Browsing: Finance

MarketForces Africa| The Nigerian Exchange Ltd. (NGX) recorded a total turnover of 3.249 billion.

Money Market Rates Diverge Amidst Robust System Liquidity In the money market, the short-term benchmark interest rates moved in different…

SMDF, ORDF, Partner to Develop Mining Finance Framework The Solid Minerals Development Fund (SMDF) says it is partnering with the…

CBN Raises N1.2trn from OMO, Treasury Bills Auctions The Central Bank of Nigeria (CBN) raised N1.2 trillion from its open…

Rates Soar as Banks Borrow N1.8trn from CBN to Fund Operations The interbank rates soared in the money market as…

Fitch Affirms Ecobank Transnational Inc. at ‘B-‘ with Stable Outlook Fitch Ratings has affirmed Ecobank Transnational Incorporated’s (ETI) Long-Term Issuer…

Economic Uncertainties Temper Corporate Real Credit Growth With a struggling private sector, Nigeria’s macroeconomic dislocation has tempered real credit growth…

The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing.

Naira Appreciates Slightly as FX Liquidity Shortage Eased The naira exchange rate improved slightly in the forex market amidst rumour,…

It has been long since the equities market witnessed an impactful dividend surprise by a banking group until UBA Group played a fresh dividend payment card that put its rivals into checkmate.