Saturday, September 23, 2023
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Naira Value Increases As Importers FX Demand Moderates

BUSINESS & ECONOMY
Nigeria's naira increased moderately, this stopped the three days of depreciation against the dominant currency, the US dollar, at the official market as demand...

Nigerian T-Bills Rate Surges To 13.97%

BUSINESS & ECONOMY
In spite of a large increase in subscription levels at the primary market auction sales held by the monetary authority on Wednesday, the spot...

Naira Drops for 3-Day over Rising FX Demand

BANKING & FINANCE
The Nigerian naira has been losing purchasing power for three days in a row due to the country's current foreign exchange crisis. Midway through...

T-Bills Yield Drops To 8.28% Ahead Of CBN Auction

BUSINESS & ECONOMY
The selling rallies ahead of the Central Bank of Nigeria's (CBN) midweek auction to refinance maturing bills worth more than N303 billion were reversed...

FX Gap Peaks At N130 As Naira Falls Across Markets

BUSINESS & ECONOMY
The possibility for speculative trading operations has increased as the difference between the exchange rate in the Investors' and Exporters' Foreign Exchange Window and...

Nigerian T-Bills Falls To 8.4% Ahead Of Midweek Auction

BANKING & FINANCE
Prior to the main market auction set for Wednesday by the Central Bank of Nigeria (CBN), the average yield on Nigerian Treasury Bills (NTB)...

Naira Falls Due To Doubt Over FX Reserves Balance

BUSINESS & ECONOMY
Following the revelation that the overall balance in the foreign reserves may have been over-rated, the value of the Nigerian naira declined on Monday....

Treasury Bills Return Decreases Amidst Liquidity

BUSINESS & ECONOMY
Following a Tuesday purchasing spike in the secondary market, the average yield on Nigerian Treasury notes decreased in response to the country's increasing inflation...

Naira Falls As FX Market Condition Declines

BUSINESS & ECONOMY
Nigeria's currency, the naira, continues to lose value as pressure on the foreign exchange (Forex) market results from a persistent shortage of US dollars...

Oil Prices Fall As US Dollar Drags Oil Demand

CAPITAL MARKET
The domestic market for crude oil saw a negative reaction to a decrease in demand that was ascribed to stronger US currency and ongoing...

FX: CBN Announces New Measures To Stabilize Naira

BUSINESS & ECONOMY
The Central Bank of Nigeria (CBN) has announced fresh measures to stabilize the naira against the dollar. On Monday, Folasodun Sonubi, acting governor of the...

Foreign Investors Sell FGN Eurobond As Sentiment Drops

BUSINESS & ECONOMY
In the midst of uncertainty, selloffs affected the Federal Government of Nigeria (FGN) Eurobonds on the global capital market. It was noticed that some...
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