Naira strengthens to N1,561.76
The naira appreciated by 4.49 per cent against the U.S. dollar, closing at N1,561.76 in the official Investor and Exporter...
Banking & Finance
Equity market sheds N56bn
The nation's equity market on Wednesday sustained negative performance, dropping by N56 billion, as profit taking activities persisted during the...
Unity Bank, CashToken rewards promo produces new millionaire
Benjamin Orisemeke A Unity Bank customer, Mr. Amadi Chinmenem Gift Chike, has emerged as the latest winner of One Million...
CBN serious about fair, efficient FX markets – Cardoso
Omeiza Bilal The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision...
CBN sells $543m to banks to check market volatility
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and...
CBN introduces electronic FX matching system to curb speculation
The Central Bank of Nigeria (CBN), has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS), for Foreign...
Afreximbank approves $20.8m for Starlink Global’s cashew factory project in Lagos
Benjamin Orisemeke African Export-Import Bank (Afreximbank) has approved a $20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited...
Equity market sustains negative trend, sheds N671bn
The domestic equity market on Thursday shed N671 as selloff in the shares of Dangote Cement, Dangote Sugar Refinery, FBNHoldings,...
Africa: FEDA, AFC power ARISE IIP’s $443m capital raise
Benjamin Orisemeke ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise...
AFC issues $500m Eurobond
Africa Finance Corporation (AFC) announced yesterday that it has successfully issue a $500 million 144A/Reg S Eurobond from the global...
