Browsing: Nigeria

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.

President Bola Tinubu has assured Nigerians that the Federal Government would reverse the worrisome trend in the economy.

Nigeria’s inflation rate ran to 27.33% in October 2023, the statistics office said in its monthly consumer price index report. Again, the increased consumer pressure was driven by a surge in food inflation.

The Nigerian naira struggled to keep value across the foreign exchange markets on Tuesday amidst a steep…

The equities segment of the Nigerian Exchange (NGX) rebounded with about N146 billion gain ….