CBN Sells N40bn Treasury Bills The Central Bank of Nigeria said it had raised N39.72bn ($130.57m) at a Treasury bill sale, with yields unchanged on the...
Interbank Rate Jumps to 50% on CBN Forex Sales The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of...
Forex Scarcity: Naira May Hit N500/dollar Next Week The naira is seen depreciating further and may hit the 500 mark to the United States dollar at...
FBN Capital Gets Global Recognition FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc, has been named the ‘Best Local Investment...
Equities Gains N16bn, OTC FX Futures Contract Matures The equities market appreciated slightly on Thursday by N16bn as the Nigerian Stock Exchange market capitalisation closed at...
Nigeria’s Debt Service Bill Tops N4tr in Three Years By the end of 2017, Nigeria would have spent N4.1 trillion on debt servicing. The 2017 budget...
Naira Slides to N492 at Parallel Market The Naira continued to depreciate against the greenback at the parallel market as demand for the dollars outstrips forex...
Lagos Funds Pension Scheme With N125.94bn Lagos State Government has so far spent N125.94bn on the Contributory Pension Scheme since its inception nine years ago. The...
FG Okays 5% of Recovered Loot for Whistleblowers The Federal Executive Council on Wednesday approved the Ministry of Finance Whistleblowing Programme that may see individuals, who...
Oando Sells 49% Stake in Midstream Unit for N35bn Oando Plc, an indigenous energy group, has announced the completion of a $115.8m (N35.3bn) partial divestment of...
