Browsing: Banks

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

Naira Plunges to N1670 after FX Auction to Banks The naira sank deep in the foreign exchange market in the…

The combined market value of big banks increased by N468.1 billion in the last five trading sessions on the Nigerian Exchange last week. MarketForces Africa

FirstBank Denies Shutting Down Transactions Platforms First Bank of Nigeria Ltd. has clarified that its scheduled transition to a new…

Benchmark Yield Dips as Investors Bet on Nigerian Bonds The benchmark yield on Nigerian government bonds dipped slightly to 19.31%…