The Daily official list of the Nigerian Stock Exchange (NSE) swelled on Wednesday with the listing of the N2.067 billion, series one, FGN Savings Bond with maturing period of 2019. Read More…

The Federal Government will begin payment of $5.1 billion joint venture cash calls to International Oil Companies (IoCs) from next month (April), the Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed. Read More…

The rise in the issuance of bonds and other debts instruments by governments and corporate organisations has taken a heavy toll on the fortunes of the equities sector. Market investors may have lost about N2.3trillion in recent years. Read More…

The Minister of Finance, Mrs. Kemi Adeosun, yesterday asked for the reduction of the powers of the governor of the Central Bank of Nigeria (CBN). Read More…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained its key benchmark interest rate at 14%, alongside other parameters. Read More…

The naira appreciated at the parallel market yesterday, gaining N5 at N445 to a dollar from N450 it exchanged last Friday. Read More…

Unless the Central Bank of Nigeria (CBN) is consistent in making foreign exchange (forex) available for manufacturers to import raw materials that are yet to have local alternatives, foreign investors with access to cheaper funds may acquire controlling stakes in these local firms. Read More…

Nigerian inflation slowed for the first time in 15 months to 17.78 percent in February, driven by lower energy and utility prices, the National Bureau of Statistics (NBS) said Tuesday. Read More…

Mr Ayo Teriba, Chief Executive Officer, Economic Associates, says he is optimistic that the Central Bank of Nigeria (CBN) will be able to sustain its intervention on the foreign exchange (Forex) market. Read More…

The naira traded at 455 to a dollar amid liquidity boost in the Bureau De Change and parallel market segments of the forex market on Friday. Read More…

A market-driven exchange rate regime is in the works, going by the Federal Government’s economic plan released yesterday. Read More…

On February 14, 2017, the Accountant-General of the Federation (AGF), Ahmed Idris, broke the news that the Federal Government had raked in about N5.244 trillion into the Treasury Single Account (TSA) since it flagged off the scheme about a year ago. Read More…

A financial analyst, Mr Emmanuel Eze, on Thursday advised the Central Bank of Nigeria (CBN) to reduce the current interest rate to further strengthen the naira. Read More…

The Nigerian economy contracted by 1.5 per cent in 2016, the first full-year contraction since 1991, and slightly beat the forecast by the International Monetary Fund (IMF), which initially predicted a contraction in the country’s Gross Domestic Product (GDP) by 1.8 per cent, but later revised it to 1.7 per cent. Read More…

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The naira continued on its four-day winning streak against the U.S. dollar on the parallel market yesterday to close at N480/$, stronger than the N501 to the dollar from the previous day, as the new foreign exchange policy actions introduced by the Central Bank of Nigeria (CBN) forced more currency speculators to sell off the greenback as sell rates fell as low as N460/$. Read More…

Nigerians who deposit or withdraw N500,000 and above will now pay between 1.5 per cent and 7.5 per cent charges, according to a new banking policy. Read More…

The Nigerian government has expressed its readiness to become the first country in Africa to float sovereign green bonds. Read More…