CBN Report Outlines Banks’ Deposit, Lending Rates The Central Bank of Nigeria (CBN) has made public, the deposit and lending rates obtainable in commercial and merchant...
Euro Falls to 10-month Low After Italy Debt Selloff The euro fell on Tuesday to a 10-month low after a selloff in Italy’s debt market drove...
Italian Bonds Suffer Worst Day in More Than 25 Years A deepening political crisis in Italy, the euro zone’s third biggest economy, fuelled a selloff in...
Worsening Italian Crisis Batters European Markets A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to...
Emefiele Warns Banks Against Selling Dollar Above N360 The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Monday warned banks against selling dollars...
Naira Devaluation Unlikely Before Elections —Analysts Analysts at FBNQuest Capital Limited have said that the monetary authorities are unlikely to devalue the naira or unify the...
CBN Injects $210m Into Interbank Forex Market The Central Bank of Nigeria on Tuesday said it injected the sum of $210m into the interbank foreign exchange...
Oil Hits Multi-year High on Tight Supply, Iran Sanctions Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against...
Euro Stuck Near 4-Month Low as US Bond Yield Rise Supports Dollar The euro remained stuck near 4-month lows on Tuesday after weaker-than-expected economic growth out...
Naira Bid-offer Spread Widens on Tight FX Liquidity The gap between Nigerian banks’ bids to buy and sell the naira to investors is widening due to...
