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 / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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