Browsing: Nigeria

Global market prices of crude oil declined below $80 per barrel as inventories rose due to strong US oil production, ANZ Bank said in a Friday note.

The Federal Government has reaffirmed its support for the Inter-Governmental Action Group against Money Laundering

Pan-African banking group, Ecobank and the African Guarantee Fund (AGF), a specialized pan-African guarantee provider…

The International Monetary Fund (IMF) and Kenya have reached a staff-level agreement on economic policies following the sixth review of extended credit fund facilities’ arrangement to unlock more funds for the government.

Money market rates spiked as liquidity in the financial system dropped significantly amidst accelerating inflation conditions in Nigeria.

The naira rallied midweek as invisible hands put a touch on exchange rates across the markets. Both official and parallel market rates appreciated against the dominant US dollar in the Nigerian economy.

The Central Bank of Nigeria (CBN), has expressed optimism that its monetary policy initiatives are yielding the desired results.

Union Bank of Nigeria (UBN) has inched closer to becoming a private company …

The equities segment of the Nigerian Exchange (NGX) gained more than N93 billion on Wednesday amidst increased bargain hunting on stocks with strong fundamentals and liquidity.

The average yield on Nigerian government bonds climbed to 15.74% on Tuesday amidst high inflation rate expectations. The secondary market witnessed selloffs across tenors with investors showing particular interest in very long-dated borrowing instruments.