Naira depreciates by 0.54% at parallel market
The Naira depreciated in the parallel market by 0.54 per cent to close at 370 to the dollar and in the interbank forex market by 0.02 per cent to close at 305 against the greenback.
Egypt led the drop in Mideast stocks
Shares in most Middle Eastern markets fell as companies across the region announce earnings. Egypt lead the pack in the declines.
iiTrader's Baruch sees gold rolling through $1,300
In today’s "Futures in Focus," Bill Baruch, chief market strategist at iiTrader, and Bloomberg’s Mark Barton examine the recent rally in the gold market.
Erdogan claims win in Turkish referendum
The lira jumped as Turkish citizens voted to endow President Recep Tayyip Erdogan with vast new executive powers, in a narrow referendum victory that may rekindle interest in 2017’s worst-performing emerging market currency.
Otigba, an economic Miracle?
Otigba has been a powerfully disruptive phenomenon. The market helped democratise the sales of technology products in Nigeria. In some ways, Otigba, aka Computer Village, has been our own Silicon Valley.
Neverland goes back on the market
Michael Jackson's famed Neverland Ranch is back on the market at a much-reduced price of $67 million.
Nigeria's earnings season commences
It's earnings season at the Nigerian Stock Exchange and a raft of financial reports have hit the market this week, with many showing mixed performances.