Commercial banks borrow N4.4tr from CBN in 3 months
34 per cent of commercial loans held by public sector Deposit money banks (DMBs) accessed an accumulated value of N4.4 trillion from the Central Bank […]
Capital Market
Nigeria risks financial ‘blockade’, frosty relations with funders
World Bank calls for sovereign debt changes ahead of looming recession Cold attitude to reforms harming domestic investment outlook, experts say ‘Challenge western countries but […]
Dollar hits N615, local raw materials sourcing declines to 52%
The pressure on the foreign exchange market continued on Tuesday, with the dollar exchanging at N615 at the parallel market in Lagos and Abuja. This […]
Investors lose N146bn on NGX
Investors net worth on the Nigerian Exchange Ltd dropped further by N146 billion on Friday due to losses posted by some major blue chips. Specifically, […]
Investors risk losing 2020 dividends
as operators grapple with COVID-19 fallouts Unilever, Cadbury, Meyer, others suffer loss amid weak spending Stop trend to avert job loss, social unrest, experts tell […]
Banks recorded ₦1.5tr non-performing loans in 2018
Analyst links incidence to macroeconomic headwinds Following the adoption of IFRS 9, about 10.9 per cent of the loan book in the banking industry, representing […]
Naira exchanges at N359.4 to dollar at parallel market
The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N465 […]
CBN injects $210m into foreign exchange market
The Central Bank of Nigeria (CBN) has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank […]
Poll shift hits exchange rate, stock market loses N196 billion
The financial services sector yesterday reacted negatively to the uncertainty in the nation’s political environment as investors priced in the risks of election postponement on […]
Unilever, Dangote Cement, others trigger stock market rebound
Renewed bargain-hunting on some blue-chip companies, especially Unilever and Dangote cement, aided transactions on the Nigerian Stock Exchange (NSE), causing market capitalisation to increase by […]