Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Video: JP Morgan statement on $3.7billion is misleading
The Director of Monetary Policy at the Central Bank of Nigeria, Dr. Hassan Mahmud, has raised concerns about the numbers...
Read moreDetailsCBN to JP Morgan: Your $3.7 billion estimate of Nigeria’s FX reserve is misleading
The Central Bank of Nigeria (CBN) has criticized JP Morgan's recent estimate of Nigeria's foreign exchange reserves, calling it a...
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BDCs hint forex market will begin to see, capture diaspora remittances
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank...
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Nigeria’s treasury bills rate jumps to 13.9%
In the latest auction on August 23rd, 2023, investors tabled a bid of N1.5 trillion for one-year (364-day) treasury bills...
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FBI alerts crypto firms over hackers’ plot to cash out $40 million
The U.S. Federal Bureau of Investigation (FBI) said it has uncovered plans by hackers to cash out over $40 million...
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Naira resumes slide at P2P market once again, trades as low as N910/$
In the P2P market, the Naira fell as low as N910 against the dollar on Wednesday morning before moderating to...
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Bullish surge boosts Market Capitalization by N157 billion
The Nigerian Stock Exchange (NSE) maintained its upward trajectory, building on last week's momentum.
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UBA delays publishing of HY audited financial results
The board of United Bank for Africa (UBA) Plc has announced a delay in the release of its Half-Year financial...
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Honeywell Board raises concerns over Management Account in recent meeting
The Board of Directors at Honeywell Flour Mills Plc. convened on Wednesday, 16th August 2023, in Lagos to deliberate on...
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Exchange rate falls to N900/$1 as operators ask ‘where is the dollar’
The exchange rate between the naira and the dollar plummeted to N900/$1 on the black market, based on quotes received...
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