Naira Hits N436.50 at Investors Window as FX Scarcity Bites

FX Market September 13, 2022

The Nigerian local currency, the naira, hits N436.50 to a United States dollar on Monday at the Investors

Heritage Bank Names George-Taylor Acting MD

Appointment September 13, 2022

Heritage Bank Plc has appointed Mr Akinola George-Taylor as acting Managing Director.

Nigerian Stocks Dip N38bn on Sustain Selling Rallies

News September 12, 2022

Nigerian stocks dip N38 billion on Monday amidst sustained selloffs, causing year-to-date return

Ecobank Names Jeremy Awori as Group CEO as Ayeyemi Retires

News September 12, 2022

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced…

Sell Pressures on FGN Bond Push Yield to 13%

Markets September 12, 2022

The average yield on the Federal Government of Nigeria (FGN) bonds tracked higher on sustained pressure

Spot Rate on 364-Day T-Bills Rises to 10%

Economy September 12, 2022

Spot rates across Nigerian Treasury bills tenored inched up strongly at the Central Bank of Nigeria (CBN) primary market auction on the back of inflation rate pressures.

Firm Sees Yields Rising as Fund Managers Sell Short-dated Bills

Financial Market September 12, 2022

Liquidity pressure and the Central Bank of Nigeria’s (CBN) restrictive monetary policy are expected to keep yields…

Naira Falls across FX Markets as Foreign Reserves Drop

FX Market September 12, 2022

Traded at N436.33 to a United States (US) dollar, the Nigerian local currency, the naira

Mali Upgraded to Stable as Govt Settles Unpaid Debt Obligations

Inside Africa September 11, 2022

Moody’s Investors Service has affirmed the Government of Mali’s local and foreign currency long-term…

Liquidity: Cash-Rich Nigerian Banks Influence ‘Rate’

Financial Market September 11, 2022

Liquidity: Cash-Rich Nigerian Banks Influence ‘Rate’ Amidst strained liquidity experienced in the financial system, some highly liquid Nigerian deposit money…

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