Economy & Market
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277FX Platform: CBN Sets $100,000 Minimum Trade for Banks
The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating...
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264CBN Hikes Interest Rate to 27.50% in Fierce Inflation Fight
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its 298th meeting in Abuja on Tuesday with...
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286No Investor will Lose Funds to Fintech –SEC
The Securities and Exchange Commission (SEC) has assured investors of the safety of their investments as financial technology (Fintech) continues to reshape...
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277MPC Wraps Up Year with 25bps Hike in MPR
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the MPR again, albeit moderately, by 25bps to 27.50%...
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274Modest Gain on the Bourse
EQUITIES The Nigerian equities market traded with mixed sentiments in today’s session as buying interest in WAPCO (+9.2%) and ZENITHBANK (+0.9%) offset...
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229CBN Extends BDCs’ Recap Deadline by Six Months
The Central Bank of Nigeria (CBN) will be extending the recapitalisation deadline for Bureau De Change (BDC) operators from December 3, 2024 to June...
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241Dollar Gains, Stocks Drop on Trump Tariff Threat
The dollar rallied and Asian shares dropped after President-elect Donald Trump said the US will impose additional tariffs on China, Mexico and...
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213BVN Enrollment Hits 64m –NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that the number of Banks Verification Number (BVN) enrollments is currently standing at 64.009 million....
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348Banks, Others Raise Over ₦2.7tr –SEC
The Securities and Exchange Commission (SEC) has announced that over N2.7 trillion has been raised in Nigeria’s capital market by banks and other companies,...
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236Stock Market Starts Week Bearish as ASI Down 0.2%
EQUITIES The domestic bourse kicked off the week with bearish sentiments, as profit-taking activities in GTCO (-3.4%) and ZENITH (-2.7%) drove the...
