Equity Investors Gain N221 Billion as NGX Index Rebounds Equity investors gained approximately ₦221 billion as the Nigerian Exchange (NGX) rebounded from the previous day’s sell-offs in some mid- and…
Quest Merchant Bank Meets CBN’s N50bn Minimum Capital Base Quest Merchant Bank Limited has successfully fulfilled the ₦50 billion minimum capital requirement mandated by the Central Bank of Nigeria (CBN)…
CBN Hikes Rate on 364-Day Treasury Bill to 16.73% The Central Bank of Nigeria (CBN) hiked the discount rate on Nigerian Treasury bills with 364-day maturity by 83 basis points…
Stock Market Lost N102bn as Investors Dump Dangote, Jaiz Bank Selloffs in Dangote Sugar Refinery, Jaiz Bank, and other decliners dragged the Nigerian Exchange (NGX) market capitalisation down by about…
Tinubu Suspends Cashless Payment at Federal Airports President Bola Tinubu has directed the suspension of the newly introduced cashless payment system at airports over traffic gridlock experienced by travellers across…
Nigeria’s Central Bank Boosts Gold Holdings to $3.5 Billion The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good…
Naira Extends Losses, Official Rate Weakens to N1,387 Naira fell against the US dollar for the 11th consecutive trading session on Wednesday, reflecting a lack of adequate foreign currency liquidity…
NGX Index Moderates as Investors Exit Positions The Nigerian Exchange (NGX) ended its recent positive streak on Wednesday, with the All-Share Index (ASI) declining 0.08% to 196,463.22 points, bringing the…
Euro Rises as Markets Price ECB Rate Cut The euro rose modestly to $1.165, partially recovering from early-week losses, as the dollar softened amidst the escalating Middle East crisis. The…
British Pound Climbs Amidst Downgraded UK Growth Forecast The British pound or sterling has risen to $1.3380, effectively recovering from early-week losses that brought it close to three-month lows amidst…