Naira Sinks, Data Shows CBN Foreign Payments Jump by 11%
Naira Sinks, Data Shows CBN Foreign Payments Jump by 11% The naira dropped week on week in the foreign exchange market on various contending market dynamics. The battel for the…
Read moreMoney Market Rates Surge on Deficit Liquidity in Banking System
Money Market Rates Surge on Deficit Liquidity in Banking System Money market rates were tightened due to a negative liquidity balance in the banking system. The market had opened on…
Read moreConoil Hits New 52-Week High after Financials Error Correction
Conoil Hits New 52-Week High after Financials Error Correction Conoil Plc turned to money making machine for its shareholders due to a strong price uptick of 37% week on week…
Read moreEUNISELL Tops Performers with 46% Price Uptick
EUNISELL Tops Performers with 46% Price Uptick Eunisell Interlinked Plc recorded significant price surge of about 46% week on week in the equities segment of the Nigerian Exchange (NGX), hitting…
Read moreCBN Raises N2.07 Trillion via Treasury, OMO Bills Auctions
CBN Raises N2.07 Trillion via Treasury, OMO Bills Auctions The Central Bank of Nigeria (CBN) raised more than N2.07 trillion from the financial markets via Treasury, and OMO bills sales,…
Read moreHelicopter Crash- NIMASA to Share Information with IMO
Helicopter Crash- NIMASA to Share Information with IMO The Nigerian Maritime Administration and Safety Agency (NIMASA) has pledged to share its findings on the recent helicopter crash into the Atlantic…
Read moreUnstable FX Rate, High Food Costs to Keep Inflation Uptrend
Unstable FX Rate, High Food Costs to Keep Inflation Uptrend Nigeria’s inflation rate has been projected to rise further due to negative impact high logistics costs and exchange rate pressures…
Read moreCBN Spends $383m to Defend Naira, 30% Below Sept. FX Sales
CBN Spends $383m to Defend Naira, 30% Below Sept. FX Sales CBN ACTION: The amount of US dollar sold to authorised dealer banks via foreign exchange market auctions fell by…
Read moreAlgeria Unveils Six Onshore Blocks to Upstream Investors
Algeria Unveils Six Onshore Blocks to Upstream Investors Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) presented six onshore conventional licensing opportunities at African Energy Week: Invest in…
Read moreFitch Keeps Oyo Credit Rating at ‘B-‘, Outlook Positive
Fitch Keeps Oyo Credit Rating at ‘B-‘, Outlook Positive Fitch Ratings has affirmed Oyo State’s creditworthiness or Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a positive outlook. In its…
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