Yield Shrinks as Investors Go After New Treasury Bills The average yield on Nigerian Treasury bills shrank by 57 basis…

The short-term benchmark interest rates trended higher in the money market as banks faced liquidity constraints that kept funding rates elevated on the back of the settlement for the Nigerian Treasury bills (NTB) auction.

The Nigerian naira exchange rate dropped to N1,500 per U.S. dollar at the official currency market on Thursday, marking the fourth successive price depreciation due to FX liquidity shortfall.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s economy is on the rise with great investment opportunities.

Ondo Partners ZNT AgriHub to Boost Food Production The Ondo State Government says it is partnering with the ZNT AgriHub…

FCTA Approves N795.6m to Insure Movable, Immovable Assets The Federal Capital Territory Administration (FCTA) has approved N795.6 million to provide…

Equities Investors Gain N65bn as Financial Stocks Rally Equities investors trading highs and lows in the Nigerian Exchange, NGX, saw…

Trade Union Congress Rejects Proposed 65% Hike in Electricity Tariff The Trade Union Congress of Nigeria (TUC) has rejected the…

US Dollar Rises Against Trading Pairs in Forex Market The US dollar (USD) rose against its major trading partners early…

Nissan to End Merger Talks With Honda Nissan Motor Co. has formally informed Honda Motor Co. of its decision to…