External reserves fell $57.6 million in January, edge toward resistance level. Weak inflow, high usage of dollar inflow into the nation’s external reserve has reduced the external buffer for defending the Nigeria’s local currency, naira.

CRR hike Fuels Bearish Sentiments as Average Yield Inches to 3.7%. Afrinvest, a leading investment banking firm, stated that the recent hike in cash reserve ratio fueled bearish sentiment experienced in the secondary market as average yield spikes to 3.7%.

How to use FGN Savings Bond to plan school, marriage expenses others. FGN Savings Bond for the month of February 2020 opened on Monday. You should buy if you have some cash left in your deposits account.

Strong earnings fail to lift Consolidated Hallmark share price. Consolidated Hallmark Insurance Plc, a General Business and Special Risks Insurance underwriting firm grew profit for 2019 by 56.6% to N636.934 million.

Sterling Bank after tax profit jumps 9.4% amid increase regulation. Despite an increased regulation that defines the banking sector operation in the second half of 2019, Sterling bank Plc bolstered performance as both top and bottom line expanded.

Interswitch Limited Lists ₦23Billion Bond on Nigerian Stock Exchange. The Nigerian Stock Exchange has announced that it has listed Interswitch Limited’s N23billion Bond on Friday, 31 January 2020. The Exchange in a statement said the Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 per cent, is part of a N30 billion Debt Issuance Programme issued through a Special Purpose Vehicle – Interswitch Africa One Plc.

Nigerian Breweries to raise N45 billion commercial paper. Nigerian Breweries Plc will be in the market from Monday to raise N45 billion series 5 and 6 commercial paper programme.

2019 Budget implementation: CBN raises ₦8.5 trillion overdraft for FG.

Pro-Market Experts Task FG On Market-friendly PPP arrangement. As a key alternative to ramping up debt profile, crowding out private sector in the debt market, experts have advised Federal Government to use market-friendly Public-Private Partnership (PPP) to solve the nation’s infrastructural deficit.

Jaiz Bank blockbuster earnings performance lifts stock price by 9.1%. Jaiz Bank Plc has reported an impressive earnings performance this season, as non-interest lender significantly grew profit for the year by 114%.