Naira Gains as IMF Asks CBN to Adopt Market Clearing FX Rate
Naira Gains as IMF Asks CBN to Adopt Market Clearing FX Rate Naira gains in the official foreign exchange window in the just concluded week as International Monetary Fund, IMF,…
Nigerian Economy Recovering from Historic Downturn –IMF
Nigerian Economy Recovering from Historic Downturn –IMF The Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance, the International…
ACCESS, ETI, GTCO, NB, and UBA Drive Midday Loss
ACCESS, ETI, GTCO, NB, and UBA Drive Midday Loss The equity market is currently trading on a bearish note following contractions in AIICO (-0.77%), NB (-0.95%), FCMB (-0.99%), ACCESS (-1.10%),…
Lawmakers Move to Punish AMCON Debtors over N4.4trn Debt
Lawmakers Move to Punish AMCON Debtors over N4.4trn Debt In a move to deal with recalcitrant obligors, the Nigerian lawmakers are now considering punitive measures against top debtors on the…
Stocks Edge Lower as Investors Maintain Selloffs
Stocks Edge Lower as Investors Maintain Selloffs Closed lower on Friday, the Nigerian stocks tumble as equity investors maintain selloffs for third consecutive trading sessions in the week. Consequent to…
Fixed Income Market Yields Steady after OMO Bills, Bond Auctions
Fixed Income Market Yields Steady after OMO Bills, Bond Auctions Fixed income market yields closed steady on Friday as the average yield on open market operations (OMO) bills ended flattish…
Lagos State N125bn Bonds Issuance Gets Indicative Rating
Lagos State N125bn Bonds Issuance Gets Indicative Rating GCR Ratings has accorded an indicative long term credit rating of A+ (NG) (IR) to Lagos State Government’s proposed N125 billion Series…
IMF Tasks Nigeria on FX Reform, Wants CBN Act Modernise
IMF Tasks Nigeria on FX Reform, Wants CBN Act Modernise The International Monetary Fund (IMF) has tasked the Central Bank of Nigeria (CBN) with the adoption of a market-clearing foreign…
Africa Watch: Eyes into Malawian Economy, Foreign Exchange Market
Africa Watch: Eyes into Malawian Economy, Foreign Exchange Market The Malawian Kwacha continues to perform strongly against currencies of major trading partners given the lean season, sheds less than 7%…
FBNH: LeadWay Not in Breach of Investment Regulation – PenCom
FBNH: LeadWay Not in Breach of Investment Regulation – PenCom The National Pension Commission (PenCom) says that Leadway Pensure Ltd. is not in breach of the Investment Regulation by investing…