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The equities segment of the Nigerian Exchange (NGX) has further climbed due to rising interest in banking stocks amidst an expected year-end Santa Claus rally.

The equities market witnessed strong demand for banking stock during the midday trading session,

FX WATCH: The exchange rate settled in favour of the Nigerian naira at the official, gaining about 10% on Monday

As part of its effort to promote financial system stability, the Central Bank of Nigeria has issued new operating guidelines

The naira got knocked down as local currency value spiralled downward after the Central Bank of

 GCR Ratings (GCR) has affirmed United Bank for Africa Plc’s long-term national and international

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector.

In the foreign exchange market, the Naira showed a lacklustre performance against the US dollar,

The African Development Bank (AfDB), has signed an additional 20 million dollar Trade Finance Facility with FSDH to support Small and Medium Enterprises (SMEs) in Nigeria.

After staying low sugar, the dollar has found some support despite bullish sentiment on US bonds with Treasury yields breaking through key levels.