2022 RIYAL 117 8023 117 9353 118 0684 11 22 2022 SOUTH AFRICAN RAND 25 6548 25 6837 25 7127 11 22 2022 DANISH KRONA 61 0998 61 1688 61 2378 11 22 2022 SDR 577 4033 578 0554 578 7074 11 21 2022 US DOLLAR 442 63 443 13 443 63 11 21 2022 POUNDS STERLING 522 6132 523 2036 523 7939 11 21 2022 EURO 453 4744 453 9867 454 4989 11 21 2022 SWISS FRANC 461 9391 462 4609 462 9827 11 21 2022 YEN 3 1171 3 1206 3 1242 11 21 2022 CFA 0 6795 0 6895 0 6995 11 21 2022 WAUA 579 6684 580 3232 580 978 11 21 2022 YUAN RENMINBI 61 7594 61 8296 61 8998 11 21 2022 RIYAL 117 7646 117 8976 118 0306 11 21 2022 SOUTH AFRICAN RAND 25 4593 25 488 25 5168 11 21 2022 DANISH KRONA 60 954 61 0229 61 0918 11 21 2022 SDR 580 9519 581 6081 582 2644 11 18 2022 US DOLLAR 442 49 442 99 443 49 Date Currency Buying NGN Central NGN Selling NGN nbsp Click here for more of the CBN Naira Exchange rate historical data nbsp GTBank Naira Exchange Rates Bank Currency Rate Date GTBank USD to Naira 490 16 10 2022 nbsp First Bank Naira Exchange Rates Currency Rate Date GBP 706 05 09 2022 EUR 602 18 07 2022 CAD 466 18 07 2022 USD 500 04 07 2022 INR 5 80 01 05 2021 RUB 6 20 01 05 2021 nbsp Access Bank Naira Exchange Rates Currency Rate Date USD To Naira 505 30 04 2022 EUR To Naira 531 31 08 2021 GBP To Naira 621 28 08 2021 CAD To Naira 357 18 08 2021 ZAR To Naira 31 18 08 2021 INR To Naira 6 18 08 2021 TRY To Naira 52 18 08 2021 AUD To Naira 299 01 05 2021 RUB To Naira 7 10 01 05 2021 SGD To Naira 268 01 05 2021 AED To Naira 109 26 11 2020 XOF To Naira 800 15 08 2020 nbsp UBA Naira Exchange Rates Currency Rate Date INR To Naira 6 12 15 10 2022 USD To Naira 503 29 04 2022 EUR To Naira 566 31 08 2021 GBP To Naira 622 23 07 2021 CAD To Naira 316 01 05 2021 AED To Naira 119 08 08 2020 nbsp Ecobank Naira Exchange Rates Currency Rate Date USD To Naira 480 23 03 2022 GBP To Naira 621 23 07 2021 EUR To Naira 499 45 16 06 2021 AED To Naira 107 15 08 2020 CAD To Naira 299 30 06 2020 INR To Naira 5 9 25 06 2020 nbsp Stanbic Bank Naira Exchange Rates Currency Rate Date USD To Naira 475 21 01 2022 EUR To Naira 543 22 07 2021 GBP To Naira 646 03 06 2021 CAD To Naira 337 01 05 2021 TRY To Naira 69 01 05 2021 nbsp nbsp Convert US Dollar to Nigerian Naira 1 USD Dollar is 442 134 NGN USD NGN 1 USD 442 134 NGN 5 USD 2 210 67 NGN 10 USD 4 421 34 NGN 25 USD 11 053 4 NGN 50 USD 22 106 7 NGN 100 USD 44 213 4 NGN 500 USD 221 067 NGN 1 000 USD 442 134 NGN 5 000 USD 2 210 670 NGN 10 000 USD 4 421 340 NGN 50 000 USD 22 106 700 NGN nbsp Convert Nigerian Naira to US Dollar NGN USD 1 NGN 0 00226176 USD 5 NGN 0 0113088 USD 10 NGN 0 0226176 USD 25 NGN 0 0565439 USD 50 NGN 0 113088 USD 100 NGN 0 226176 USD 500 NGN 1 13088 USD 1 000 NGN 2 26176 USD 5 000 NGN 11 3088 USD 10 000 NGN 22 6176 USD 50 000 NGN 113 088 USD nbsp 1 US Dollar to Nigerian Naira stats Last 30 Days Last 90 Days High 442 67 442 67 Low 436 36 420 31 Average 439 32 432 43 Volatility 0 10 0 10 nbsp The following are the euro to dollar exchange rates today It also includes the euro to pounds exchange rates euro to yen exchange rates and euro to naira exchange rates among others nbsp Convert Euro to US Dollar EUR USD 1 EUR 1 04179 USD 5 EUR 5 20895 USD 10 EUR 10 4179 USD 25 EUR 26 0447 USD 50 EUR 52 0895 USD 100 EUR 104 179 USD 500 EUR 520 895 USD 1 000 EUR 1 041 79 USD 5 000 EUR 5 208 95 USD 10 000 EUR 10 417 9 USD 50 000 EUR 52 089 5 USD nbsp Convert US Dollar to Euro The following is the current United States Dollar USD conversion to Euro USD EUR 1 USD 0 959887 EUR 5 USD 4 79943 EUR 10 USD 9 59887 EUR 25 USD 23 9972 EUR 50 USD 47 9943 EUR 100 USD 95 9887 EUR 500 USD 479 943 EUR 1 000 USD 959 887 EUR 5 000 USD 4 799 43 EUR 10 000 USD 9 598 87 EUR 50 000 USD 47 994 3 EUR nbsp 1 Euro to US Dollar stats Last 30 Days Last 90 Days High 1 0395 1 0395 Low 0 97498 0 95960 Average 1 0104 0 99545 Volatility 0 81 0 70 Convert US Dollar to Euro USD EUR 10 USD 9 75844 EUR 25 USD 24 3961 EUR 50 USD 48 7922 EUR 100 USD 97 5844 EUR nbsp nbsp nbsp FAQ Q What is the Dollar worth against the Nigerian Naira A One Dollar is worth 442 655 Nigerian Naira today nbsp Q Is the Dollar going up or down against the Nigerian Naira A Today s exchange rate 442 655 is lower compared to yesterday s rate 442 8151 nbsp Q What are 50 Dollars in Nigerian Naira A 50 Dollars buys 22132 75 Nigerian Naira at interbank exchange rates nbsp Q How much is 100 US in euro A 100 USD is currently equal to 97 5844 EUR Aboki FX The Central Bank of Nigeria CBN has said it is investigating Oniwinde Adedotun the founder of abokiFX Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014 On Thursday 16th of September 2021 abokiFX reported that the naira was trading at 570 to the dollar at the parallel market An insider familiar with the events said that unusual forex transactions were found in his account suggesting the promoters of the platform have been involved in illegal forex trading The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX vetting every forex transaction from 2019 to 2021 Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation but another source within the bank said he could not confirm the rumors There would be a lot more clarity after the next monetary policy committee MPC meeting tomorrow the source said AbokiFX registered in Arizona United States is the 63rd most visited website in Nigeria as of September 16 2021 nbsp Disclaimer This article does not set or determine forex rates The official NAFEX rates are obtained from the website of the FMDQOTC Parallel market rates black market rates are obtained from various sources including online media outlets The rates you buy or sell forex may be different from what is captured in this article nbsp Last Updated on 2022 11 30 11 41 03
    Naira Black Market Exchange Rate Today
     The following are the dollar to naira exchange rate in Lagos Nigeria today It also includes the Naira Back Market rates Bureau De Change BDC rate and Central Bank of Nigeria CBN rates nbsp https www youtube com watch v T_Pmf3rRxvc nbsp nbsp Dollars to Naira The following are the dollar to naira current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying United States dollars USD at the parallel unofficial market Dollars to Naira USD to NGN Exchange Rate Today Buying Rate 770 Selling Rate 775 nbsp gggggg nbsp Pounds to Naira The following are the current pounds to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Great Britain Pound Sterling at the parallel unofficial market Pounds to Naira GBP to NGN Exchange Rate Today Buying Rate 910 Selling Rate 920 nbsp gggggg nbsp Euro to Naira The following are the current Euro to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Euros at the parallel unofficial market Euro to Naira CAD to NGN Black Market Exchange Rate Today Buying Rate 760 Selling Rate 770 nbsp gggggg Canadian Dollar to Naira The following are the current CAD to naira black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Canadian Dollars at the parallel unofficial market Canadian Dollar to Naira CAD to NGN Black Market Exchange Rate Today Buying Rate 540 Selling Rate 560 nbsp gggggg Rand to Naira The following are the current Rand to naira black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Rand to Naira at the parallel unofficial market Rand to Naira ZAR to NGN Black Market Exchange Rate Today Buying Rate 31 Selling Rate 38 nbsp gggggg Dirham to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Dirham to Naira at the parallel unofficial market Dirham to Naira AED to NGN Black Market Exchange Rate Today Buying Rate 155 Selling Rate 165 nbsp gggggg nbsp Yuan to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Yuan to Naira at the parallel unofficial market Yuan to Naira CNY to NGN Black Market Exchange Rate Today Buying Rate 80 Selling Rate 90 nbsp gggggg nbsp Ghanaian Cedi to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel unofficial market Cedi to Naira GHS to NGN Black Market Exchange Rate Today Buying Rate 65 Selling Rate 75 nbsp gggggg West African CFA franc to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying West African CFA franc to Naira at the parallel unofficial market Dirham to Naira XOF to NGN Black Market Exchange Rate Today Buying Rate 945 Selling Rate 965 nbsp nbsp Central African CFA franc to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel unofficial market CFA to Naira XAF to NGN Black Market Exchange Rate Today Buying Rate 900 Selling Rate 920 nbsp CBN Official Naira Exchange Rates The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria CBN Currency Exchange Rate where forex is official Date Currency Buying NGN Central NGN Selling NGN 11 22 2022 US DOLLAR 442 76 443 26 443 76 11 22 2022 POUNDS STERLING 525 7775 526 3713 526 965 11 22 2022 EURO 454 5374 455 0507 455 564 11 22 2022 SWISS FRANC 463 6716 464 1952 464 7188 11 22 2022 YEN 3 1359 3 1395 3 143 11 22 2022 CFA 0 6719 0 6819 0 6919 11 22 2022 WAUA 576 3837 577 0346 577 6855 11 22 2022 YUAN RENMINBI 62 0103 62 0808 62 1513 11 22 2022 RIYAL 117 8023 117 9353 118 0684 11 22 2022 SOUTH AFRICAN RAND 25 6548 25 6837 25 7127 11 22 2022 DANISH KRONA 61 0998 61 1688 61 2378 11 22 2022 SDR 577 4033 578 0554 578 7074 11 21 2022 US DOLLAR 442 63 443 13 443 63 11 21 2022 POUNDS STERLING 522 6132 523 2036 523 7939 11 21 2022 EURO 453 4744 453 9867 454 4989 11 21 2022 SWISS FRANC 461 9391 462 4609 462 9827 11 21 2022 YEN 3 1171 3 1206 3 1242 11 21 2022 CFA 0 6795 0 6895 0 6995 11 21 2022 WAUA 579 6684 580 3232 580 978 11 21 2022 YUAN RENMINBI 61 7594 61 8296 61 8998 11 21 2022 RIYAL 117 7646 117 8976 118 0306 11 21 2022 SOUTH AFRICAN RAND 25 4593 25 488 25 5168 11 21 2022 DANISH KRONA 60 954 61 0229 61 0918 11 21 2022 SDR 580 9519 581 6081 582 2644 11 18 2022 US DOLLAR 442 49 442 99 443 49 Date Currency Buying NGN Central NGN Selling NGN nbsp Click here for more of the CBN Naira Exchange rate historical data nbsp GTBank Naira Exchange Rates Bank Currency Rate Date GTBank USD to Naira 490 16 10 2022 nbsp First Bank Naira Exchange Rates Currency Rate Date GBP 706 05 09 2022 EUR 602 18 07 2022 CAD 466 18 07 2022 USD 500 04 07 2022 INR 5 80 01 05 2021 RUB 6 20 01 05 2021 nbsp Access Bank Naira Exchange Rates Currency Rate Date USD To Naira 505 30 04 2022 EUR To Naira 531 31 08 2021 GBP To Naira 621 28 08 2021 CAD To Naira 357 18 08 2021 ZAR To Naira 31 18 08 2021 INR To Naira 6 18 08 2021 TRY To Naira 52 18 08 2021 AUD To Naira 299 01 05 2021 RUB To Naira 7 10 01 05 2021 SGD To Naira 268 01 05 2021 AED To Naira 109 26 11 2020 XOF To Naira 800 15 08 2020 nbsp UBA Naira Exchange Rates Currency Rate Date INR To Naira 6 12 15 10 2022 USD To Naira 503 29 04 2022 EUR To Naira 566 31 08 2021 GBP To Naira 622 23 07 2021 CAD To Naira 316 01 05 2021 AED To Naira 119 08 08 2020 nbsp Ecobank Naira Exchange Rates Currency Rate Date USD To Naira 480 23 03 2022 GBP To Naira 621 23 07 2021 EUR To Naira 499 45 16 06 2021 AED To Naira 107 15 08 2020 CAD To Naira 299 30 06 2020 INR To Naira 5 9 25 06 2020 nbsp Stanbic Bank Naira Exchange Rates Currency Rate Date USD To Naira 475 21 01 2022 EUR To Naira 543 22 07 2021 GBP To Naira 646 03 06 2021 CAD To Naira 337 01 05 2021 TRY To Naira 69 01 05 2021 nbsp nbsp Convert US Dollar to Nigerian Naira 1 USD Dollar is 442 134 NGN USD NGN 1 USD 442 134 NGN 5 USD 2 210 67 NGN 10 USD 4 421 34 NGN 25 USD 11 053 4 NGN 50 USD 22 106 7 NGN 100 USD 44 213 4 NGN 500 USD 221 067 NGN 1 000 USD 442 134 NGN 5 000 USD 2 210 670 NGN 10 000 USD 4 421 340 NGN 50 000 USD 22 106 700 NGN nbsp Convert Nigerian Naira to US Dollar NGN USD 1 NGN 0 00226176 USD 5 NGN 0 0113088 USD 10 NGN 0 0226176 USD 25 NGN 0 0565439 USD 50 NGN 0 113088 USD 100 NGN 0 226176 USD 500 NGN 1 13088 USD 1 000 NGN 2 26176 USD 5 000 NGN 11 3088 USD 10 000 NGN 22 6176 USD 50 000 NGN 113 088 USD nbsp 1 US Dollar to Nigerian Naira stats Last 30 Days Last 90 Days High 442 67 442 67 Low 436 36 420 31 Average 439 32 432 43 Volatility 0 10 0 10 nbsp The following are the euro to dollar exchange rates today It also includes the euro to pounds exchange rates euro to yen exchange rates and euro to naira exchange rates among others nbsp Convert Euro to US Dollar EUR USD 1 EUR 1 04179 USD 5 EUR 5 20895 USD 10 EUR 10 4179 USD 25 EUR 26 0447 USD 50 EUR 52 0895 USD 100 EUR 104 179 USD 500 EUR 520 895 USD 1 000 EUR 1 041 79 USD 5 000 EUR 5 208 95 USD 10 000 EUR 10 417 9 USD 50 000 EUR 52 089 5 USD nbsp Convert US Dollar to Euro The following is the current United States Dollar USD conversion to Euro USD EUR 1 USD 0 959887 EUR 5 USD 4 79943 EUR 10 USD 9 59887 EUR 25 USD 23 9972 EUR 50 USD 47 9943 EUR 100 USD 95 9887 EUR 500 USD 479 943 EUR 1 000 USD 959 887 EUR 5 000 USD 4 799 43 EUR 10 000 USD 9 598 87 EUR 50 000 USD 47 994 3 EUR nbsp 1 Euro to US Dollar stats Last 30 Days Last 90 Days High 1 0395 1 0395 Low 0 97498 0 95960 Average 1 0104 0 99545 Volatility 0 81 0 70 Convert US Dollar to Euro USD EUR 10 USD 9 75844 EUR 25 USD 24 3961 EUR 50 USD 48 7922 EUR 100 USD 97 5844 EUR nbsp nbsp nbsp FAQ Q What is the Dollar worth against the Nigerian Naira A One Dollar is worth 442 655 Nigerian Naira today nbsp Q Is the Dollar going up or down against the Nigerian Naira A Today s exchange rate 442 655 is lower compared to yesterday s rate 442 8151 nbsp Q What are 50 Dollars in Nigerian Naira A 50 Dollars buys 22132 75 Nigerian Naira at interbank exchange rates nbsp Q How much is 100 US in euro A 100 USD is currently equal to 97 5844 EUR Aboki FX The Central Bank of Nigeria CBN has said it is investigating Oniwinde Adedotun the founder of abokiFX Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014 On Thursday 16th of September 2021 abokiFX reported that the naira was trading at 570 to the dollar at the parallel market An insider familiar with the events said that unusual forex transactions were found in his account suggesting the promoters of the platform have been involved in illegal forex trading The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX vetting every forex transaction from 2019 to 2021 Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation but another source within the bank said he could not confirm the rumors There would be a lot more clarity after the next monetary policy committee MPC meeting tomorrow the source said AbokiFX registered in Arizona United States is the 63rd most visited website in Nigeria as of September 16 2021 nbsp Disclaimer This article does not set or determine forex rates The official NAFEX rates are obtained from the website of the FMDQOTC Parallel market rates black market rates are obtained from various sources including online media outlets The rates you buy or sell forex may be different from what is captured in this article nbsp Last Updated on 2022 11 30 11 41 03
    Naira Black Market Exchange Rate Today
    Sticky Post2 hours ago

    Naira Black Market Exchange Rate Today

    The following are the dollar to naira exchange rate in Lagos Nigeria today. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. https://www.youtube.com/watch?v=T_Pmf3rRxvc  

    Dollars to Naira

    The following are the dollar to naira current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying United States dollars (USD) at the parallel (unofficial) market.
    Dollars to Naira (USD to NGN)Exchange Rate Today
    Buying Rate₦770
    Selling Rate₦775
     gggggg 

    Pounds to Naira

    The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterling at the parallel (unofficial) market.
    Pounds to Naira (GBP to NGN)Exchange Rate Today
    Buying Rate₦910
    Selling Rate₦920
     gggggg 

    Euro to Naira

    The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market.
    Euro to Naira (CAD to NGN)Black Market Exchange Rate Today
    Buying Rate₦760
    Selling Rate₦770
     gggggg

    Canadian Dollar to Naira

    The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market.
    Canadian Dollar to Naira (CAD to NGN)Black Market Exchange Rate Today
    Buying Rate₦540
    Selling Rate₦560
     gggggg

    Rand to Naira

    The following are the current Rand to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market.
    Rand to Naira (ZAR to NGN)Black Market Exchange Rate Today
    Buying Rate₦31
    Selling Rate₦38
     gggggg

    Dirham to Naira

    The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market.
    Dirham to Naira (AED to NGN)Black Market Exchange Rate Today
    Buying Rate₦155
    Selling Rate₦165
     gggggg 

    Yuan to Naira

    The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market.
    Yuan to Naira (CNY to NGN)Black Market Exchange Rate Today
    Buying Rate₦80
    Selling Rate₦90
     gggggg 

    Ghanaian Cedi to Naira

    The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel (unofficial) market.
    Cedi to Naira (GHS to NGN)Black Market Exchange Rate Today
    Buying Rate₦65
    Selling Rate₦75
     gggggg

    West African CFA franc to Naira 

    The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market.
    Dirham to Naira (XOF to NGN)Black Market Exchange Rate Today
    Buying Rate₦945
    Selling Rate₦965
      

    Central African CFA franc to Naira

    The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel (unofficial) market.
    CFA to Naira (XAF to NGN)Black Market Exchange Rate Today
    Buying Rate₦900
    Selling Rate₦920
     

    CBN Official Naira Exchange Rates

    The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official.

     Click here for more of the CBN Naira Exchange rate historical data. 

    GTBank Naira Exchange Rates

    BankCurrencyRateDate
    GTBankUSD to Naira₦ 49016/10/2022
     

    First Bank Naira Exchange Rates

    CurrencyRateDate
    GBP₦ 70605/09/2022
    EUR₦ 60218/07/2022
    CAD₦ 46618/07/2022
    USD₦ 50004/07/2022
    INR₦ 5.8001/05/2021
    RUB₦ 6.2001/05/2021
     

    Access Bank Naira Exchange Rates

    CurrencyRateDate
    USD To Naira₦ 50530/04/2022
    EUR To Naira₦ 53131/08/2021
    GBP To Naira₦ 62128/08/2021
    CAD To Naira₦ 35718/08/2021
    ZAR To Naira₦ 3118/08/2021
    INR To Naira₦ 618/08/2021
    TRY To Naira₦ 5218/08/2021
    AUD To Naira₦ 29901/05/2021
    RUB To Naira₦ 7.1001/05/2021
    SGD To Naira₦ 26801/05/2021
    AED To Naira₦ 10926/11/2020
    XOF To Naira₦ 80015/08/2020
     

    UBA Naira Exchange Rates

    CurrencyRateDate
    INR To Naira₦ 6.1215/10/2022
    USD To Naira₦ 50329/04/2022
    EUR To Naira₦ 56631/08/2021
    GBP To Naira₦ 62223/07/2021
    CAD To Naira₦ 31601/05/2021
    AED To Naira₦ 11908/08/2020
     

    Ecobank Naira Exchange Rates

    CurrencyRateDate
    USD To Naira₦ 48023/03/2022
    GBP To Naira₦ 62123/07/2021
    EUR To Naira₦ 499.4516/06/2021
    AED To Naira₦ 10715/08/2020
    CAD To Naira₦ 29930/06/2020
    INR To Naira₦ 5.925/06/2020
     

    Stanbic Bank Naira Exchange Rates

    CurrencyRateDate
    USD To Naira₦ 47521/01/2022
    EUR To Naira₦ 54322/07/2021
    GBP To Naira₦ 64603/06/2021
    CAD To Naira₦ 33701/05/2021
    TRY To Naira₦ 6901/05/2021
      
     

    1 US Dollar to Nigerian Naira stats

    Last 30 DaysLast 90 Days
    High
    442.67442.67
    Low
    436.36420.31
    Average
    439.32432.43
    Volatility
    0.10%0.10%
     The following are the euro to dollar exchange rates today. It also includes the euro to pounds exchange rates, euro to yen exchange rates, and euro to naira exchange rates among others. 

    1 Euro to US Dollar stats

    Last 30 DaysLast 90 Days
    High
    1.03951.0395
    Low
    0.974980.95960
    Average
    1.01040.99545
    Volatility
    0.81%0.70%
    Convert US Dollar to Euro
    USDEUR
    10 USD9.75844 EUR
    25 USD24.3961 EUR
    50 USD48.7922 EUR
    100 USD97.5844 EUR
       

    FAQ

    Q: What is the Dollar worth against the Nigerian Naira?

    A: One Dollar is worth 442.655 Nigerian Naira today 

    Q: Is the Dollar going up or down against the Nigerian Naira?

    A: Today's exchange rate (442.655) is lower compared to yesterday's rate (442.8151). 

    Q: What are 50 Dollars in Nigerian Naira?

    A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. 
    A: $100 USD is currently equal to 97.5844 EUR.

    Aboki FX

    The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for “illegal foreign exchange transactions”. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. On Thursday, 16th of September 2021,  abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. An insider, familiar with the events, said that “unusual forex transactions” were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. “There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow,” the source said. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. 
    DisclaimerThis article does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article. 
    Last Updated on: 2022-11-30 11:41:03.

  •   Clickatell https www Clickatell com a CPaaS innovator and Chat Commerce leader has partnered with the Central Bank of Nigeria CBN https www CBN gov ng to offer fast and simple services and cost effective eNaira banking services for all Nigerians using the USSD channel eliminating the need for data and available on all phones Clickatell has collaborated with CBN to launch a USSD channel for its central bank digital currency eNaira CBDC www eNaira gov ng as part of the country s push to make basic banking accessible to all Nigerians which will ultimately drive financial inclusion eNaira was launched in October 2021 as Nigerian President Muhammadu Buhari said Africa s first central bank backed digital currency would help boost remittances encourage cross border trade and help his government make welfare payments more easily With financial inclusion at the core of eNaira s goals President Buhari also said that he believed the CBDC would increase the country s GDP by 29 billion over the next 10 years The introduction of the USSD short code allows unbanked Nigerians many of whom do not have smartphones to access cashless banking services and is a major victory for the stated goals of providing meaningful financial inclusion Clickatell s role in making this a reality has been one of the most significant achievements of our engagements in Nigeria comments Uzo Nwani Clickatell s Commercial Director West Africa The new USSD channel allows Nigerians to use the short code 997 to create their eNaira wallet Once done they can easily check balances and transfer funds as well as securely purchase airtime or data for themselves or their friends and family Protecting their wallets is also easy on the channel and users can check and update their information change and reset their pin or even lock the wallet if needed The USSD channel is a vital part of our journey towards realizing our vision of financial inclusion We see eNaira as a leap forward in the evolution of money Therefore CBN is working with partners who are committed to leveraging this new technology for continued innovation and to deliver exciting new features comments CBN Deputy Governor for Economic Policy Dr Kingsley Obiora Unstructured Supplementary Service Data or USSD is a communications protocol that is supported by 99 of GSM phones It remains particularly relevant in developing communities where it is used to provide services at much lower cost and can be used without the need to access the user s SIM card Despite the rapid growth of smartphones the majority of Nigerians https bit ly 2HRLANU are now using feature phones making an excellent case for USSD s offering The CBN is counting on the new channel to make rapid strides in bringing most of the 30 of unbanked Nigerians into the formal banking system As part of its efforts CBN is working hard to increase awareness and education around the new digital currency and has offered an incentive of 200 eNGN airtime for the first 100 000 users to use the eNaira USSD feature Looking ahead Nwani says the Clickatell solution ideally positions the system for new and collaborative additions to help power eNaira s services Our Chat Flow product provides a strong platform to support rapid innovation Digital currencies provide measurable customer benefits including lower costs and a simple user experience and adding new innovative features over time will definitely attract more customers There is no question that CBN has set the benchmark when it comes to financial inclusion in Africa and we look forward to being a part of that journey says Nwani
    Clickatell helps Nigerians access eNaira services, driving financial inclusion
      Clickatell https www Clickatell com a CPaaS innovator and Chat Commerce leader has partnered with the Central Bank of Nigeria CBN https www CBN gov ng to offer fast and simple services and cost effective eNaira banking services for all Nigerians using the USSD channel eliminating the need for data and available on all phones Clickatell has collaborated with CBN to launch a USSD channel for its central bank digital currency eNaira CBDC www eNaira gov ng as part of the country s push to make basic banking accessible to all Nigerians which will ultimately drive financial inclusion eNaira was launched in October 2021 as Nigerian President Muhammadu Buhari said Africa s first central bank backed digital currency would help boost remittances encourage cross border trade and help his government make welfare payments more easily With financial inclusion at the core of eNaira s goals President Buhari also said that he believed the CBDC would increase the country s GDP by 29 billion over the next 10 years The introduction of the USSD short code allows unbanked Nigerians many of whom do not have smartphones to access cashless banking services and is a major victory for the stated goals of providing meaningful financial inclusion Clickatell s role in making this a reality has been one of the most significant achievements of our engagements in Nigeria comments Uzo Nwani Clickatell s Commercial Director West Africa The new USSD channel allows Nigerians to use the short code 997 to create their eNaira wallet Once done they can easily check balances and transfer funds as well as securely purchase airtime or data for themselves or their friends and family Protecting their wallets is also easy on the channel and users can check and update their information change and reset their pin or even lock the wallet if needed The USSD channel is a vital part of our journey towards realizing our vision of financial inclusion We see eNaira as a leap forward in the evolution of money Therefore CBN is working with partners who are committed to leveraging this new technology for continued innovation and to deliver exciting new features comments CBN Deputy Governor for Economic Policy Dr Kingsley Obiora Unstructured Supplementary Service Data or USSD is a communications protocol that is supported by 99 of GSM phones It remains particularly relevant in developing communities where it is used to provide services at much lower cost and can be used without the need to access the user s SIM card Despite the rapid growth of smartphones the majority of Nigerians https bit ly 2HRLANU are now using feature phones making an excellent case for USSD s offering The CBN is counting on the new channel to make rapid strides in bringing most of the 30 of unbanked Nigerians into the formal banking system As part of its efforts CBN is working hard to increase awareness and education around the new digital currency and has offered an incentive of 200 eNGN airtime for the first 100 000 users to use the eNaira USSD feature Looking ahead Nwani says the Clickatell solution ideally positions the system for new and collaborative additions to help power eNaira s services Our Chat Flow product provides a strong platform to support rapid innovation Digital currencies provide measurable customer benefits including lower costs and a simple user experience and adding new innovative features over time will definitely attract more customers There is no question that CBN has set the benchmark when it comes to financial inclusion in Africa and we look forward to being a part of that journey says Nwani
    Clickatell helps Nigerians access eNaira services, driving financial inclusion
    Africa2 months ago

    Clickatell helps Nigerians access eNaira services, driving financial inclusion

    Clickatell (https://www.Clickatell.com), a CPaaS innovator and Chat Commerce leader, has partnered with the Central Bank of Nigeria (CBN) (https://www.CBN.gov.ng) to offer fast and simple services.

    and cost-effective eNaira banking services for all Nigerians using the USSD channel, eliminating the need for data and available on all phones.

    Clickatell has collaborated with CBN to launch a USSD channel for its central bank digital currency eNaira (CBDC) (www.eNaira.gov.ng) as part of the country's push to make basic banking accessible to all Nigerians, which will ultimately drive financial inclusion.

    eNaira was launched in October 2021 as Nigerian President Muhammadu Buhari said Africa's first central bank-backed digital currency would help boost remittances, encourage cross-border trade and help his government make welfare payments.

    more easily.

    With financial inclusion at the core of eNaira's goals, President Buhari also said that he believed the CBDC would increase the country's GDP by $29 billion over the next 10 years.

    “The introduction of the USSD short code allows unbanked Nigerians, many of whom do not have smartphones, to access cashless banking services and is a major victory for the stated goals of providing meaningful financial inclusion.

    Clickatell's role in making this a reality has been one of the most significant achievements of our engagements in Nigeria,” comments Uzo Nwani, Clickatell's Commercial Director, West Africa.

    The new USSD channel allows Nigerians to use the short code *997# to create their eNaira wallet.

    Once done, they can easily check balances and transfer funds, as well as securely purchase airtime or data for themselves or their friends and family.

    Protecting their wallets is also easy on the channel and users can check and update their information, change and reset their pin or even lock the wallet if needed.

    “The USSD channel is a vital part of our journey towards realizing our vision of financial inclusion.

    We see eNaira as a leap forward in the evolution of money.

    Therefore, CBN is working with partners who are committed to leveraging this new technology for continued innovation and to deliver exciting new features,” comments CBN Deputy Governor for Economic Policy, Dr. Kingsley Obiora.

    Unstructured Supplementary Service Data, or USSD, is a communications protocol that is supported by 99% of GSM phones.

    It remains particularly relevant in developing communities where it is used to provide services at much lower cost and can be used without the need to access the user's SIM card.

    Despite the rapid growth of smartphones, the majority of Nigerians (https://bit.ly/2HRLANU) are now using feature phones, making an excellent case for USSD's offering.

    The CBN is counting on the new channel to make rapid strides in bringing most of the 30% of unbanked Nigerians into the formal banking system.

    As part of its efforts, CBN is working hard to increase awareness and education around the new digital currency and has offered an incentive of 200 eNGN airtime for the first 100,000 users to use the eNaira USSD feature.

    Looking ahead, Nwani says the Clickatell solution ideally positions the system for new and collaborative additions to help power eNaira's services.

    “Our Chat Flow product provides a strong platform to support rapid innovation.

    Digital currencies provide measurable customer benefits, including lower costs and a simple user experience, and adding new innovative features over time will definitely attract more customers.

    There is no question that CBN has set the benchmark when it comes to financial inclusion in Africa, and we look forward to being a part of that journey,” says Nwani.

  •   Comprehensive program implemented at the FIFA U 20 Women s World Cup in Costa Rica FIFA www FIFA com safeguarding officer on duty for each of the 32 matches Additional measures implemented in cooperation with teams and tournament stakeholders The FIFA U 20 Women s World Cup Costa Rica 2022 held from 10 to 28 August 2022 saw the introduction and successful implementation of the first comprehensive event protection program at a FIFA youth tournament Concrete and expert backed measures were put in place to ensure the protection and well being of players and adults both participants and attendees of the event In line with FIFA s commitment to embed safeguards throughout the game processes have been designed to minimize the risks of abuse exploitation and harassment towards children and adults The measures included the guarantee of a FIFA safeguarding officer on duty for each of the 32 matches as well as a representative from the Costa Rican National Children s Institute The program also included among other initiatives a protection presentation at each team arrival meeting visits to team training sites and hotels during the tournament and the development and distribution of materials at venues to raise awareness and provide guidance on the scope of the reporting mechanism available for incidents As a priority at FIFA we want everyone in football to feel welcome respected and most importantly safe in FIFA competitions and at all levels of the game especially children who are the most vulnerable said Marie laure Lemineur Head of Safeguarding and Child Protection at FIFA We have worked closely with a variety of FIFA functional areas experts in the field of safeguarding as well as stakeholders local authorities Concacaf the Costa Rican member association and the Local Organizing Committee for the past two years to ensure that a robust and actionable schedule for the tournament was implemented Thanks to the dedicated commitment of everyone involved we facilitate a safe environment for players fans and everyone providing the opportunity for everyone to enjoy unforgettable action on the field FIFA s mission is to promote the game of football protect its integrity and bring the game closer to everyone As part of that effort FIFA s Vision 2020 2023 Making Football Truly Global initiative https fifa fans 3cBvNGN sets out its commitment to promoting safe sport as part of broader efforts to protect human rights One of the cornerstones of this commitment is FIFA Guardians https safeguardinginsport FIFA com the flagship program of the Department of Child Protection and Safeguarding that provides a framework to help FIFA s 211 member associations to prevent any risk of harm to children in football and to respond appropriately if necessary The competition safeguard programs will remain in place for the upcoming FIFA U 17 Women s World Cup and future FIFA youth tournaments as well as during the FIFA Women s World Cup Australia New Zealand 2023 Key facts Nearly 1 000 event protection flyers and stickers distributed at the FIFA U 20 Women s World Cup Costa Rica 2022 Eight workshops and seminars organized with key tournament stakeholders such as team delegations players volunteers and officials matches providing information on the protection of events prevention and response measures implemented More than 50 posters distributed in the main tournament venues including stadiums and training venues 57 visits made to training venues and hotels of participating teams One FIFA event protection officer on duty at every match during the tournament
    First event protection program implemented at a FIFA youth tournament
      Comprehensive program implemented at the FIFA U 20 Women s World Cup in Costa Rica FIFA www FIFA com safeguarding officer on duty for each of the 32 matches Additional measures implemented in cooperation with teams and tournament stakeholders The FIFA U 20 Women s World Cup Costa Rica 2022 held from 10 to 28 August 2022 saw the introduction and successful implementation of the first comprehensive event protection program at a FIFA youth tournament Concrete and expert backed measures were put in place to ensure the protection and well being of players and adults both participants and attendees of the event In line with FIFA s commitment to embed safeguards throughout the game processes have been designed to minimize the risks of abuse exploitation and harassment towards children and adults The measures included the guarantee of a FIFA safeguarding officer on duty for each of the 32 matches as well as a representative from the Costa Rican National Children s Institute The program also included among other initiatives a protection presentation at each team arrival meeting visits to team training sites and hotels during the tournament and the development and distribution of materials at venues to raise awareness and provide guidance on the scope of the reporting mechanism available for incidents As a priority at FIFA we want everyone in football to feel welcome respected and most importantly safe in FIFA competitions and at all levels of the game especially children who are the most vulnerable said Marie laure Lemineur Head of Safeguarding and Child Protection at FIFA We have worked closely with a variety of FIFA functional areas experts in the field of safeguarding as well as stakeholders local authorities Concacaf the Costa Rican member association and the Local Organizing Committee for the past two years to ensure that a robust and actionable schedule for the tournament was implemented Thanks to the dedicated commitment of everyone involved we facilitate a safe environment for players fans and everyone providing the opportunity for everyone to enjoy unforgettable action on the field FIFA s mission is to promote the game of football protect its integrity and bring the game closer to everyone As part of that effort FIFA s Vision 2020 2023 Making Football Truly Global initiative https fifa fans 3cBvNGN sets out its commitment to promoting safe sport as part of broader efforts to protect human rights One of the cornerstones of this commitment is FIFA Guardians https safeguardinginsport FIFA com the flagship program of the Department of Child Protection and Safeguarding that provides a framework to help FIFA s 211 member associations to prevent any risk of harm to children in football and to respond appropriately if necessary The competition safeguard programs will remain in place for the upcoming FIFA U 17 Women s World Cup and future FIFA youth tournaments as well as during the FIFA Women s World Cup Australia New Zealand 2023 Key facts Nearly 1 000 event protection flyers and stickers distributed at the FIFA U 20 Women s World Cup Costa Rica 2022 Eight workshops and seminars organized with key tournament stakeholders such as team delegations players volunteers and officials matches providing information on the protection of events prevention and response measures implemented More than 50 posters distributed in the main tournament venues including stadiums and training venues 57 visits made to training venues and hotels of participating teams One FIFA event protection officer on duty at every match during the tournament
    First event protection program implemented at a FIFA youth tournament
    Africa3 months ago

    First event protection program implemented at a FIFA youth tournament

    Comprehensive program implemented at the FIFA U-20 Women's World Cup™ in Costa Rica; FIFA (www.FIFA.com) safeguarding officer on duty for each of the 32 matches; Additional measures implemented in cooperation with teams and tournament stakeholders.

    The FIFA U-20 Women's World Cup Costa Rica 2022™, held from 10 to 28 August 2022, saw the introduction and successful implementation of the first comprehensive event protection program at a FIFA youth tournament.

    Concrete and expert-backed measures were put in place to ensure the protection and well-being of players and adults, both participants and attendees of the event.

    In line with FIFA's commitment to embed safeguards throughout the game, processes have been designed to minimize the risks of abuse, exploitation and harassment towards children and adults.

    The measures included the guarantee of a FIFA safeguarding officer on duty for each of the 32 matches, as well as a representative from the Costa Rican National Children's Institute.

    The program also included, among other initiatives, a protection presentation at each team arrival meeting, visits to team training sites and hotels during the tournament, and the development and distribution of materials at venues to raise awareness and provide guidance on the scope of the reporting mechanism available for incidents.

    “As a priority at FIFA, we want everyone in football to feel welcome, respected and, most importantly, safe in FIFA competitions and at all levels of the game, especially children, who are the most vulnerable.

    ”, said Marie-laure Lemineur, Head of Safeguarding and Child Protection at FIFA.

    “We have worked closely with a variety of FIFA functional areas, experts in the field of safeguarding, as well as stakeholders, local authorities, Concacaf, the Costa Rican member association and the Local Organizing Committee for the past two years.

    to ensure that a robust and actionable schedule for the tournament was implemented.

    Thanks to the dedicated commitment of everyone involved, we facilitate a safe environment for players, fans and everyone, providing the opportunity for everyone to enjoy unforgettable action on the field.” FIFA's mission is to promote the game of football, protect its integrity and bring the game closer to everyone.

    As part of that effort, FIFA's Vision 2020-2023: Making Football Truly Global initiative (https://fifa.fans/3cBvNGN) sets out its commitment to promoting safe sport as part of broader efforts to protect human rights.

    One of the cornerstones of this commitment is FIFA Guardians™ (https://safeguardinginsport.FIFA.com), the flagship program of the Department of Child Protection and Safeguarding that provides a framework to help FIFA's 211 member associations to prevent any risk of harm to children in football and to respond appropriately if necessary.

    The competition safeguard programs will remain in place for the upcoming FIFA U-17 Women's World Cup™ and future FIFA youth tournaments, as well as during the FIFA Women's World Cup Australia & New Zealand 2023™.

    Key facts: Nearly 1,000 event protection flyers and stickers distributed at the FIFA U-20 Women's World Cup Costa Rica 2022 Eight workshops and seminars organized with key tournament stakeholders such as team delegations, players, volunteers and officials matches, providing information on the protection of events prevention and response measures implemented More than 50 posters distributed in the main tournament venues, including stadiums and training venues 57 visits made to training venues and hotels of participating teams One FIFA event protection officer on duty at every match during the tournament

  •   In line with its commitment to bridging the digital divide in Africa Tizeti www Tizeti com West Africa s pioneering solar powered internet and voice service provider is set to expand its operations within Nigeria and Ghana and in new neighbor Cote d Ivoire and Togo as well as considering listing its Nigerian subsidiary With over 2 8 million subscribers on its platform a revenue of over N11 billion over 10 years and no debt the company is exploring an Initial Public Offering IPO in the stock market for investors shareholders while setting his eyes on expanding his footprints in the Francophone and Anglophone countries of West Africa Speaking at the second edition of Tizeti s annual event entitled NeXTGEN 2 0 The Next Frontier Tizeti s founder and CEO Mr Kendall Ananyi emphasized that the broadband gap in Africa is still very high and that Operators like Tizeti must expand to ensure that more Africans have access to reliable affordable and truly unlimited internet from Tizeti According to him Tizeti has been providing affordable unlimited internet service in Nigeria and Ghana using solar towers which has brought cost savings of 30 to 50 percent on data cap plans and made it the go to option favorite of its competitors This expansion is very strategic for us and for the continent We have grown significantly in recent years being profitable in three of the last four years and paying our first dividend this year We currently have over 3884 hotspot locations and building 1 tower every month since we started with 2 8 million users in Nigeria Today Tizeti delivers more than 190 TBPS of data per day which is about 20 of what Airtel the second largest telecommunications company with coverage in 36 states delivers Using publicly available data on the Nigerian Communications Commission NCC website and our internal data we are the number one Fixed Internet Service Provider by users and active users in Nigeria today and ISP of the year 2022 And still there is a lot of room for growth Internet users in Africa are still around 26 of the total population with almost 900 million people offline We are now exploring the public equity debt markets to finance our next phase of growth We have booked our ticket on NASDAQ and are exploring the London Stock Exchange as we are an LSE Companies to Inspire as well as the Nigerian Stock Exchange NGX said Ananyi Speaking about francophone expansion Tizeti co founder and COO Ifeanyi Okonkwo highlighted the increase in subsea cable investments in Africa to date and the absence of middle and last mile infrastructure moving capacity where it is needed With the construction of Tizeti s new infrastructure in West Africa Tizeti plans to bridge the digital divide and bring more Africans online through its unlimited service offering We believe that Africa offers the most important potential demand for broadband expansion and we have looked at their populations their relative contributions to GDP the prevalence of higher and tertiary institutions and other common factors Okonkwo said Tizeti also launched new connectivity offerings Tizeti Turbo Connect which provides up to 150 MBPS of fiber connected capacity to homes and offices for NGN 60 000 US 85 and new technology that enables it to offer up to 1 000 MBPS The company also announced new energy initiatives that minimize diesel consumption with solar panels and wind turbines at its base stations Interested users can pre register for the new Tizeti locations at https bit ly 3bEKDfo Other speakers at NeXTGEN from Tizeti include Vickie Robinson General Manager Microsoft Airband Oremeyi Akah Director of Customer Success Interswitch Dolapo Onah General Manager Equinix MainOne Elliot Sangoleye Head Payment Acceptance and Digital Commerce Providus Gbolade Emmanuel CEO Termii Osayi Izedonmwen CEO of Teesas Modupe Okeowo Country Manager Eutelsat Sola Akindolu CEO of Brass Mayowa Owolabi CEO of PaddyCover Vickie Robinson General Manager Microsoft Airband Ionut Croitoru EMEA Sales Leader Cambium and Desayo Tomi Solanke COO Trove Partners include MainOne Providus Bank Microsoft Cambium CSquared and Nokia Tizeti s NeXTGEN 2 0 expanded on the vision of the first edition and provides a platform for stakeholders in the African telecommunications technology and business communities to strategize for Africa s next frontier while networking discovering new opportunities and discuss innovative trends in global and African telecommunications and telecommunications technological ecosystem The second edition event featured more than 700 technology enthusiasts IT innovators start up executives corporate business leaders and digital thought leaders and ended with an exciting 10th anniversary dinner
    Tizeti Eyes Pan-African Expansion Launches New Products to Achieve 100% Broadband Access and Explores Public Offering
      In line with its commitment to bridging the digital divide in Africa Tizeti www Tizeti com West Africa s pioneering solar powered internet and voice service provider is set to expand its operations within Nigeria and Ghana and in new neighbor Cote d Ivoire and Togo as well as considering listing its Nigerian subsidiary With over 2 8 million subscribers on its platform a revenue of over N11 billion over 10 years and no debt the company is exploring an Initial Public Offering IPO in the stock market for investors shareholders while setting his eyes on expanding his footprints in the Francophone and Anglophone countries of West Africa Speaking at the second edition of Tizeti s annual event entitled NeXTGEN 2 0 The Next Frontier Tizeti s founder and CEO Mr Kendall Ananyi emphasized that the broadband gap in Africa is still very high and that Operators like Tizeti must expand to ensure that more Africans have access to reliable affordable and truly unlimited internet from Tizeti According to him Tizeti has been providing affordable unlimited internet service in Nigeria and Ghana using solar towers which has brought cost savings of 30 to 50 percent on data cap plans and made it the go to option favorite of its competitors This expansion is very strategic for us and for the continent We have grown significantly in recent years being profitable in three of the last four years and paying our first dividend this year We currently have over 3884 hotspot locations and building 1 tower every month since we started with 2 8 million users in Nigeria Today Tizeti delivers more than 190 TBPS of data per day which is about 20 of what Airtel the second largest telecommunications company with coverage in 36 states delivers Using publicly available data on the Nigerian Communications Commission NCC website and our internal data we are the number one Fixed Internet Service Provider by users and active users in Nigeria today and ISP of the year 2022 And still there is a lot of room for growth Internet users in Africa are still around 26 of the total population with almost 900 million people offline We are now exploring the public equity debt markets to finance our next phase of growth We have booked our ticket on NASDAQ and are exploring the London Stock Exchange as we are an LSE Companies to Inspire as well as the Nigerian Stock Exchange NGX said Ananyi Speaking about francophone expansion Tizeti co founder and COO Ifeanyi Okonkwo highlighted the increase in subsea cable investments in Africa to date and the absence of middle and last mile infrastructure moving capacity where it is needed With the construction of Tizeti s new infrastructure in West Africa Tizeti plans to bridge the digital divide and bring more Africans online through its unlimited service offering We believe that Africa offers the most important potential demand for broadband expansion and we have looked at their populations their relative contributions to GDP the prevalence of higher and tertiary institutions and other common factors Okonkwo said Tizeti also launched new connectivity offerings Tizeti Turbo Connect which provides up to 150 MBPS of fiber connected capacity to homes and offices for NGN 60 000 US 85 and new technology that enables it to offer up to 1 000 MBPS The company also announced new energy initiatives that minimize diesel consumption with solar panels and wind turbines at its base stations Interested users can pre register for the new Tizeti locations at https bit ly 3bEKDfo Other speakers at NeXTGEN from Tizeti include Vickie Robinson General Manager Microsoft Airband Oremeyi Akah Director of Customer Success Interswitch Dolapo Onah General Manager Equinix MainOne Elliot Sangoleye Head Payment Acceptance and Digital Commerce Providus Gbolade Emmanuel CEO Termii Osayi Izedonmwen CEO of Teesas Modupe Okeowo Country Manager Eutelsat Sola Akindolu CEO of Brass Mayowa Owolabi CEO of PaddyCover Vickie Robinson General Manager Microsoft Airband Ionut Croitoru EMEA Sales Leader Cambium and Desayo Tomi Solanke COO Trove Partners include MainOne Providus Bank Microsoft Cambium CSquared and Nokia Tizeti s NeXTGEN 2 0 expanded on the vision of the first edition and provides a platform for stakeholders in the African telecommunications technology and business communities to strategize for Africa s next frontier while networking discovering new opportunities and discuss innovative trends in global and African telecommunications and telecommunications technological ecosystem The second edition event featured more than 700 technology enthusiasts IT innovators start up executives corporate business leaders and digital thought leaders and ended with an exciting 10th anniversary dinner
    Tizeti Eyes Pan-African Expansion Launches New Products to Achieve 100% Broadband Access and Explores Public Offering
    Africa4 months ago

    Tizeti Eyes Pan-African Expansion Launches New Products to Achieve 100% Broadband Access and Explores Public Offering

    In line with its commitment to bridging the digital divide in Africa, Tizeti (www.Tizeti.com), West Africa's pioneering solar-powered internet and voice service provider, is set to expand its operations within Nigeria and Ghana.

    , and in new neighbor Cote d'Ivoire and Togo, as well as considering listing its Nigerian subsidiary.

    With over 2.8 million subscribers on its platform, a revenue of over N11 billion over 10 years and no debt, the company is exploring an Initial Public Offering (IPO) in the stock market for investors/shareholders while setting his eyes on expanding his footprints.

    in the Francophone and Anglophone countries of West Africa.

    Speaking at the second edition of Tizeti's annual event entitled 'NeXTGEN 2.0: The Next Frontier', Tizeti's founder and CEO, Mr. Kendall Ananyi, emphasized that the broadband gap in Africa is still very high and that Operators like Tizeti must expand to ensure that more Africans have access to reliable, affordable and truly unlimited internet from Tizeti.

    According to him, Tizeti has been providing affordable unlimited internet service in Nigeria and Ghana using solar towers, which has brought cost savings of 30 to 50 percent on data cap plans and made it the go-to option.

    favorite of its competitors.

    “This expansion is very strategic for us and for the continent.

    We have grown significantly in recent years, being profitable in three of the last four years and paying our first dividend this year.

    We currently have over 3884 hotspot locations and building 1 tower every month since we started with 2.8 million users in Nigeria.

    Today, Tizeti delivers more than 190 TBPS of data per day, which is about 20% of what Airtel, the second largest telecommunications company with coverage in 36 states, delivers.

    Using publicly available data on the Nigerian Communications Commission (NCC) website and our internal data, we are the number one Fixed Internet Service Provider by users and active users in Nigeria today and ISP of the year 2022.

    And still there is a lot of room for growth.

    Internet users in Africa are still around 26% of the total population, with almost 900 million people offline.

    We are now exploring the public equity/debt markets to finance our next phase of growth.

    We have booked our ticket on NASDAQ and are exploring the London Stock Exchange as we are an LSE-Companies to Inspire, as well as the Nigerian Stock Exchange NGX,” said Ananyi.

    Speaking about francophone expansion, Tizeti co-founder and COO Ifeanyi Okonkwo highlighted the increase in subsea cable investments in Africa to date and the absence of middle and last mile infrastructure moving capacity where it is needed.

    .

    With the construction of Tizeti's new infrastructure in West Africa, Tizeti plans to bridge the digital divide and bring more Africans online through its unlimited service offering.

    “We believe that Africa offers the most important potential demand for broadband expansion, and we have looked at their populations, their relative contributions to GDP, the prevalence of higher and tertiary institutions, and other common factors,” Okonkwo said.

    Tizeti also launched new connectivity offerings, Tizeti Turbo Connect, which provides up to 150 MBPS of fiber-connected capacity to homes and offices for NGN 60,000 (US$85), and new technology that enables it to offer up to 1,000 MBPS.

    The company also announced new energy initiatives that minimize diesel consumption with solar panels and wind turbines at its base stations.

    Interested users can pre-register for the new Tizeti locations at https://bit.ly/3bEKDfo Other speakers at NeXTGEN from Tizeti include Vickie Robinson, General Manager, Microsoft Airband; Oremeyi Akah, Director of Customer Success, Interswitch; Dolapo Onah, General Manager, Equinix MainOne; Elliot Sangoleye, Head, Payment Acceptance and Digital Commerce, Providus; Gbolade Emmanuel, CEO, Termii; Osayi Izedonmwen, CEO of Teesas; Modupe Okeowo, Country Manager, Eutelsat; Sola Akindolu, CEO of Brass; Mayowa Owolabi, CEO of PaddyCover; Vickie Robinson, General Manager, Microsoft Airband; Ionut Croitoru, EMEA Sales Leader, Cambium, and Desayo Tomi-Solanke, COO, Trove.

    Partners include MainOne, Providus Bank, Microsoft, Cambium, CSquared, and Nokia.

    Tizeti's NeXTGEN 2.0 expanded on the vision of the first edition and provides a platform for stakeholders in the African telecommunications, technology and business communities to strategize for Africa's next frontier, while networking, discovering new opportunities and discuss innovative trends in global and African telecommunications and telecommunications.

    technological ecosystem.

    The second edition event featured more than 700 technology enthusiasts, IT innovators, start-up executives, corporate business leaders and digital thought leaders and ended with an exciting 10th anniversary dinner.

  •   The African cryptocurrency market is growing rapidly and has become a financial solution for many While most crypto trading is P2P few companies have the capacity to cater to high net worth individuals and companies looking to buy sell or move large amounts of USDC and USDT stablecoins Yellow Card Financial the fastest growing cryptocurrency company on the continent offers a personalized trading service through its world class Crypto Over The Counter OTC desk https bit ly 3zvpRqs for those looking to trade any volume worth more than 50 000 to millions of dollars The OTC office launched in 2021 provides access to a massive global network across the 16 African countries where the company operates including South Africa Nigeria Uganda Ghana Kenya Cameroon Botswana Tanzania Rwanda and Zambia to name a few few Yellow Card complies with global AML Sanctions FATF Travel Rules and KYC https bit ly 3QhCIDu requirements for all our customers in all jurisdictions We are also registered with GoAML and with local financial intelligence units in most of our jurisdictions to help report on AML sanctions and financial crime matters One of the largest crypto markets in Africa is undoubtedly Nigeria https bit ly 3QdJ1Yz cited in the 2021 Global Crypto Adoption Index among the 20 fastest growing crypto countries Munachi Ogueke CBO of Yellow Card Financial says that despite challenges related to regulation and currency availability Yellow Card has always provided customers with personalized service at competitive rates with no limits on trading volumes One of the challenges customers face is the inability to buy USD with NGN We have the solution by providing USDT as an alternative says Munachi Yellow Card has a wide range of liquidity providers helping to serve customers with the most competitive rates for large transactions at a fraction of the cost of trading on an open exchange paying fees and slippage Our biggest competitive advantage is definitely our extremely deep liquidity pools that fill orders of any size at any time adds Munachi With a full range of fiat currencies available the African blockchain leader can trade the pair that suits each client s needs We currently sell or buy USDT and USDC for these currencies US Dollar South African Rand Nigerian Naira Botswana Pula Ghana Cedi Ugandan Shilling Kenyan Shilling Zambian Kwacha Central African Franc Rwandan Franc and Tanzanian Shilling Sign up https bit ly 3vDHFOV for a Yellow Card account today and experience a fast secure personalized and secure solution from the comfort of your home or workplace
    High Net Worth Individuals, Corporations, and Institutions to Benefit from Yellow Card’s Over-the-Counter (OTC) Crypto Desk
      The African cryptocurrency market is growing rapidly and has become a financial solution for many While most crypto trading is P2P few companies have the capacity to cater to high net worth individuals and companies looking to buy sell or move large amounts of USDC and USDT stablecoins Yellow Card Financial the fastest growing cryptocurrency company on the continent offers a personalized trading service through its world class Crypto Over The Counter OTC desk https bit ly 3zvpRqs for those looking to trade any volume worth more than 50 000 to millions of dollars The OTC office launched in 2021 provides access to a massive global network across the 16 African countries where the company operates including South Africa Nigeria Uganda Ghana Kenya Cameroon Botswana Tanzania Rwanda and Zambia to name a few few Yellow Card complies with global AML Sanctions FATF Travel Rules and KYC https bit ly 3QhCIDu requirements for all our customers in all jurisdictions We are also registered with GoAML and with local financial intelligence units in most of our jurisdictions to help report on AML sanctions and financial crime matters One of the largest crypto markets in Africa is undoubtedly Nigeria https bit ly 3QdJ1Yz cited in the 2021 Global Crypto Adoption Index among the 20 fastest growing crypto countries Munachi Ogueke CBO of Yellow Card Financial says that despite challenges related to regulation and currency availability Yellow Card has always provided customers with personalized service at competitive rates with no limits on trading volumes One of the challenges customers face is the inability to buy USD with NGN We have the solution by providing USDT as an alternative says Munachi Yellow Card has a wide range of liquidity providers helping to serve customers with the most competitive rates for large transactions at a fraction of the cost of trading on an open exchange paying fees and slippage Our biggest competitive advantage is definitely our extremely deep liquidity pools that fill orders of any size at any time adds Munachi With a full range of fiat currencies available the African blockchain leader can trade the pair that suits each client s needs We currently sell or buy USDT and USDC for these currencies US Dollar South African Rand Nigerian Naira Botswana Pula Ghana Cedi Ugandan Shilling Kenyan Shilling Zambian Kwacha Central African Franc Rwandan Franc and Tanzanian Shilling Sign up https bit ly 3vDHFOV for a Yellow Card account today and experience a fast secure personalized and secure solution from the comfort of your home or workplace
    High Net Worth Individuals, Corporations, and Institutions to Benefit from Yellow Card’s Over-the-Counter (OTC) Crypto Desk
    Africa4 months ago

    High Net Worth Individuals, Corporations, and Institutions to Benefit from Yellow Card’s Over-the-Counter (OTC) Crypto Desk

    The African cryptocurrency market is growing rapidly and has become a financial solution for many.

    While most crypto trading is P2P, few companies have the capacity to cater to high net worth individuals and companies looking to buy, sell, or move large amounts of USDC and USDT stablecoins.

    Yellow Card Financial, the fastest growing cryptocurrency company on the continent, offers a personalized trading service through its world-class Crypto Over-The-Counter (OTC) desk (https://bit.ly/3zvpRqs) for those looking to trade any volume worth more than $50,000 to millions of dollars.

    The OTC office, launched in 2021, provides access to a massive global network across the 16 African countries where the company operates, including South Africa, Nigeria, Uganda, Ghana, Kenya, Cameroon, Botswana, Tanzania, Rwanda, and Zambia, to name a few.

    few.

    Yellow Card complies with global AML, Sanctions, FATF Travel Rules and KYC (https://bit.ly/3QhCIDu) requirements for all our customers in all jurisdictions.

    We are also registered with GoAML and with local financial intelligence units in most of our jurisdictions to help report on AML, sanctions and financial crime matters.

    One of the largest crypto markets in Africa is undoubtedly Nigeria (https://bit.ly/3QdJ1Yz), cited in the 2021 Global Crypto Adoption Index among the 20 fastest growing crypto countries.

    Munachi Ogueke, CBO of Yellow Card Financial, says that despite challenges related to regulation and currency availability, Yellow Card has always provided customers with personalized service at competitive rates with no limits on trading volumes.

    “One of the challenges customers face is the inability to buy USD with NGN.

    We have the solution by providing USDT as an alternative,” says Munachi.

    Yellow Card has a wide range of liquidity providers, helping to serve customers with the most competitive rates for large transactions at a fraction of the cost of trading on an open exchange, paying fees and slippage.

    “Our biggest competitive advantage is definitely our extremely deep liquidity pools that fill orders of any size at any time,” adds Munachi.

    With a full range of fiat currencies available, the African blockchain leader can trade the pair that suits each client's needs.

    We currently sell or buy USDT and USDC for these currencies: US Dollar, South African Rand, Nigerian Naira, Botswana Pula, Ghana Cedi, Ugandan Shilling, Kenyan Shilling, Zambian Kwacha, Central African Franc, Rwandan Franc and Tanzanian Shilling.

    Sign up (https://bit.ly/3vDHFOV) for a Yellow Card account today and experience a fast, secure, personalized and secure solution from the comfort of your home or workplace.

  •  Parthian Partners Ltd a Nigerian based top brokerage firm says it is impressed with its 10 years of greatly contributing to bridge the gap in both wholesale and retail financial sector in the country The Chief Executive Officer of Parthian Partners Ltd Mr Oluseye Olusoga made the assertion in his address at an event to celebrate the company s 10th year anniversary in Lagos on Saturday a statement on Tuesday said It said the grand glittering anniversary celebration was themed A Night of Golden Stars and awards were presented to personalities who had contributed greatly to the growth and success of the company in the past decade According to Olusoga Parthian Partners Limited is Nigeria s first inter dealer broker serving both buy side and sell side wholesale market participants He said the company also provided liquidity by showing prices on all off the run FGN bonds State and corporate bonds Treasury Bills Promissory notes and Euro bonds Parthian Partners is the first Inter Dealer Broker in Nigeria to successfully issue and redeem a 20 Billion NGN Commercial Paper on the Financial Markets Dealers Quotations FMDQ Exchange The wholesale brokerage industry is one with huge potential But when we decided to set up the first ever interdealer brokerage business in Nigeria there was no regulatory framework and the industry didn t even exist Now there are so many other businesses in Nigeria which do what we do Therefore we are happy to have pioneered a burgeoning industry that improves liquidity financial integration transparency and efficiency in the African OTC and fixed income market he said quoted as saying The CEO expressed his appreciation to distinguished personalities who contributed to the growth and success of the company Also the Chairman of Parthian Partners Mr Adedotun Sulaiman MFR in his address encouraged members to be more committed to the future of the firm As we celebrate Parthian s 10th anniversary it is an appropriate time for us the pioneers of this great company to reflect on our phenomenal achievements and to commit ourselves to building a legacy for the future generations The Parthian story started 10 years ago when the Founder Seye Olusoga shared with my age long friend Adebayo Adeola and myself his vision to start an interdealer brokerage business in Nigeria To provide a platform for market players to unanimously trade large volumes of fixed income securities he said According to Sulaiman Parthian Partners which was established in 2012 remains Nigeria s premier traditional inter dealer brokerage firm with a wide range of clientele He said that the clientele cuts across local and foreign banking institutions assets managers insurance companies pension fund administrators corporates bodies and development organisations Sulaiman described the company as a well established institution with a strong innovative spirit which maintained service standards on the scale of an efficient enterprise Parthian Partners prides itself as the leading firm in fixed income and structured finance and equities and financial integration services in the industry It leverages technology to provide services to its clientele to enable financial growth at all levels However it was no mean feat to introduce the company s vision and to work with regulators to develop a framework for its regulation and operations a vision which he said birthed not only a successful business but also a thriving sector I recall the efforts that were required to set up the business at a time when interdealer brokerage was alien to the region We started to build from scratch and worked our way to become the first interdealer broker in sub Saharan Africa He said that while Parthian Partners had continued to improve services and impact lives across the country the firm was bent on changing the narrative for Nigerians through access to cash and ease of transactions He emphasised the company s commitment to retaining its core values and vision from inception 10 years ago to continue to innovate and to satisfy its clientele Our first commitment is to retain the Parthian s DNA and embrace our DIETS which is an acronym of Dedication Integrity Excellence Teamwork and Service just as we envisioned 10 years ago For Parthian this means committing ourselves to go the extra mile to ensure that the interests of all stakeholders are duly satisfied To never compromise on ethical standards to seek to exceed expectations to work together to achieve our common objectives and to leverage strong relationships technology and intelligence to deliver superior service to our clientele Our second commitment is to build to last We are building a business that will stand the test of time and become a legacy The future is very bright I see huge prospects for Parthian and there are many things we are working on presently to solidify this Sulaiman added He thanked all the Parthian s stakeholders partners Board of Directors management staff and valued clients who contributed to Parthian s enviable position in the financial marketplace NewsSourceCredit NAN
    Parthian Partners commemorates 10 years interdealer brokerage in Nigeria
     Parthian Partners Ltd a Nigerian based top brokerage firm says it is impressed with its 10 years of greatly contributing to bridge the gap in both wholesale and retail financial sector in the country The Chief Executive Officer of Parthian Partners Ltd Mr Oluseye Olusoga made the assertion in his address at an event to celebrate the company s 10th year anniversary in Lagos on Saturday a statement on Tuesday said It said the grand glittering anniversary celebration was themed A Night of Golden Stars and awards were presented to personalities who had contributed greatly to the growth and success of the company in the past decade According to Olusoga Parthian Partners Limited is Nigeria s first inter dealer broker serving both buy side and sell side wholesale market participants He said the company also provided liquidity by showing prices on all off the run FGN bonds State and corporate bonds Treasury Bills Promissory notes and Euro bonds Parthian Partners is the first Inter Dealer Broker in Nigeria to successfully issue and redeem a 20 Billion NGN Commercial Paper on the Financial Markets Dealers Quotations FMDQ Exchange The wholesale brokerage industry is one with huge potential But when we decided to set up the first ever interdealer brokerage business in Nigeria there was no regulatory framework and the industry didn t even exist Now there are so many other businesses in Nigeria which do what we do Therefore we are happy to have pioneered a burgeoning industry that improves liquidity financial integration transparency and efficiency in the African OTC and fixed income market he said quoted as saying The CEO expressed his appreciation to distinguished personalities who contributed to the growth and success of the company Also the Chairman of Parthian Partners Mr Adedotun Sulaiman MFR in his address encouraged members to be more committed to the future of the firm As we celebrate Parthian s 10th anniversary it is an appropriate time for us the pioneers of this great company to reflect on our phenomenal achievements and to commit ourselves to building a legacy for the future generations The Parthian story started 10 years ago when the Founder Seye Olusoga shared with my age long friend Adebayo Adeola and myself his vision to start an interdealer brokerage business in Nigeria To provide a platform for market players to unanimously trade large volumes of fixed income securities he said According to Sulaiman Parthian Partners which was established in 2012 remains Nigeria s premier traditional inter dealer brokerage firm with a wide range of clientele He said that the clientele cuts across local and foreign banking institutions assets managers insurance companies pension fund administrators corporates bodies and development organisations Sulaiman described the company as a well established institution with a strong innovative spirit which maintained service standards on the scale of an efficient enterprise Parthian Partners prides itself as the leading firm in fixed income and structured finance and equities and financial integration services in the industry It leverages technology to provide services to its clientele to enable financial growth at all levels However it was no mean feat to introduce the company s vision and to work with regulators to develop a framework for its regulation and operations a vision which he said birthed not only a successful business but also a thriving sector I recall the efforts that were required to set up the business at a time when interdealer brokerage was alien to the region We started to build from scratch and worked our way to become the first interdealer broker in sub Saharan Africa He said that while Parthian Partners had continued to improve services and impact lives across the country the firm was bent on changing the narrative for Nigerians through access to cash and ease of transactions He emphasised the company s commitment to retaining its core values and vision from inception 10 years ago to continue to innovate and to satisfy its clientele Our first commitment is to retain the Parthian s DNA and embrace our DIETS which is an acronym of Dedication Integrity Excellence Teamwork and Service just as we envisioned 10 years ago For Parthian this means committing ourselves to go the extra mile to ensure that the interests of all stakeholders are duly satisfied To never compromise on ethical standards to seek to exceed expectations to work together to achieve our common objectives and to leverage strong relationships technology and intelligence to deliver superior service to our clientele Our second commitment is to build to last We are building a business that will stand the test of time and become a legacy The future is very bright I see huge prospects for Parthian and there are many things we are working on presently to solidify this Sulaiman added He thanked all the Parthian s stakeholders partners Board of Directors management staff and valued clients who contributed to Parthian s enviable position in the financial marketplace NewsSourceCredit NAN
    Parthian Partners commemorates 10 years interdealer brokerage in Nigeria
    Economy4 months ago

    Parthian Partners commemorates 10 years interdealer brokerage in Nigeria

    Parthian Partners Ltd, a Nigerian based top brokerage firm, says it is impressed with its 10 years of greatly contributing to bridge the gap in both wholesale and retail financial sector in the country.

    The Chief Executive Officer of Parthian Partners Ltd, Mr Oluseye Olusoga, made the assertion in his address at an event to celebrate the company’s 10th year anniversary in Lagos on Saturday, a statement on Tuesday said.

    It said the grand glittering anniversary celebration was themed: “A Night of Golden Stars” and awards were presented to personalities who had contributed greatly to the growth and success of the company in the past decade.

    According to Olusoga, Parthian Partners Limited is Nigeria’s first inter-dealer broker, serving both buy-side and sell-side wholesale market participants.

    He said the company also provided liquidity by showing prices on all off-the-run FGN bonds, State and corporate bonds, Treasury Bills, Promissory notes, and Euro bonds.

    “ Parthian Partners is the first Inter-Dealer Broker in Nigeria to successfully issue and redeem a 20 Billion (NGN) Commercial Paper on the Financial Markets Dealers Quotations (FMDQ) Exchange.

    “The wholesale brokerage industry is one with huge potential.

    But when we decided to set up the first ever interdealer brokerage business in Nigeria, there was no regulatory framework and the industry didn’t even exist.

    “ Now, there are so many other businesses in Nigeria which do what we do.

    “Therefore, we are happy to have pioneered a burgeoning industry that improves liquidity, financial integration, transparency and efficiency in the African OTC and fixed income market,’’ he said quoted as saying.

    The CEO expressed his appreciation to distinguished personalities who contributed to the growth and success of the company.

    Also, the Chairman of Parthian Partners, Mr Adedotun Sulaiman (MFR), in his address, encouraged members to be more committed to the future of the firm.

    “As we celebrate Parthian’s 10th anniversary, it is an appropriate time for us, the pioneers of this great company, to reflect on our phenomenal achievements and to commit ourselves to building a legacy for the future generations.

    “The Parthian story started 10 years ago when the Founder, Seye Olusoga shared with my age long friend, Adebayo Adeola and myself, his vision to start an interdealer brokerage business in Nigeria.

    “To provide a platform for market players to unanimously trade large volumes of fixed income securities”, he said.

    According to Sulaiman, Parthian Partners, which was established in 2012, remains Nigeria’s premier traditional inter-dealer brokerage firm with a wide range of clientele.

    He said that the clientele cuts across local and foreign banking institutions, assets managers, insurance companies, pension fund administrators, corporates bodies and development organisations.

    Sulaiman described the company as a well-established institution with a strong innovative spirit, which maintained service standards on the scale of an efficient enterprise.

    “ Parthian Partners prides itself as the leading firm in fixed income and structured finance and equities and financial integration services in the industry.

    “It leverages technology to provide services to its clientele to enable financial growth at all levels.

    “However, it was no mean feat to introduce the company’s vision and to work with regulators to develop a framework for its regulation and operations, a vision which he said birthed not only a successful business, but also a thriving sector.

    “I recall the efforts that were required to set up the business at a time when interdealer brokerage was alien to the region.

    “We started to build from scratch and worked our way to become the first interdealer broker in sub-Saharan Africa’’.

    He   said that while Parthian Partners had continued to improve services and impact lives across the country, the firm was bent on changing the narrative for Nigerians through access to cash and ease of transactions.

    He emphasised the company’s commitment to retaining its core values and vision from inception 10 years ago to continue to innovate and to satisfy its clientele.

    “Our first commitment is to retain the Parthian’s DNA and embrace our ‘DIETS’, which is an acronym of ‘Dedication’, ‘Integrity’, ‘Excellence’, ‘Teamwork’ and ‘Service’, just as we envisioned 10 years ago.

    “For Parthian, this means committing ourselves to go the extra mile to ensure that the interests of all stakeholders are duly satisfied.

    “To never compromise on ethical standards, to seek to exceed expectations, to work together to achieve our common objectives and to leverage strong relationships, technology, and intelligence to deliver superior service to our clientele.

    “Our second commitment is to build to last.

    We are building a business that will stand the test of time and become a legacy.

    “The future is very bright.

    I see huge prospects for Parthian and there are many things we are working on presently to solidify this,’’ Sulaiman added.

    He thanked all the Parthian’s stakeholders, partners, Board of Directors, management staff and valued clients who contributed to  Parthian’s enviable position in the financial marketplace.

    NewsSourceCredit: NAN

  •  Market Capitalisation on the Nigerian bourse further closed on a negative position on Wednesday with the All Share Index ASI decreasing by 0 06 per cent to 51 556 54 from 51 586 5 on Wednesday Similarly the market capitalisation dropped by N16 15 billion to N27 79 trillion from N27 81 trillion recorded on Tuesday The Year to Date YTD return stood at 20 76 per cent The market breadth closed positive as 17 stocks advanced against 16 stocks that declined Academy Press recorded the highest price gain of 9 79 per cent to close at N1 57 per share Chi Plc followed with a gain of 8 70 per cent to close at 75k per share while Japaul Gold rose by 7 41 per cent to close at 29k per share UPDCreit rose by 4 35 per cent to close at N3 60 while Chams gained 4 17 per cent to close at 25k per share On the other hand NEM Insurance and Champion Breweries led the losers chart by 10 per cent each to close at N3 42 N3 60 per share respectively Union Bank depreciated by 9 76 per cent to close at N55 5 per share UPL followed with a decline of 8 91 per cent to close at N2 35 per share while RT Briscoe led loss by 7 50 per cent to close at 0 37 per share Meanwhile shares of CAP led the volume chart with 29 32 million shares valued at N499 95 million Transcorp followed with 15 55 million shares worth N19 59 million while Guaranty Trust Holding Company GTCO traded 13 11 million shares valued at N267 09 million UPDC traded 11 97 million shares valued at N14 62 million while United Bank for Africa UBA transacted 10 55 million shares worth N78 92 million Chams also sold 7 83 million shares at N11 94 million The total volume traded decreased to N1 44 billion from NGN2 57 billion on Tuesday and exchanged in 3 745 deals www nanews ng NewsSourceCredit NAN
    NGX: Equities market declines further by 0.06%
     Market Capitalisation on the Nigerian bourse further closed on a negative position on Wednesday with the All Share Index ASI decreasing by 0 06 per cent to 51 556 54 from 51 586 5 on Wednesday Similarly the market capitalisation dropped by N16 15 billion to N27 79 trillion from N27 81 trillion recorded on Tuesday The Year to Date YTD return stood at 20 76 per cent The market breadth closed positive as 17 stocks advanced against 16 stocks that declined Academy Press recorded the highest price gain of 9 79 per cent to close at N1 57 per share Chi Plc followed with a gain of 8 70 per cent to close at 75k per share while Japaul Gold rose by 7 41 per cent to close at 29k per share UPDCreit rose by 4 35 per cent to close at N3 60 while Chams gained 4 17 per cent to close at 25k per share On the other hand NEM Insurance and Champion Breweries led the losers chart by 10 per cent each to close at N3 42 N3 60 per share respectively Union Bank depreciated by 9 76 per cent to close at N55 5 per share UPL followed with a decline of 8 91 per cent to close at N2 35 per share while RT Briscoe led loss by 7 50 per cent to close at 0 37 per share Meanwhile shares of CAP led the volume chart with 29 32 million shares valued at N499 95 million Transcorp followed with 15 55 million shares worth N19 59 million while Guaranty Trust Holding Company GTCO traded 13 11 million shares valued at N267 09 million UPDC traded 11 97 million shares valued at N14 62 million while United Bank for Africa UBA transacted 10 55 million shares worth N78 92 million Chams also sold 7 83 million shares at N11 94 million The total volume traded decreased to N1 44 billion from NGN2 57 billion on Tuesday and exchanged in 3 745 deals www nanews ng NewsSourceCredit NAN
    NGX: Equities market declines further by 0.06%
    Economy5 months ago

    NGX: Equities market declines further by 0.06%

    Market Capitalisation on the Nigerian bourse further closed on a negative position on Wednesday with the All-Share Index (ASI) decreasing by 0.06 per cent to 51,556.54 from 51,586.5 on Wednesday.

    Similarly, the market capitalisation dropped by N16.15 billion to N27.79 trillion from N27.81 trillion recorded on Tuesday.

    The Year-to-Date (YTD) return stood at 20.76 per cent.

    The market breadth closed positive as 17 stocks advanced against 16 stocks that declined.

    Academy Press recorded the highest price gain of 9.79 per cent to close at N1.57 per share.

    Chi Plc followed with a gain of 8.70 per cent to close at 75k per share, while Japaul Gold rose by 7.41 per cent to close at 29k per share.

    UPDCreit rose by 4.35 per cent to close at N3.60 while Chams gained 4.17 per cent to close at 25k per share.

    On the other hand, NEM Insurance and Champion Breweries led the losers’ chart by 10 per cent each to close at N3.42, N3.60 per share, respectively.

    Union Bank depreciated by 9.76 per cent to close at N55.5 per share.

    UPL followed with a decline of 8.91 per cent to close at N2.35 per share, while RT Briscoe led loss by 7.50 per cent to close at 0.37 per share.

    Meanwhile, shares of CAP led the volume chart with 29.32 million shares valued at N499.95 million.

    Transcorp followed with 15.55 million shares worth N19.59 million, while Guaranty Trust Holding Company (GTCO) traded 13.11 million shares valued at N267.09 million.

    UPDC traded 11.97 million shares valued at N14.62 million, while United Bank for Africa (UBA) transacted 10.55 million shares worth N78.92 million.

    Chams also sold 7.83 million shares at N11.94 million.

    The total volume traded decreased to N1.44 billion from NGN2.57 billion on Tuesday and exchanged in 3,745 deals.
    (www.nanews.ng)

    NewsSourceCredit: NAN

  •  Trading on the Nigerian Exchange Ltd NGX opened the week on a positive note on Monday as the market capitalisation gained N96 08 billion an increase of 0 34 per cent Specifically the market capitalisation closed at N28 619 trillion compared to the N28 523 trillion on Friday The All Share Index also inched higher by 0 34 per cent to 53 086 46 points from the 52 908 24 posted on Friday The gain was a result of buying interests in large and medium stocks such as MTN Nigeria First Bank of Nigeria Holdings FBNH Conoil amongst others Consequently the Month to Date and Year to Date returns advanced to 0 2 per cent 24 28 per cent respectively Analysts at Vetiva Dealing said Despite the green close the market traded quiet with block trades in a single stock accounting for most of the day s volume We anticipate improved activity across board in tomorrow s session amid continued bargain hunting activities Performance across sectors was mixed as the Oil amp Gas gained by 0 7 per cent and Industrial Goods by 0 1 per cent The Insurance Banking and Consumer Goods declined by 0 4 per cent 0 4 per cent and 0 1 per cent respectively Market sentiment as measured by market breadth was positive with 19 gainers relative to 12 losers Conoil emerged the day s highest price gainer with 9 97 per cent to close at N32 Pharmdeko rose by 9 37 per cent to close at N1 75 Learn Africa added 8 72 per cent to close at N2 37 FTNCocoa garnered 5 88 per cent to close at 36 kobo Chams gained 4 17 per cent to close at 25k JapaulGold led others on the losers chart with 6 25 per cent to close at 30k ABC Transport followed with 6 06 per cent to close at 31k Unilever dropped 3 01 per cent to close at N14 50 AIICO Insurance depreciated by 2 94 per cent to close at 66k while Jaizbank declined by 2 22 per cent to close at 88k FBNH was the toast of investors during the day exchanging 610 41 million shares valued N6 78 billion while Flour Mills traded 22 97 million shares valued N803 92 million WAPIC followed with an account of 21 60 million shares worth N8 79 million Transcorp exchanged 11 57 million shares worth N14 56 million and Zenith Bank sold 8 92 million shares worth N208 88 million The total volume of shares traded increased by 167 per cent to 755 62 million units valued at NGN8 9 billion and exchanged in 4 297 deals FBNH was the most traded stock by volume and value at 610 41 million units and NGN6 78 billion respectively NAN
    NGX: Capitalisation rises further by N96bn
     Trading on the Nigerian Exchange Ltd NGX opened the week on a positive note on Monday as the market capitalisation gained N96 08 billion an increase of 0 34 per cent Specifically the market capitalisation closed at N28 619 trillion compared to the N28 523 trillion on Friday The All Share Index also inched higher by 0 34 per cent to 53 086 46 points from the 52 908 24 posted on Friday The gain was a result of buying interests in large and medium stocks such as MTN Nigeria First Bank of Nigeria Holdings FBNH Conoil amongst others Consequently the Month to Date and Year to Date returns advanced to 0 2 per cent 24 28 per cent respectively Analysts at Vetiva Dealing said Despite the green close the market traded quiet with block trades in a single stock accounting for most of the day s volume We anticipate improved activity across board in tomorrow s session amid continued bargain hunting activities Performance across sectors was mixed as the Oil amp Gas gained by 0 7 per cent and Industrial Goods by 0 1 per cent The Insurance Banking and Consumer Goods declined by 0 4 per cent 0 4 per cent and 0 1 per cent respectively Market sentiment as measured by market breadth was positive with 19 gainers relative to 12 losers Conoil emerged the day s highest price gainer with 9 97 per cent to close at N32 Pharmdeko rose by 9 37 per cent to close at N1 75 Learn Africa added 8 72 per cent to close at N2 37 FTNCocoa garnered 5 88 per cent to close at 36 kobo Chams gained 4 17 per cent to close at 25k JapaulGold led others on the losers chart with 6 25 per cent to close at 30k ABC Transport followed with 6 06 per cent to close at 31k Unilever dropped 3 01 per cent to close at N14 50 AIICO Insurance depreciated by 2 94 per cent to close at 66k while Jaizbank declined by 2 22 per cent to close at 88k FBNH was the toast of investors during the day exchanging 610 41 million shares valued N6 78 billion while Flour Mills traded 22 97 million shares valued N803 92 million WAPIC followed with an account of 21 60 million shares worth N8 79 million Transcorp exchanged 11 57 million shares worth N14 56 million and Zenith Bank sold 8 92 million shares worth N208 88 million The total volume of shares traded increased by 167 per cent to 755 62 million units valued at NGN8 9 billion and exchanged in 4 297 deals FBNH was the most traded stock by volume and value at 610 41 million units and NGN6 78 billion respectively NAN
    NGX: Capitalisation rises further by N96bn
    Economy6 months ago

    NGX: Capitalisation rises further by N96bn

    Trading on the Nigerian Exchange Ltd., (NGX) opened the week on a positive note on Monday as the market capitalisation gained N96,08 billion, an increase of 0.34 per cent.

    Specifically, the market capitalisation closed at N28.619 trillion, compared to the N28.523 trillion on Friday.

    The All-Share Index also inched higher by 0.34 per cent to 53,086.46 points from the 52,908.24 posted on Friday.

    The gain was a result of buying interests in large and medium stocks such as MTN Nigeria, First Bank of Nigeria Holdings (FBNH), Conoil, amongst others.

    Consequently, the Month-to-Date and Year-to-Date returns advanced to 0.2 per cent 24.28 per cent respectively.

    Analysts at Vetiva Dealing said: “Despite the green close, the market traded quiet with block trades in a single stock accounting for most of the day’s volume.

    “We anticipate improved activity across board in tomorrow’s session amid continued bargain hunting activities.”

    Performance across sectors was mixed, as the Oil & Gas gained by 0.7 per cent and Industrial Goods by 0.1 per cent.

    The Insurance, Banking and Consumer Goods declined by 0.4 per cent, 0.4 per cent and 0.1 per cent respectively.

    Market sentiment as measured by market breadth was positive with 19 gainers relative to 12 losers.

    Conoil emerged the day’s highest price gainer with 9.97 per cent to close at N32. Pharmdeko rose by 9.37 per cent to close at N1.75.

    Learn Africa added 8.72 per cent to close at N2.37. FTNCocoa garnered 5.88 per cent to close at 36 kobo. Chams gained 4.17 per cent to close at 25k.

    JapaulGold led others on the losers’ chart with 6.25 per cent to close at 30k.

    ABC Transport followed with 6.06 per cent to close at 31k. Unilever dropped 3.01 per cent to close at N14.50.

    AIICO Insurance depreciated by 2.94 per cent to close at 66k, while Jaizbank declined by 2.22 per cent to close at 88k.

    FBNH was the toast of investors during the day, exchanging 610.41 million shares valued N6.78 billion, while Flour Mills traded 22.97 million shares valued N803.92 million.

    WAPIC followed with an account of 21.60 million shares worth N8.79 million.

    Transcorp exchanged 11.57 million shares worth N14.56 million and Zenith Bank sold 8.92 million shares worth N208.88 million.

    The total volume of shares traded increased by 167 per cent to 755.62 million units, valued at NGN8.9 billion, and exchanged in 4,297 deals.

    FBNH was the most traded stock by volume and value at 610.41 million units and NGN6.78 billion, respectively.

    (NAN)

  •  Trading on the Nigerian bourse closed positive on Friday with the All Share Index ASI increasing by 0 17 to close at 52 908 24 from 52 815 78 on Thursday Similarly market capitalisation increased by N49 billion to N28 523 trillion from N28 474 trillion recorded on Thursday The Year to Date YTD returns increased to 23 86 per cent The market breadth closed positive as 22 stocks advanced against 16 stocks that declined NEM Insurance recorded the highest price gain of 9 95 per cent to close at N4 20 per share Chams followed with a gain of 9 09 per cent to close at 24k per share while Champion Breweries rose by 8 06 per cent to close at N3 89 per share Nigerian Breweries rose by 7 06 per cent to close at N63 70 while Eterna Oil gained 6 65 per cent to close at N7 70 per share On the other hand UPDC Real Estate Investment Trust UPDCreit led the losers chart by 9 33 per cent to close at N3 40 per share WAPIC declined by 4 55 per cent to close at 42k while UACN depreciated by 4 35 per cent to close at N11 per share Caverton followed with a decline of 3 36 per cent to close at N1 15 per share while International Breweries led lost 3 33 per cent to close at N7 25 per share Meanwhile shares of UACN led the volume chart with 73 89 million shares valued at N812 9 million First Bank Nigeria Holdings FBNH followed with 53 13 million shares worth N596 76 million while Transcorp traded 43 91 million shares valued at N56 36 million UPDCreit traded 12 42 million shares valued at N43 38 million while Zenith Bank transacted 9 76 million shares worth N228 47 million The total volume traded increased by 3 11 per cent to 282 97 million units valued at NGN3 37 billion exchanged in 4 245 deals NAN
    Stock market closes positive, index gains 0.17%
     Trading on the Nigerian bourse closed positive on Friday with the All Share Index ASI increasing by 0 17 to close at 52 908 24 from 52 815 78 on Thursday Similarly market capitalisation increased by N49 billion to N28 523 trillion from N28 474 trillion recorded on Thursday The Year to Date YTD returns increased to 23 86 per cent The market breadth closed positive as 22 stocks advanced against 16 stocks that declined NEM Insurance recorded the highest price gain of 9 95 per cent to close at N4 20 per share Chams followed with a gain of 9 09 per cent to close at 24k per share while Champion Breweries rose by 8 06 per cent to close at N3 89 per share Nigerian Breweries rose by 7 06 per cent to close at N63 70 while Eterna Oil gained 6 65 per cent to close at N7 70 per share On the other hand UPDC Real Estate Investment Trust UPDCreit led the losers chart by 9 33 per cent to close at N3 40 per share WAPIC declined by 4 55 per cent to close at 42k while UACN depreciated by 4 35 per cent to close at N11 per share Caverton followed with a decline of 3 36 per cent to close at N1 15 per share while International Breweries led lost 3 33 per cent to close at N7 25 per share Meanwhile shares of UACN led the volume chart with 73 89 million shares valued at N812 9 million First Bank Nigeria Holdings FBNH followed with 53 13 million shares worth N596 76 million while Transcorp traded 43 91 million shares valued at N56 36 million UPDCreit traded 12 42 million shares valued at N43 38 million while Zenith Bank transacted 9 76 million shares worth N228 47 million The total volume traded increased by 3 11 per cent to 282 97 million units valued at NGN3 37 billion exchanged in 4 245 deals NAN
    Stock market closes positive, index gains 0.17%
    Economy6 months ago

    Stock market closes positive, index gains 0.17%

    Trading on the Nigerian bourse closed positive on Friday with the All-Share Index (ASI) increasing by 0.17% to close at 52,908.24 from 52,815.78 on Thursday.

    Similarly, market capitalisation increased by N49 billion to N28.523 trillion from N28.474 trillion recorded on Thursday.

    The Year-to-Date (YTD) returns increased to 23.86 per cent.

    The market breadth closed positive as 22 stocks advanced against 16 stocks that declined.

    NEM Insurance recorded the highest price gain of 9.95 per cent to close at N4.20 per share.

    Chams followed with a gain of 9.09 per cent to close at 24k per share, while Champion Breweries rose by 8.06 per cent to close at N3.89 per share.

    Nigerian Breweries rose by 7.06 per cent to close at N63.70 while Eterna Oil gained 6.65 per cent to close at N7.70 per share.

    On the other hand, UPDC Real Estate Investment Trust (UPDCreit) led the losers’ chart by 9.33 per cent to close at N3.40 per share.

    WAPIC declined by 4.55 per cent to close at 42k while UACN depreciated by 4.35 per cent to close at N11 per share.

    Caverton followed with a decline of 3.36 per cent to close at N1.15 per share, while International Breweries led lost 3.33 per cent to close at N7.25 per share.

    Meanwhile, shares of UACN led the volume chart with 73.89 million shares valued at N812.9 million.

    First Bank Nigeria Holdings (FBNH)  followed with 53.13 million shares worth N596.76 million, while Transcorp traded 43.91 million shares valued at N56.36 million.

    UPDCreit traded 12.42 million shares valued at N43.38 million, while Zenith Bank transacted 9.76 million shares worth N228.47 million.

    The total volume traded increased by 3.11 per cent  to 282.97 million units, valued at NGN3.37 billion exchanged in 4,245 deals.

    (NAN)

  •  The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28 567 trillion from N28 989 trillion on Monday The All Share Index ASI also dipped by 1 45 per cent to 52 990 28 points from 53 772 14 points recorded on Monday The Month to Date and Year to Date returns increased to 6 8 per cent and 24 1 per cent respectively Sectoral performance was broadly negative as the Industrial Goods recorded a decline of 3 6 per cent Consumer Goods fell by 1 8 per cent Oil and Gas dropped by 0 8 per cent Banking also dropped by 0 2 per cent and Insurance fell by 0 1 per cent The market sentiment was positive with 19 gainers relative to 16 losers Transcorp Hotel topped the gainers chart in percentage terms with 6 48 per cent to close at N6 25 per share Champion Breweries followed with 5 05 per cent to close at N3 95 while CWG rose by 5 05 per cent to close at N1 04 per share Ecobank Transnational Incorporated ETI rose by 5 04 per cent to close at N12 50 while LASACO Assurance appreciated by 4 81 per cent to close at N1 09 per share Conversely Nigerian Breweries led the losers chart in percentage terms by 9 96 per cent to close at N62 40 per share NNFM dropped by 9 83 per cent to close at N10 55 while Japaul Gold declined by 9 09 per cent to close at 30k Also Prestige and Multiverse Mining and Exploration followed with a loss of 6 98 per cent and 4 76 per cent each to close at 40k and 20k respectively The total volume traded decreased by 98 9 per cent to 318 28 million units valued at NGN3 71 billion exchanged in 5 190 deals Transactions in the shares of Transcorp topped the activity chart with 86 74million shares valued at N111 73 million Jaiz Bank sold 22 77 million shares worth N20 25 million while Sovereign Insurance accounted for 20 21 million shares valued at N5 03 million First City Monument Bank FCMB traded 19 76 million shares worth N68 51 million while Sterling Bank transacted 17 17 million shares valued at N25 71 million MTN Nigeria was the most traded stock by value at NGN1 64 billion www nanews ng Salif Atojoko NAN
    Stock market: Capitalisation loses N422bn
     The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28 567 trillion from N28 989 trillion on Monday The All Share Index ASI also dipped by 1 45 per cent to 52 990 28 points from 53 772 14 points recorded on Monday The Month to Date and Year to Date returns increased to 6 8 per cent and 24 1 per cent respectively Sectoral performance was broadly negative as the Industrial Goods recorded a decline of 3 6 per cent Consumer Goods fell by 1 8 per cent Oil and Gas dropped by 0 8 per cent Banking also dropped by 0 2 per cent and Insurance fell by 0 1 per cent The market sentiment was positive with 19 gainers relative to 16 losers Transcorp Hotel topped the gainers chart in percentage terms with 6 48 per cent to close at N6 25 per share Champion Breweries followed with 5 05 per cent to close at N3 95 while CWG rose by 5 05 per cent to close at N1 04 per share Ecobank Transnational Incorporated ETI rose by 5 04 per cent to close at N12 50 while LASACO Assurance appreciated by 4 81 per cent to close at N1 09 per share Conversely Nigerian Breweries led the losers chart in percentage terms by 9 96 per cent to close at N62 40 per share NNFM dropped by 9 83 per cent to close at N10 55 while Japaul Gold declined by 9 09 per cent to close at 30k Also Prestige and Multiverse Mining and Exploration followed with a loss of 6 98 per cent and 4 76 per cent each to close at 40k and 20k respectively The total volume traded decreased by 98 9 per cent to 318 28 million units valued at NGN3 71 billion exchanged in 5 190 deals Transactions in the shares of Transcorp topped the activity chart with 86 74million shares valued at N111 73 million Jaiz Bank sold 22 77 million shares worth N20 25 million while Sovereign Insurance accounted for 20 21 million shares valued at N5 03 million First City Monument Bank FCMB traded 19 76 million shares worth N68 51 million while Sterling Bank transacted 17 17 million shares valued at N25 71 million MTN Nigeria was the most traded stock by value at NGN1 64 billion www nanews ng Salif Atojoko NAN
    Stock market: Capitalisation loses N422bn
    Economy6 months ago

    Stock market: Capitalisation loses N422bn

    The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday.

    The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points recorded on Monday.

    The Month-to-Date and Year-to-Date returns increased to 6.8 per cent and 24.1 per cent, respectively.

    Sectoral performance was broadly negative, as the Industrial Goods recorded a decline of 3.6 per cent, Consumer Goods fell by 1.8 per cent, Oil and Gas dropped by 0.8 per cent, Banking also dropped by 0.2 per cent, and Insurance fell by 0.1 per cent.

    The market sentiment was positive with 19 gainers relative to 16 losers.

    Transcorp Hotel topped the gainers’ chart in percentage terms with 6.48 per cent to close at N6.25 per share.

    Champion Breweries followed with 5.05 per cent to close at N3.95, while CWG rose by 5.05 per cent to close at N1.04 per share.

    Ecobank Transnational Incorporated (ETI) rose by 5.04 per cent to close at N12.50, while LASACO Assurance appreciated by 4.81 per cent to close at N1.09 per share.

    Conversely, Nigerian Breweries led the losers’ chart in percentage terms by 9.96 per cent to close at N62.40 per share.

    NNFM dropped by 9.83 per cent to close at N10.55, while Japaul Gold declined by 9.09 per cent to close at 30k.

    Also, Prestige and Multiverse Mining and Exploration followed with a loss of 6.98 per cent and 4.76 per cent each to close at 40k and 20k, respectively.

    The total volume traded decreased by 98.9 per cent to 318.28 million units valued at NGN3.71 billion, exchanged in 5,190 deals.

    Transactions in the shares of Transcorp topped the activity chart with 86.74million shares valued at N111.73 million.

    Jaiz Bank sold 22.77 million shares worth N20.25 million, while Sovereign Insurance accounted for 20.21 million shares valued at N5.03 million.

    First City Monument Bank (FCMB) traded 19.76 million shares worth N68.51 million, while Sterling Bank transacted 17.17 million shares valued at N25.71 million.

    MTN Nigeria was the most traded stock by value at NGN1.64 billion.

    (www nanews.ng)

    Salif Atojoko

    (NAN)

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