Money Market News
CBN Issues New Guidelines for Recovery of Funds from Dormant Accounts
The Central Bank of Nigeria (CBN) has introduced new regulations to facilitate the recovery of funds from dormant accounts. These...
Read moreNaira Fluctuates Against Pound and Euro, Falls to N1,596 Against US Dollar
The Nigerian currency, the naira, experienced mixed performance against various foreign currencies in the parallel and official markets recently. On...
Read moreMake Nigeria Better By Ayo Akinfe. Today’s Focus: Ogun State
Ogun is one state in Nigeria that is capitalizing on its strategic location. Currently, about 90% of the foreign direct...
Read moreNigerian Banks Reap Significant FX Gains Amidst Naira Devaluation
Nigeria’s leading commercial banks have reported substantial foreign exchange (FX) revaluation gains, amassing a combined total of N3.37 trillion in...
Read moreNGX Suspends Eight Companies for Non-Compliance with Financial Reporting Rule
The Nigerian Exchange Limited (NGX) has suspended trading for eight companies due to their failure to submit their audited 2023...
Read moreCBN’s Forex Sales Fail to Stabilize Naira Despite Increased Dollar Supply
Despite the Central Bank of Nigeria's (CBN) efforts to stabilize the naira by injecting $122.67 million into the foreign exchange...
Read moreTop Nigerian Stockbroking Firms Earn N19.209 Billion in Commissions in H1 2024
In a remarkable display of growth, the leading ten stockbroking firms in Nigeria amassed N19.209 billion in commissions during the...
Read moreNigerian Equity Market Starts the Week with N8bn Loss
The Nigerian Exchange began the week on a bearish note, recording a loss of N8.62 billion on Monday. This decline...
Read more-
CBN Reports 83% Decline in Foreign Education Forex Allocation
-
Dangote Invited to Invest in Gabon Amid Monopoly Accusations
-
Lessons from Ghana’s Redenomination: The Nigerian Naira Conundrum
-
Presidency Denies Allegations of Budget Padding – Northern Senator Forum
-
Nigeria’s Money Supply Nears N100 Trillion in May 2024 Despite MPC Tightening Efforts