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Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023.
No doubt, 2023 has been one of the most challenging years in operational history in Nigeria.
The Nigerian stock market, yesterday, started trading in 2024 on a positive note as the NGX All-Share Index advanced by 1.63%, closing at 75,990.88 basis points, compared to the last trading day of 2023, which closed at 74,773.77 basis points. The NGX Market CAP also recorded a gain of N665.98bn…
The total value of Commercial Papers (CPs) quoted on FMDQ Exchange in November 2023 was N77.40 billion.
2023 has been a good year for investors in the Nigerian equity market, as it has maintained a bullish trend for the better part of the year.