Business
Top 10 Highest-Paying Jobs in Nigeria in 2023
April 29, 2023
January 21, 2022
| Trending News | |||||
| Lagos to Launch First Metro Rail System in West Africa, Babajide Sanwo-Olu, the Governor of Lagos State, is finalising the purchase of two of Talgo’s Series 8 train sets for the Red Line rail project in Lagos State from the US. The Red Line is a 37 km track with 11 stations, and if launched, will be the first operational metro system in West Africa and the first of its kind in Nigeria. It will move passengers from Agbado to Oyingbo when completed. |
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| The UK decide to live with Covid-19, calls off all restrictions, British Prime Minister, Boris Johnson, has announced the end of COVID-19 measures which were earlier introduced to control the rapid spread of the Omicron variant in England. It means face masks would not be legally enforced anywhere, COVID passes would not be mandatory and advice to work from home would end. |
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| IMF $50 Billion Trust Fund for Nigeria and Others, IMF report stated that “A proposed $50bn trust fund could help low-income and vulnerable middle-income countries build resilience to balance of payments shocks and ensure a sustainable recovery. The fund will thus be available to Nigeria and other lower to middle economies. |
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| Elon Musk, World's richest man lost nearly $50 billion in weeks, the billionaire’s wealth plummeted on the back of negative investors' sentiments which triggered sell-down across Tech stocks on the US Stock market. Tesla share price dropped significantly with up to 3.4% since the year 2022 began. |
| Stock Market Snapshot report | |||||
| The Nigerian Stock Exchange closed the Thursday trading session of January 20, 2022, on a positive note, with most of the measured indices turning green. Market breadth closed with 24 Gainers and 13 Losers in yesterday's session. The NGX ASI closed at 45,890.52 points, to reflect a gain of 1.01% from the previous trading day period gain of 1.73%, Investors gained N248.08 Billion from the Thursday trading. At the close of the market on Thursday, the stock exchange Equities was gained 1.01% to close at N24,724.96 billion, the Bond market was flat to close at N19.778 billion. Exchange-Traded Fund (ETF) climbed by 0.84% to 7,538.44 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +7.43%. |
| INDICES | Closing Price | % CHG |
| ALL SHARE INDEX | 45,890.520000000000 | 1.21 |
| Equity Cap (N'Tn) | 24,724,962,031,918.00 | 1.01 |
| BOND CAP (N'Tn) | 19,778,838,911,983.70 | 0.00 |
| ETF CAP (N'Bn) | 7,538,438,304.6800000 | 0.84 |
| TOP 5 EQUITY PRICE LEADERS AS OF 19-01-2022 | ||||
| Equity | Previous Price | Closing Price | CHG | % CHG |
| NNFM | 6.55 | 7.20 | 0.65 | 9.9200 |
| LEARNAFRCA | 1.18 | 1.29 | 0.11 | 9.3220 |
| CADBURY | 8.50 | 9.50 | 1.00 | 11.765 |
| LINKASSURE | 0.53 | 0.57 | 0.04 | 7.5470 |
| JAIZBANK | 0.63 | 0.67 | 0.04 | 6.3490 |
| MOST TRADED EQUITIES BY VOLUME AS OF 19-01-2022 | ||
| Equity | Volume Traded | Value Traded |
| CWG | 51,7576,289 | 300,194,247.60 |
| DANGCEM | 102,917,075 | 2,877,9893,991 |
| FBNH | 54,041,0260 | 647,958,220.70 |
| TRANDCORP | 34,103,1840 | 34,704,157.600 |
| SOVEREIGN | 20,985,2900 | 4,886,794.7000 |
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FX MARKET INDICATORS AS OF 01-21-22
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| OFFICIAL FX MARKET | ||||
| Current ($) | Previous (%) | Change | % CHG | |
| I&E FX Window (as of 18-01-22) | 416.33 | 416.33 | 0.00 | 0.00 |
| NAFEX (as of 18-01-22) | 415.25 | 415.37 | -0.03 | -0.03 |
| Parallel Market (as of 20-01-22) | ||||
| Currency | Buy | Sell | Change | |
| USD | 567 | 570 | 3 | |
| EURO | 635 | 640 | 5 | |
| Pounds | 760 | 765 | 5 | |
| NIBOR- NIGERIA INTERBANK OFFER RATE as @ Monday 19-01-2022 | ||||
| Tenor | Current % | Previous % | Change (%) | % CHG |
| O/N | 14.0000 | 15.0000 | -1.0000 | -7.1 |
| 1-Mnth | 9.3815 | 9.75090 | -0.3694 | -3.9 |
| 3-Mnth | 10.9374 | 10.8438 | 0.09360 | 0.90 |
| 6-Mnth | 11.2142 | 10.8886 | 0.32560 | 2.90 |
2 Weeks
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