Finance & Economy

CBN admits forex supply issues creating exchange rate volatility

Acting CBN Governor Fola Shonubi admitted on Tuesday that supply-demand imbalances are fuelling current volatility in Nigeria’s exchange rates. In…

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CBN increases interest rate to 18.75% in first MPC session since Emefiele’s suspension

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate (MPR) by…

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Fidelity Bank reclassified as Medium Price Stock

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the…

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An Investor Now Requires CBN’s Prior Approval and a No Objection to Acquire 5% Equity Holding of a Bank/Holdco

Based on the new Central Bank of Nigeria (CBN) Corporate Governance Guidelines recently issued by the bank regulator, potential investor will…

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Investors Lose N97.58bn as NGXASI Declines by 0.29

As  Banking Index decreases by 14.32% to top losers of the week  The Nigerian Equities Market closed negatively as the…

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Oversubscription at NTB Auction Crashes Stop Rates

Despite rising negative real returns, the demand for Nigerian treasury bills has rocketed. The NTB auction held on July 12,…

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Nigerian stocks plummets, wipes off  N707 billion in a day

The Nigerian equities market continued the bearish trend as the value of listed stocks dropped by N707 billion at the…

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 Nigeria repays $500 million Eurobond on Due Date

Nigeria, Africa’s largest economy, has fulfilled its debt service obligations by redeeming a $500 million Eurobond on its scheduled due…

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