Browsing: Naira

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

Nigerian big banks market value settled at N4.4 trillion on Friday amidst sell pressure in the local exchange. The combined valuation of these Nigerian top lenders was a result of mixed share price movements in the last five trading sessions.

The Nigerian naira is projected to recalibrate in the foreign exchange market on expected decline in US demand for fuel imports payment in 2024.

The Federal Government (FG), through the Unlock Training Programme for unemployed youths, has given N500,000 each, to 120 persons to start their businesses.s

Premium Trust Bank Limited posted N9.334 billion as profit, according to its summary financial information for 18 months audited by Deloitte & Touche Chartered Accountants.

The naira ended the week in red against the dominant US dollar in the foreign exchange market as demand and supply continues to test effectiveness of Nigeria’s willing buyer, willing seller FX policy.

Treasury bills yield crashed by 48 basis points in May due to increase buying interest spurred by rates repricing in the primary market. The Central Bank of Nigeria (CBN) has made investment in Treasury bills lucrative for some individuals, corporates and especially deposit money banks.

The naira exchange rate skidded in the forex market following Fitch Ratings bearish estimate that the local currency would close the year at N1450 in Dec. 2024.

The average yield on Nigerian Treasury bills crashed to 21% in the secondary market on Tuesday following an increased position across the curve. The buying momentum was supported by a surge in liquidity levels following inflows from matured OMO bills in the market.