Browsing: Banks

Naira Plunges by 1.4% as Higher Tariff Hits Nigeria’s Exports The naira plunged sharply at the official FX window after…

Treasury Bills Yield Rises to 19.5% Ahead of Q2 Supply With the bearish trade in the secondary market, the average…

Central Bank’s Net FX Reserve Position Hits 3-Year High The Central Bank of Nigeria (CBN) has reported a substantial improvement…

Nigeria’s Private Sector Sees Fastest Growth Since January 2024 Following Nigeria’s economic reforms, private sector growth accelerated fastest since January…

Transactions on NGX Fall by 16% as FPIs Exit Positions Total transactions conducted on the Nigerian Exchange (NGX) trading platform…

NLNG Dividend, Derivation Fund, TBills Inflow Drag Rates Below 27% Inflows from matured investment securities, Nigeria LNG dividend refund and…

In March, naira (NGN) rates worsened against the US dollar (USD) across the foreign exchange markets despite significant FX interventions in the official and parallel markets. The naira lost 3%, though the Central Bank of Nigeria (CBN) pumped more than $1 billion official window to oil the forex market inflows.

Equities Investors Gain N438bn as Banks Earnings Boost Sentiment The Nigerian Exchange (NGX) expanded by about N438bn as Tier-1 banks…

Nigerian Exchange Rebounds, Equities Investors Gain N147bn Equities investors gained N148 billion on the Nigerian Exchange, trading platform as GTCO,…

Rates Fall Below 28% over Surplus Liqudity in Banking System The money market rates plunged below 28% apiece due to…