In the secondary market, the average yield on Nigerian Treasury bills increased significantly due to strong selloffs in government borrowing instruments. Selloffs could persist as wealth, fund managers weighed the …
GOLD pushed back above the US$2,000 mark early on Friday as the dollar and yields plunged after the United States added fewer than expected new jobs last month. According to …
Nigeria recorded a total foreign exchange inflow of $72.4 billion in 2022, marking a 23.3% decline compared to the $94.3 billion recorded in 2021, according to the medium-term expenditure framework …
NIGERIA’s biggest lender by total assets, Access Holdings Plc, delivered an impressive earnings performance in the third quarter of financial year 2023 showing about 83% year-on-year growth in profitability. Its …
Nigeria expects a $10 billion FX inflow in the next few weeks to ease liquidity in a foreign exchange market that has cramped growth in Africa’s biggest economy, finance minister …
Equities investors in the Nigerian Exchange (NGX) recorded steep gains in four out of five trading sessions as Nigeria reversed a decision to ban 43 items from obtaining dollar sales …
The International Monetary Fund (IMF) says it is playing an active role in mediating the debt debacle facing some countries. The Managing Director of IMF, Kristalina Georgieva, said this during …
THE Debt Management Office (DMO) says its N150 billion Sovereign Sukuk received a subscription of N652.827 billion. The Director-General of the DMO, Patience Oniha, made this known in Marrakech. According …
IBTC earnings has been estimated to rise to about N125.5 billion in the financial year 2023. The financial services group has seen its market valuation accelerate above N1 trillion mark …
After failing to achieve $900 billion gross domestic product (GDP) vision 20:2020 target, Nigeria has said the country will increase the economic balance sheet to $1 trillion in the next …