Month: July 2025

CBN Allots OMO Bills Worth N745bn to Investors at 23.99% The Central Bank of Nigeria (CBN) allotted OMO bills worth N745 billion to investors at the end of its latest…

Naira Strengthens after CBN Injects $96m into FX Market The naira strengthened against the US dollar as data showed the Central Bank of Nigeria (CBN) injected more than $96 million…

Nigerian Exchange Shrinks as Equities Investors Wealth Falls Equity market capitalisation declined due to an abundance of sell-side transactions on the Nigerian Exchange (NGX) platform. Stockbrokers processed substantial sell orders,…

FG to Construct 250 Units Housing Scheme in Calabar- Minister The Federal Government of Nigeria has announced plans to construct 250 housing units in Calabar, Cross River State, as part…

Algerian Economy Broadly Positive Despite High Fiscal Vulnerabilities The near-term prospects for the Algerian economy remain broadly positive despite global uncertainty, but fiscal vulnerabilities are high, the International Monetary Fund…

FRC Amendment Act 2023: FG Suspends Implementation The Federal Government of Nigeria has suspended the implementation of the Financial Reporting Council (FRC) Amendment Act 2023, following extensive consultations with major…

UBA, BUA Foods Drive Intraday Rally in Stock Market Buying interest in UBA, BUA Foods, Access Holdings are pushing the Nigerian Exchange (NGX) key performance indicators higher during intraday trading…

Weak US Dollar Boosts Oil Demand, Brent Price Climbs Near $67 A weak US dollar boosted demand for oil in the global commodity market on Monday, with Brent hovering at…

Offshore Investors Exit Drag Nigeria’s Balance of Payment in Q1 The Nigerian economy was impacted by a large-scale outflow of funds in the first quarter of the year, reflecting sharp…

Money Market Rates Fall on Excess Banking System Liquidity Money market rates were kept at comfortable levels over excess liquidity levels in the banking system in the absence of overbearing…