CBN Sells FX To BDCs At N1,251/$1

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...
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How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co

How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co

A Pan-African Credit Rating Agency Agusto & Co has identified three major economic variables that are likely to have a fareaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024.Agusto & Co is a leading provider of industry...
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Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation.  Meanwhile, Business Man,  Mr. Femi Otedola also on Monday confirm...
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NGX Extends Gain By N244b

NGX Extends Gain By N244b

Positive sentiments persisted on the Nigerian Exchange Ltd., (NGX) on Friday with the All-Share Index extending growth by 0.54 per cent. Specifically, the All-Share Index improved further by 445.56 points points or 0.54 per cent to close at 83,042.96, against....
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NGX All-Share Index Drops By 1.4%, Investors Lose N638b

NGX All-Share Index Drops By 1.4%, Investors Lose N638b

The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...
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NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs

NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs

Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars.  The Exchange stated that this...
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Naira Drops Further, Exchanges At N769.25 To Dollar

Naira Drops Further, Exchanges At N769.25 To Dollar

Again, the Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated by 0.82 per cent compared with N763, which it exchanged for the dollar before the Eid-el-Kabir holiday that began...
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CBN Explains Unification Of All Exchange Rate Windows

CBN Explains Unification Of All Exchange Rate Windows

In a bid to improve liquidity and stability, the Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex market collapsing all windows into one. According to a press statement signed by the Director of...
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Market Capitalisation Drops By N5b

Market Capitalisation Drops By N5b

The stock market on the Nigerian Exchange Ltd. on Thursday recorded a bearish tilt as the overall capitalisation dropped by N5 billion. The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close...
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Naira Ends Week On Negative Note

Naira Ends Week On Negative Note

The Naira on Friday lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.11 per cent, compared to the N461 for which it exchanged to the dollar on...
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Market Capitalisation Loses N422b

Market Capitalisation Loses N422b

The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday.  The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points....
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Again, Naira Depreciates Against Dollar

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday.  The open indicative rate closed at N416.50 to the dollar on...
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FX Repatriation: CBN Releases N3.5b Incentive To Exporters

FX Repatriation: CBN Releases N3.5b Incentive To Exporters

The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window.   The CBN Governor, Mr Godwin Emefiele, made the announcement at the Bankers’ Committe...
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FG Lists $4b Eurobonds On FMDQ Exchange  

FG Lists $4b Eurobonds On FMDQ Exchange  

FMDQ Securities Exchange Ltd. has announced the listing of the Federal Government of Nigeria’s four billion dollars Eurobonds under its global medium-term note programme on its platform.  This is contained in a statement by FMDQ Exchange made available ...
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