Naira further gains N12.50 at official market
The Naira on Thursday further appreciated at the official market trading at N1,359.31 against the US dollar. According to data...
Banking & Finance
Nigeria’s stock market remains bullish, gains N369bn
Transactions on the floor of Nigerian Exchange NGX on Thursday took upward trend, appreciating by N369 billion as gains in...
Local equities gain N390bn
The local equities market on Wednesday sustained growth trend, appreciating by N390 billion. Market capitalisation of listed equities increased by...
Domestic equities shed N3bn
The local equity market on Thursday recorded negative performance, dropping by N3 billion as profit taking activities persisted during the day....
Nigeria’s stock market gains N600bn, as GTCO, Zenith others lead rally
The Nigeria's domestic equity market on Wednesday sustained growth trend, appreciating by N600 billion bears continue to dominate trading during the...
Banks raised N4.65trn as CBN concludes recapitalisation programme
…It will strengthen financial system resilience – Cardoso Omeiza Bilal The Central Bank of Nigeria (CBN) Nigerian banks raised a...
Bulls return as domestic equities gain N516bn
Transactions on the floor of Nigerian Exchange NGX on Tuesday closed in an upward trajectory, gaining N516 billion, as gains...
Excess liquidity in banking system hits N8.2trn
The financial system witnessed a marginal surge in liquidity following the repayment of large OMO bills and the absence of...
CBN reaffirms oversight, assures stability of Union Bank after court ruling
Omeiza Bilal The Central Bank of Nigeria (CBN) has said it remains committed to the stability of Nigeria’s financial sector....
Court orders full reversal of CBN’s Union Bank takeover
…Says its illegalThe Federal High Court in Lagos has ruled that the Central Bank of Nigeria acted beyond its legal...
