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Analysts Anticipate Further Interest Rate Tightening At MPC Meeting
Analysts have anticipated further tightening of the Monetary Policy Rate (MPR) or interest rate hike by the members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its meeting which will be held Monday to…
Naira Appreciates 2.63%, Close At N1,453.28/Dollar
Naira on Thursday at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window appreciated by 2.63 percent to close at N1,453.28 against the dollar.
The local currency at the official rate traded at N1,598.00 and N1,300.00 high and…
Naira Appreciates 1.88% To N1,572.68/$ At Official Market
The Naira strengthened by 1.88 percent at the official market, to close at N1,572.68 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
In the Fixed income space, the Treasury Bills secondary market closed…
Dangote Upholds Consumer’s Rights, Lauds Lagos Govt. On Advocacy
The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Fatima Aliko Dangote has said consumers have the right to accurate, transparent, and easily understandable information about products and services, …
Equities Market Gains 3.71% WoW As Investors Anticipate Dividend Payout
The domestic equities market closed the week on a positive note as investors positioned in dividend-paying stocks on the Nigerian Exchange Limited (NGX).
Notably, the NGX All-Share Index rose by 3.71 percent week-on-week (W-O-W) to close…
JPMorgan, Others To Advise Nigeria On Eurobond
Nigeria has retained global investment banks, including Citibank, JPMorgan Chase & Co and Goldman Sachs to guide its forthcoming Eurobond issuance.
This development, according to Bloomberg and informed by sources close to the…
Binance Says Nigeria Not Yet One Of Its Top Markets, Hopes To Continue To Invest
Biggest cryptocurrency exchange, Binance, has said the Nigerian market was yet to become one of its top markets, even though it holds ‘extraordinary potential.’
Binance stated this in a statement released on Thursday, though it noted…
Naira’s Value Jumps 0.90% To N1603.38/$
At the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, the Naira appreciated by 0.90 per cent to close at N1,603.38 against the dollar.
The local currency at the FMDQ Exchange market traded high and low at N1,632 and…
Transcorp Power, 25 Others Drive Equities Market By N421bn
The Nigerian equities market on Thursday continued its positive streak by N421 billion gain on share price appreciations in Transcorp Power Plc and 25 others.
The Nigerian Exchange Limited All-Share Index (NGX ASI) rose BY 743.66 basis…
Banks Borrow N8.71trn In Two Months As CBN Mops Up Liquidity
Amid severe macroeconomy challenges and mopping up of liquidity by the Central Bank of Nigeria (CBN), Nigerian banks have borrowed a sum of N8.71 trillion from the apex bank between January and February 2024.
The N8.71 trillion borrowed by…