Covid-19: CBN grants two-week market holidays to BDCs
Businessam Staff
April 1, 2020
ABCON advises forex users to shun street traders The Central Bank of Nigeria has granted a two week market holidays to the bureaux de
CBN suspends forex sales to BDCs over pandemic
Businessam StaffMarch 27, 2020
The Central Bank of Nigeria has granted a two- week market holidays to the bureaux de change operators. This followed a request by the
Stock market sheds N371bn as 22 firms lose
Businessam StaffMarch 20, 2020
Transactions on the Nigerian Stock Exchange on Thursday halted the previous day’s gain with a loss of 3.12 per cent. The decline was
Devaluation fears, inflationary pressure rife as fixed income market bottom out
Moses ObajemuFebruary 24, 2020
Moses Obajemu As fixed income and money market rates bottom out amidst some monetary policy changes initiated by the Central Bank of
Market downturn worsens as investors lose fresh N188bn
Omobayo AzeezFebruary 24, 2020
By Omobayo Azeez Negative sentiment in the Nigerian stock market remained dominant last week as equities investors lost N188 billion
Uganda holds key interest rate to help shield economy
Businessam StaffDecember 9, 2019
Uganda’s central bank held its benchmark rate at 9% saying subdued inflation provides room to shield the economy from global headwinds
Zenith Bank, 9 others generate N578bn commission in 9 months
Businessam StaffNovember 19, 2019
Ecobank Transnational Incorporated, Zenith Bank Plc and United Bank for Africa Plc led seven other banks in N577.9bn commission
Soludo urges banks to adjust to new developments following ACFTA agreement
Businessam StaffNovember 19, 2019
A former Governor of the Central Bank of Nigeria, Prof Charles Soludo, has urged Nigerian banks to adjust to developments that may
Treasury bills experience three-year low drop rate
Businessam StaffNovember 14, 2019
The Nigerian Treasury Bills (NTBs) rates have dropped to single-digit at the end of yesterday’s primary market auction (PMA). Analysts
Currency in circulation falls 3.9% to N2.05trn
Businessam StaffNovember 14, 2019
Grows 95.6% to N2.02trn in 10 years By Omobayo Azeez Total currency in circulation (CIC) in Nigeria has declined by 3.9 per