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Business
The Ekiti Government has begun the disbursement of N55.6 million in grants to 177 entrepreneurs selected across the state under the Innovation Enterprise Support Fund (IESF), in partnership with FirstBank of Nigeria.
The International Finance Corporation (IFC) says it would immediately send a mission to Nigeria to explore scalable investment structures that could unlock private capital into the sector.
Nigeria’s Yields slipped in the secondary market for government short- and long-term borrowing instruments as investors circled around naira assets ahead of the release of inflation data.
The Central Bank of Nigeria (CBN) has made another foreign exchange market intervention this week to address the ongoing depreciation of the naira.
In the secondary market for Nigerian government bonds, trading activity was mixed as investors evaluated their portfolios against targets.
The naira declined against the US dollar at the official window on Thursday, marking the seventh consecutive session of depreciation in the local currency.
The U.S. dollar weakened against other major currencies amid geopolitical concerns and trade uncertainties, fuelling negative sentiment.
Slow but steady, the Nigerian local currency, the naira, continues its downward trajectory for the sixth consecutive day, largely driven by FX liquidity shortfall in the official window.
NGX Drops as Investors Dump Shares in Big Banks The Nigerian Exchange (NGX) All-Share Index…