- Central Bank Reduces Interest Rate to 23%
- Nigerian Exchange Gains N297bn as Banking Index Drives Momentum
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Economy
The Central Bank of Nigeria (CBN) is anticipated to keep the benchmark interest rate at 26.5% at the policy committee
The Nigerian naira has started recovering from demand shocks across foreign exchange markets …
In the secondary market, the average yield on Nigerian Treasury bills increased significantly due to strong selloffs in government borrowing instruments.
The House of Representatives has advocated for the subsidization of malaria drugs in Nigeria, and even making them freely available at all Government Health Centres.
The average yield on the federal government of Nigeria bond rose slightly on Thursday as investors
The Nigerian Exchange (NGX) shed more than N296 billion on Thursday due to a negative shift in market sentiment.
Euromonitor International has forecast the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of USD 2 trillion to over USD 4.5 trillion.