Naira Steadies as Volume of US Dollar Traded Dips
Naira Steadies as Volume of US Dollar Traded Dips The naira rate was little changed on Friday in the official market as demand for US dollar was met with adequate…
Sagging young man asked to present himself over video of him abusing the Naira
The sagging young man in the video that went viral days ago, has been asked to present himself to security operatives as the police moves to identify policeman he took…
Sell Pressure Pushed Nigerian Bonds Yield to 18.83%
Sell Pressure Pushed Nigerian Bonds Yield to 18.83% Benchmark yield on Nigerian government bonds climbed to 18.83% as fixed interest securities investors offloaded naira assets in the secondary market. Buying…
Nigerian Treasury Bills Yield Dips to 21.8%
Nigerian Treasury Bills Yield Dips to 21.8% The average yield on Nigerian Treasury bills dipped by seven basis points on Wednesday in the secondary market to 21.8%, traders said in…
Naira Depreciates to N1483 after FX Turnover Plunged by 29%
Naira Depreciates to N1483 after FX Turnover Plunged by 29% The Nigerian local currency, the naira, extended losses on Wednesday as demand for US dollar eclipsed the supply side following…
Naira Dips by 221.34% in 12-Month, Fluctuation Fuels inflation
Naira Dips by 221.34% in 12-Month, Fluctuation Fuels inflation The depreciation of the Nigerian naira fueled inflation surge in the country, though analysts are expecting moderation in consumer price index…
Naira Trades in Red Ahead of World Bank Disbursement
Naira Trades in Red Ahead of World Bank Disbursement The naira ended the week in red against the dominant US dollar in the foreign exchange market as demand and supply…
Ecobank, Oando Drive Midday Gain in Nigerian Exchange
Ecobank, Oando Drive Midday Gain in Nigerian Exchange Nigerian Exchange Equities investors are currently taking positions in Ecobank, Oando and AIICO stocks, thus, shifting key metrics into green zone after…
Nigerian US Dollar Bonds Yield Dips as FPIs Appetite Improves
Nigerian US Dollar Bonds Yield Dips as FPIs Appetite Improve The average yield on Nigerian sovereign Eurobonds or the US dollar bonds dipped slightly in the international debt market as…
Naira Rises as Nigeria Receives Foreign Currency Loan
Naira Rises as Nigeria Receives Foreign Currency Loan The Nigerian naira rose against the US dollar slightly in the foreign exchange market as FX liquidity pressure reduced. Eligible FX demand…
Fuel Subsidy Removal: ‘People Should Stop Shouting’ – Akume Tells Nigerians
The Secretary to the Government of the Federation (SGF), Senator George Akume, on Thursday said Nigerians should stop shouting about the fuel subsidy removal policy of President Bola Tinubu. According…
Naira Depreciates to N1467.95, Lost 6.4% in May
Naira Depreciates to N1467.95, Lost 6.4% in May The naira depreciated further on Tuesday over persistent US dollar demand surge by eligible participants at the Nigerian autonomous foreign exchange market.…
Unity Bank Fraud: An Unfolding Story Of Nigerian Corporate Malfeasance – 6 Months Later
A former bank chairman has figured out the art of never running out of money to waste. Other people’s money. DAVID HUNDEYIN DEC 02, 2023 60 9 Share Thomas Akoh…
Nigerian Exchange Climbs by N995bn over 5-Day Rallies
Nigerian Exchange Climbs by N995bn over 5-Day Rallies The Nigerian Exchange rose as equity investors gained approximately N995 billion in five trading sessions. Despite the higher yield on fixed interest…