Browsing: Banking
For the fifth trading session, the naira declined against the US dollar amid tightening liquidity, driven by the Apex Bank’s efforts to prevent the local currency from gaining momentum.
The Nigerian naira falls for the fourth consecutive trading session in the foreign exchange market, as the Central Bank’s large US dollar purchases signal a move to curb a strong local currency.
Tier-1 banks: GTCO, Zenith, First Holdco, UBA, and Access Plc added N778 billion to their combined market value (MV) in the Nigerian stock market as investors stepped up actions.
SCM Capital Asset Mgt Limited’s Fund (the Frontier Fund), an open-ended unit trust scheme that offers investors the opportunity and flexibility to pool resources and optimize returns through the earning power of volume investing, has announced a plan to pay unitholders N18 per unit.
Exchange Rate Falls over High Demand for Dollar The naira exchange rate depreciated at the Central Bank foreign exchange market…
GTCO, Stanbic Buoy Banking Index, Investors Gain N1.7trn Positive price movements in GTCO and Stanbic IBTC buoyed the Nigerian Exchange…
Nigerian Exchange (NGX) market capitalisation climbed near N124 trillion on Thursday as equities investors’ portfolio value surged by about N1.7 trillion.
Jaiz Bank Momentum Builds as Recapitalisation, Earnings Catalysts Reprice Stock Jaiz Bank Plc has emerged as one of the standout…
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
BoI Secures CBN Approval to Operate Non-Interest Banking Window The Bank of Industry (BoI) has secured regulatory approval from the Central…