Trends - Nigeria naira - Business Recorder

Nigeria naira

Kenya, Zambia, Uganda currencies seen softer

NAIROBI: The Kenyan, Zambian and Ugandan currencies are expected to weaken next week, while those from Nigeria and...

Published 06 Jan, 2022 06:40pm

Markets

Nigeria's naira seen bearish, Kenyan shilling likely to weaken

NAIROBI: Nigeria's naira may have a bearish tone in the coming week due to tight dollar supplies, while Kenya's...

Published 30 Dec, 2021 06:34pm

Markets

Kenyan shilling and Zambian kwacha under pressure

NAIROBI: Kenya's shilling and Zambia's kwacha are likely to weaken in the coming week while the Ugandan shilling is...

Published 04 Nov, 2021 06:46pm

Markets

Kenyan Shilling seen weaker, other African currencies stable

NAIROBI: Kenya's currency is likely to come under pressure in the coming week while Nigeria, Zambia, Uganda and...

Published 14 Oct, 2021 06:39pm

Markets

Kenyan shilling seen hurt by strong dollar appetite

Kenya's shilling is expected to be under pressure from dollar demand from importers next week, traders says

Published 07 Oct, 2021 07:25pm

Markets

Nigeria naira at record black market low despite successful Eurobond sale

The West African country sold $4 billion via Eurobonds last week after investors submitted bids of $12.2 billion. It is considering an additional issue

Published 27 Sep, 2021 08:29pm

Markets

Kenyan, Nigerian and Ugandan currencies seen under pressure

Commercial banks posted the shilling at 109.95/110.15 per dollar on Thursday compared with 110 a week earlier

Updated 16 Sep, 2021 06:41pm

Business & Finance

Nigeria central bank worried about FX supply not naira valuation

"We are not really bothered much about valuation. What we are worried about is the supply side and the confidence in the system," Mahmud tells

Published 07 Sep, 2021 05:48pm

Markets

Nigeria extends naira incentive offer to boost Diaspora inflow

Rising dollar demand has been putting pressure on the naira. Nigeria is hoping it can attract remittances from its Diaspora as providers of foreign exchange, such as offshore investors, have exited after COVID-19 triggered a fall in oil prices.
The bank said the scheme, which was meant to end on May 8, would continue until further notice.

Published 06 May, 2021 05:26pm

Markets

Kenya's shilling to ease, Nigeria's naira to hold steady

The Kenyan shilling is seen easing, on strong dollar demand from general merchandise importers and manufacturers.
Commercial banks quoted the shilling at 109.75/109.95, compared with last Thursday's close of 109.55/109.75.

Published 18 Mar, 2021 05:09pm

Business & Finance

Nigeria's Zenith Bank targets 5.5pc rise in pretax profit in 2021

Zenith said it was aiming for 10% loan growth this year, down from 18.6% in 2020 after a currency depreciation at the end of last year helped boost the value of loans priced in naira.
The lender identified small businesses, agriculture, healthcare and manufacturing as some of the growth sectors this year.

Published 25 Feb, 2021 08:21pm

Markets

Nigeria naira quoted at record low in one-month forward market

One-month naira non-deliverable forwards stood at 416 points, from Friday's close of 414, Refinitiv data showed.
Spot market naira closed at a record low of 410.50 per dollar on the over-the-counter market on Friday.

Published 15 Feb, 2021 05:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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