Month: December 2024

Ghana Gets Access to $360m IMF Loan after Review Ghana has obtained access to an additional $360 million loan from the International Monetary Fund (IMF) following the completion of the…

Interbank Rates Dip as FAAC, Remita Inflows Boost Liquidity In the money market, the short-term benchmark interest rates dipped significantly on the back of additional inflows, which boosted liquidity balance…

Naira Plunges Ahead of Banks Transition to BMatch FX Platform Deposit Money Banks would be moved to conduct FX trading on Bloomberg BMatch system December 2, 2024 after the naira…

Liquidity: Banks Borrow N3.6Trn from CBN at Higher SLF Rate Deposit money banks (DMBs) raised N3.6 trillion to fund their operations from the Central Bank of Nigeria’s (CBN) Standing Lending…

Foreign Investors’ Appetite for Nigeria’s OMO Bills Increase Due to better rate, foreign portfolio investors (FPIs) brought significant amount of hard currency to Nigeria’s OMO auction in November, amidst plan…

Unilever Nigeria Sheds 10% as Investors Sell Down Consumer Stock Fast moving consumer goods company, Unilever Nigeria Plc, lost 10% of its market value due to selloffs, details from trading…

Haldane McCall Sees 22% Increase in Valuation Haldane McCall Plc (Ticker: HMCALL) saw a price uptick of 21.6% in the equities market despite bearish outing on the Nigerian Exchange platform.…

Sunu Assurances Tops Performers, Gains 23% Sunu Assurances Nigeria Plc topped performers on the Nigerian Exchange (NGX) as investors sentiment improved. The Assurances company bucked trend in the equities market,…

CBN Launches New Website The Central Bank of Nigeria (CBN) has launched its newly redesigned website, www.cbn.gov.ng, scheduled to go live on Dec. 2. Acting Director, Corporate Communications, CBN, Mrs…

Nigerian Exchange Loses N185bn as Investors Take Profits The Nigerian Exchange (NGX) equities market capitalisation declined by N185 billion as sell-side traders took profit on stocks. The market closed bearish…