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 / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

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