Economy & Market
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300CBN Maintains 5% Ways and Means Advances to Govt
The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the Federal Government at a...
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192Nigeria’s, Other Consumer Markets to Hit $2.5tr
The Minister, Industry Trade and Investment Doris Uzoka Anite yesterday disclosed that Africa is the fastest growing consumer market globally, with over...
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174Yen Rises, Stocks Are Mixed as Fed Decision Nears
The yen strengthened, recouping much of Tuesday’s losses, amid a largely directionless Asian session as traders debated the size of a potential...
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151CBN Pegs BDC Forex Sales at $5,000
The Central Bank of Nigeria has limited bureau de change operators’ single foreign exchange cash sales to $5,000. According to the apex...
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194Bullish Start to New Trading Week
EQUITIES Trading in the domestic equities market carried on last week’s bullish performance, as interest in GEREGU (+5.0%) and FBNH (+10.0%) drove...
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234Inflation Drops to 32% Despite Petrol Price Hike –NBS
Nigeria’s headline inflation rate decreased to 32.15 per cent in August 2024 despite the recent hikes in the pump prices of petrol...
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291Banks Borrowed ₦3tr from CBN in One Week –Report
Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according...
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279Economic and Market Report: Week Ended 13-09-2024
Global Economy According to the Bureau of Labor Statistics (BLS), headline inflation in the United States slowed by 40bps to 2.5% y/y...
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246Exchange Ends Week on Positive Note
Ending the week on a positive note, the All-Share index gained 106bps week-on-week as rally in MTNN (+7.37% w/w), OANDO (+9.40% w/w)...
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342PSPs to Route PoS Transactions Through NIBSS, UPSL within 30 days –CBN
The Central Bank of Nigeria (CBN) has mandated that all point of sale (POS) transactions must be routed through its licensed Payment...
