Naira falls big to N740/$1 on black market
The exchange rate has maintained a downward trend, following the move by the apex bank to raise the interest rate ...
Tag: CBN
CBN’s foreign reserves decline by $2.2 billion (YTD)
The Nigerian economy is suffering from a lack of foreign exchange as currency traders continue to complain about limited forex ...
Nigerian stocks drop by 1.63% in September, first time since 2019
Equities market has sustained a bearish profile for four consecutive months since June this year.
How Nigerian stock market reacted to CBN interest rate hikes in 2022
With the hike in interest rates, the equities market will continue to be bearish, while yield will continue to rise ...
SEC exposes new rule on Shariah advisory services
The Securities and Exchange Commission has exposed new rules on Shariah Advisory Services for non-interest capital market products and services. ...
Five tier 1 banks lose N58 billion two days after CBN interest rate hike
As the build-up to 2023 elections intensifies, volatility in the economy is taking a toll on stocks.
Why CBN’s 15.5% interest rate hike will not save the Naira
The CBN needs to change course if it wants to save the Naira.
FG, not CBN, has the magic bullet to tame Nigeria’s high inflation
The CBN recently increased its benchmark interest rate more than most analysts had anticipated, pushing it above 14% for the ...
CBN’s September 2022 treasury bills rate jumps to 12% after MPR hiked
Nigeria’s Central Bank one-year treasury Bills rate for the month of September 2022 rose to 12%
Bank customers to earn more as CBN increases interest on savings deposits to 4.65%
An increase in the interest rate on a savings deposit is typically expected to increase savings and serve as a ...
