CBN Resumes Forex Sale to BDC Operators after Three-Year Hiatus

In a significant move, the Central Bank of Nigeria (CBN) has announced the resumption of foreign exchange sales to Bureau De Change (BDC) operators...

Central Bank Raises Interest Rate to 22.75%

The Central Bank of Nigeria's Monetary Policy Committee has announced a significant increase in the benchmark interest rate, raising it by 400 basis points...

News Interest For Nigerian T-Bills Drags Yield To 16%

Even though the banking sector was experiencing a shortage of liquidity, the market saw a spike in demand for Nigerian Treasury Bills at the...

NGX Equity Market Losses N51bn

On Monday, the Nigerian Exchange Ltd.'s (NGX) market capitalization decreased by N51 billion.In particular, the market capitalization decreased by 0.09 percent from its opening...

Naira Recovers Value After Fedral Government’s Combative Measures

Following aggressive actions against foreign currency whales that adversely affected the value of the local currency, pressure on the Nigerian naira decreased. The Naira...

Foreign Investment Inflow to Capital Market Drops to N16 Billion

In January, foreign investment in the Nigerian Exchange experienced a decline of approximately 9.73%, amounting to N15.78 billion compared to N17.48 billion recorded in...

Operator Urges Tinubu to Consider Banning Dollar Cash Transactions to Stabilize Naira

Lai Omotola, the Group Managing Director of CFL Group, has called on President Bola Tinubu to consider implementing an executive order prohibiting dollar cash...

FGN Bond Yield Peaks At 16.8% After Under Booked Auction

Following selloffs of bonds due in March 2025, the average yield on the Federal Government of Nigeria (FGN) has increased by 22 basis points...

Geregu Power Increases Shareholders’ Wealth 8X

Few listed stocks have had a big rise in market valuation in 2024. As one of the fortunate few, Geregu Power Plc now has...

Equity Market Records N2 Trillion Loss Amidst Higher Bond Yields

The Nigerian stock market witnessed another week of negative trading, with investors losing a total of N1.99 trillion. The All-Share Index and market capitalization both...

Forex Scarcity Threatens Operations of Modular Refineries

Modular refineries in Nigeria are currently facing a significant challenge as they struggle to access foreign exchange for the purchase of crude oil, a...

Short Liquidity Moves Short-term Interest Rates Up

A new dimension of liquidity concerns in the money market caused a sharp jolt in short-term interest rates. To increase their financing profile, deposit...

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