On the Money – Nairametrics

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

CBN waives guarantor requirement for N50 billion COVID-19 loan applications

Applicants to the N50 billion credit facility, who have successfully completed the application processes and submitted their account details, should expect credit alerts 48 hours afterwards.

Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited

Companies2 months ago

CBN debits banks another N459.7 billion for failure to meet CRR target

Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue various profitable ventures.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Markets2 months ago

Naira gains N68 against $1 at 12-month forward market, as devaluation concerns ease

The 12-month naira forwards increased to N454.50 per dollar on Wednesday, from a high of N522.56 on April 20.

Despite COVID-19, Lagos state raised ₦163.2 billion in revenue in Q1 2020, N14.9 billion higher than Q1 2019

Business News2 months ago

Despite COVID-19, Lagos State Government says Q1 budget performance rose to N163.2 billion

This performance, according to the Lagos State Commissioner for Economic Planning and Budget, Mr. Sam Egube, “is higher than the 68% (N148.3 billion) recorded for the...

Moving averages, MTN, Stanbic lead Nigerian stocks to a hat trick at Nigerian Stock Market

Markets2 months ago

MTN, Stanbic IBTC lead Nigerian stocks in a hat trick

A turnover of 353.32 million shares valued at N7.03billion in 4,659 deals was recorded in today’s trading as FBNH was the most traded stock.

Value of shares traded by top 10 stockbrokers up 133% despite COVID-19, investors, Raging Bulls lift Brent Crude price by 10%

Markets2 months ago

Nigerian banking stocks remain most liquid stocks, as investors gain N25.1 billion

Equity investors on Nigeria’s bourse gained N25.1 billion as market capitalization appreciated by the same margin to close at N12.48 trillion.

Naira, Unify exchange rates to foster economic growth – NISER , OFFICIAL: Banks charge N368 per dollar for debit card transactions

Markets3 months ago

Naira strenghtens further at the parallel market

Naira appreciated to N453 to a dollar on Thursday, May 28, 2020, which represents a N2 gain when compared to the N455 to a dollar that...

market's, Bears clawing down on the naira, hits N425 to $1

Markets3 months ago

Bears claw at bank stocks, as CBN cuts interest rate

Market turnover finished lower compared to the previous trading session, as total volume and values dipped by 40.13% and 38.60% respectively, to 348.21 million units and...