CBN approves daily sales of $10,000 each to 1,588 BDCs
Omeiza Bilal The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 each to 1,588 eligible Bureau De...
Banking & Finance
Equity market sheds N221bn on profit taking
Uzezi Samuel The domestic equity market Monday opened week on a bearish note, shedding N221 billion following profit taking activities...
CBN bans foreign currency collateral for naira loans
Agency Report The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for Naira loans. This...
Debt for growth is not a bad thing – AfDB says
The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry...
Equity market dips by N252bn
Omeiza Bilal The negative sentiments continued in the local equity market as the All-Share Index (ASI) dipped by 0.43 per...
Customs generate N1.3trn in Q1 2024
The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The...
Local equities dip by N190bn
Omeiza Bilal The nation's equity market on Tuesday sustained declining profile, shedding N190 billion as majority of stocks closed southward....
CBN To Lose N1.01 Trillion in Interest Rates From Q1 NTB Auctions Over Naira Defence
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest...
Equity market sheds N25bn on profit taking
Omeiza Bilal The domestic equity market capitalisation declined by N25 billion after two days holidays to celebrate Easter, following investors...
Recapitalization: Naira Depreciation Has Greatly Eroded Capital Base Of Banks —Izunaso
Agency Report Chairman of the Senate on Capital Market, Senator Osita Izunnaso, says the new recapitalization initiative for banks by...
