Category: mallams

Naira Falls to N1,486 as FX Crisis Deepens Nigeria’s foreign exchange crisis has gotten so bad that even the monetary authority’s currency injections have not been able to reverse the…

Access Bank Controls 17% of Nigerian Banking Assets –Fitch Access Bank controls 17% of Nigerian banking assets in 2023, details from latest ratings note by Fitch showed. In its latest…

Food Crisis: Naira Purchasing Power Sinks as Prices Skyrocket Market prices of everything, including pepper, oil and onions have surged due to food supply crisis in Nigeria. People can barely…

Naira Disappoints, Loses 11.7% Despite FX Market Intervention The Nigerian naira ended today downbeat, losing about 12% day on day despite forex market intervention. Despite FX sales to local banks,…

Naira Crashes by 13.3% as FX Reserves Record Second Outflow The naira, Nigerian local currency, crashed by about 13.3% day on day in the foreign exchange (FX) market on the…

Nigerian Exchange Spikes by N246bn as Tier-1 Banks Rally The Nigerian Exchange (NGX) equities market capitalisation surged by N246 billion midweek as Tier-1 banks rally further. Transaction details from the…

Naira Steadies at Official Window, Parallel Market Gains The Nigerian naira exchange rate steadied at N1339 per US dollar in the foreign exchange market on Tuesday, according to data from…

Senate Committee Seeks Regulation on Crypto Trading The Senate Committee on Capital Markets , on Monday, called for the regulation of cryptocurrency to ensure some level of accountability and protection…

Naira Sees Large Daily Gain as FX Pressure Eases The Nigerian naira saw a large daily gain in the official window as foreign currency liquidity challenge eased. According to data…