FX Spread Widens after Banks Cut Debit Card Spending
FX Spread Widens after Banks Cut Debit Card Spending Foreign Exchange spreads – the difference between official and parallel market rates – widen this week after deposit money banks told…
Unity Bank, NASME to Empower Women Owned MSMEs
Unity Bank, NASME to Empower Women Owned MSMEs Unity Bank Plc is collaborating with the Nigerian Association of Small and Medium Enterprises (NASME) in a partnership, with the aim of…
FBNQuest Taps Commercial Paper Market, Registers N100bn
FBNQuest Taps Commercial Paper Market, Registers N100bn FBNQuest Merchant Bank taps the commercial paper market as the company registers a N100 billion programme on the FMDQ Exchange platform, according to…
FGN Eurobond, T-Bills Yields Crashing, Naira Steadies
FGN Eurobond, T-Bills Yields Crashing, Naira Steadies The rising headline inflation rate continues to pepper the quality Naira assets further as the average yields on fixed interest rate instruments crash,…
Barging Hunting in Value Stocks Boosts Nigerian Bourse
Barging Hunting in Value Stocks Boosts Nigerian Bourse Buying interest in some value stocks lifted the Nigerian Exchange (NGX) upward by about N13 billion after a two day losing streak…
U.S Fed Hikes Interest Rates 0.25%
U.S Fed Hikes Interest Rates 0.25% The United States (U.S) Federal Reserve (Fed) on Wednesday raised its benchmark lending rate for the first time since 2018, citing continued inflation pressures…
Dollar Falls Ahead of Fed Rate Hike
Dollar Falls Ahead of Fed Rate Hike The US dollar was lower against its major trading partners early Wednesday, except for the Japanese yen, heading into the highly-anticipated March Federal…
LFZC Funding SPV Infrastructure Bonds Get AAA(NG)(IR)
LFZC Funding SPV Infrastructure Bonds Get AAA(NG)(IR) GCR Ratings has assigned a national scale long term indicative Issue rating of AAA(NG)(IR) to Lagos Free Zone Company (LFZC) Funding SPV Plc.’s…
Naira Trades at N416.50 as CBN Caps FX Spending Limit
Naira Trades at N416.50 as CBN Caps FX Spending Limit Naira appreciates 0.04 per cent to N416.50 on Friday at investors and exporters’ foreign exchange (FX) window as the Central…
FirstBank Rewards Customers N50m in Verve Card Campaign
FirstBank Rewards Customers N50m in Verve Card Campaign FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed…