Browsing: Banks

Fixed interest income investors increased their respective bets on Nigerian Treasury bills in the secondary market ahead of the midweek auction.

US dollar inflows into the Nigerian autonomous foreign exchange (FX) market hit 5-month high in October, investment firms said quoting data from the FMDQ

Nigerian Treasury, OMO Bills Yields Rise Ahead of Auction The average yield on Nigerian Treasury and OMO bills increased in…

The total assets of Nigeria’s top 5 banks surged by more than 55% year to date to settle at N146.34 trillion

The combined market value of Nigerian Tier-1 banks increased by more than N40 billion week on week, according to data tracked by MarketForces Africa. 

Interbank Rates Dip as Remita, Signature Bonus Boost Liquidity Interbank rates were kept in check as signature bonuses, a non-refundable…

NDLEA Confiscates N4bn Worth of Cocaine at Lagos Airport The National Drug Law Enforcement Agency (NDLEA) has confiscated over N4…

Fitch Ratings has affirmed Nigeria’s credit or long-term foreign currency issuer default rating (IDR) at ‘B-‘ with a positive outlook. The ratings affirmation is supported by the country’s large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves, Fitch said.

The equities market index is trading negative during the midday session on the Nigerian Exchange (NGX) platform due to sell pressure on banks and telecom company stocks. The Nigerian index declined yesterday due to weak sentiment despite earnings releases.

Interbank rates declined sharply despite huge outflow relating to FX auction sales to authorised deposit money banks