Browsing: Central Bank of Nigeria

The Jigawa Government has released N32 million for the implementation of its literacy programme by radio with

Former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Olabode George, has advised

A Lagos-based public affairs analyst, Gbenga Ibrahim, has commended President Bola Tinubu and the

The Conference of Autochthonous Ethnic Communities Development Association (CONECDA), has urged

Katsina State Government says it collected N4.08 billion as Internally Generated Revenue (IGR) in the first

In the first three months in 2024, Nigeria grew total exports by 51% quarter-on-quarter to about

Fidelity Bank Plc benefited from a fresh rally on the Nigerian Exchange, led the gainers chart over a five day rally. The bank’s share price rose sharply, up by 23% week on week as value hunters and shareholders queued behind the financial services stock.

The foreign currency scarcity problem caused the Central Bank of Nigeria (CBN) to intervene in the forex market five times in response to negative exchange rate movements. Overall, the apex bank injected $33 million to boost FX liquidity in the market.

Equities investors wealth rose by over N259 billion to about N56.2 trillion on Thursday in the stock market. The gain drove Nigerian Exchange (NGX) equities market capitalization higher, thanks to bargain hunting in banking and oil and gas stocks.

In the bond market, there was slight trading activity for FGN Bonds in the secondary space. However, the average yield stayed muted at 18.69%, sustaining negative interest yield on naira asset.