30.2 C
Lagos
Wednesday, November 6, 2024
The Nigerian naira appreciated in the official window as foreign reserves surged to approximately $40 billion
Bank of Industry Disburses N1bn to Business Owners in Ogun The Bank of Industry (BoI) says it has disbursed the sum of one billion naira to 20,000 small business owners in Ogun. Mr Michael Agidani, Manager BoI in Ogun, said this during a nationwide town hall/sensitisation programme on Presidential Grant...
BOI Urges MSMEs to Embrace Presidential Loans Scheme The Bank of Industry (BOI) has urged Micro Small and Medium Enterprises (MSMEs) owners in Akwa Ibom, to take advantage of the presidential grants and loans scheme to improve their businesses. Mr Tolu Toluwase, the Manager, BOI, Akwa Ibom, made the call at...
Banking Names Drive Intraday Gain in Equities Market Banking names are trending positively in the equities market at noon. With strong buying momentum, the banking index is trending positively during intraday trading on the Nigerian Exchange (NGX) platform. Data from the local bourse showed there is an ongoing positioning in...
Fixed interest income investors increased their respective bets on Nigerian Treasury bills in the secondary market ahead of the midweek auction.
Money Market Rates Mixed on Excess Liquidity in Banking System Money market rates diverge amidst excess liquidity balance in the financial system. The surplus liquidity has kept rates movement in check in the last few weeks, and analysts are projecting similar experience until after the midweek Treasury bills auction. Analysts said...
The value of the naira sank against the US dollar at Nigeria’s autonomous foreign exchange (FX) market as demand
Access Holdings Grows Total Assets by 54% to N41trn in Q3 Access Holdings Plc grew total asset by 54% to N41. 1 trillion at the end of the third quarter of the financial year 2024, it unaudited report for the period showed. The financial results highlight the group’s continued growth momentum,...
Telecommunications company MTN Nigeria Plc. has announced a plan to raise up to N50 billion from commercial paper sales in the local debt capital market.
US dollar inflows into the Nigerian autonomous foreign exchange (FX) market hit 5-month high in October, investment firms said quoting data from the FMDQ