Category: Finance

Naira gains in parallel market, dips in official exchange

The Naira experienced mixed fortunes in the foreign exchange markets on Tuesday. In the parallel...

Naira struggles in parallel market despite official gains

The naira experienced mixed movements on Monday, recording a slight decline in the parallel market...

Nigerian exchange extends losses, investors wipe out N2.8trn

The Nigerian Exchange concluded trading last week on a weaker note, extending the bearish trend...

Naira loses N14.85 at official exchange market

The Nigerian currency continued to face pressure at the official foreign exchange market, losing N14.85...

Naira rises to N1,455 in parallel market despite official dip

The Naira today appreciated to N1,455 per dollar in the parallel market, an improvement from...

High interest rates drive pension fund investments to N2.4trn

Investments in fixed income securities by Pension Fund Administrators saw a notable increase, rising by...

Tinubu seeks senate approval to borrow ₦1.15trn domestically

President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion...

W’Bank to disburse $500m loan for Nigeria’s Project BRIDGE

The $500 million loan from the World Bank for Nigeria’s Building Resilient Digital Infrastructure for...

Trump’s war threat drags naira, equities market down sharply

Nigeria’s financial markets opened the month on a downturn as both the naira and equities...

Pound sterling trades above ₦2,000/£ in FX market

The British pound sterling traded at approximately ₦2,065.96 to £1 in the Nigerian market, according...

Naira trades at ₦1,421.73/$ on official foreign exchange market

The Nigerian naira traded at ₦1,421.73 to the United States dollar on the Daily Nigerian...

CBN OMO auction fails, sells only ₦1.11bn at 21.69%

The Central Bank of Nigeria’s Open Market Operations auction saw poor demand on Friday despite...