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Naira Falls To Dollar, Exchanges at N461.67

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  An exchange rate of N462.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.67. The Naira on Thursday depreciated against the dollar at the investors’ and exporters’ window, exchanging at N461.67. The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday. The open indicative rate closed at N461.25 to the dollar on Thursday. An exchange rate of N462.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.67. The Naira sold for as low as N460 to the dollar within the day’s trading. A total of 80.03 million dollars was traded at the official investors’ and exporters’ window.

Stock market capitalisation continues upward swing

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The marketplace capitalisation of the Nigerian Exchange Limited continued to comprehend at the close of trading on Wednesday. The All-Share index moved 30 base factors to 54,936.Eleven from 54, 906.68 recorded on Tuesday. The marketplace cap moved to N29.927tn at the close of buying and selling, a zero.06 according to cent appreciation A total of 134,150,558 stocks well worth N1.330bn have been exchanged in 2,479 deals on the buying and selling ground. Despite the appreciation inside the market cap and ASI, the market sentiments have been poor with 14 stocks at the losers’ desk in comparison to nine at the gainers’ table. Atop the losers’ table had been NCR with a 9.69 in keeping with cent loss in its market price to close the day at N2.61, and FTN Cocoa misplaced 6.Ninety in keeping with cent to shut at N0.27 according to share. Third, at the gainers’ table was JapaulGold whose share misplaced 6.67 consistent with cent in its share value to shut at N0.28. On the gainers’ table had bee