MARKETS

  The Central Bank of Nigeria (CBN) has notified Bureau De Change (BDC) operators of the sale of $10,000 at the rate of ₦1,021/$1. The notification of discounted sales was contained in a fresh statement by the apex bank to the BDC operators. This move marks the second of such...

-declares a final dividend of 60kobo per share Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank...

  The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent non-oil export domiciliary account holders from obtaining foreign exchange through the official market. ABCON’s president, Dr. Aminu Gwadabe, said this in Lagos on Thursday that this measure would increase...

  Nigerian commercial banks have instituted withdrawal limits on their automated teller machines (ATMs), with variations observed across different banks, according to an investigation by TheCable. This development traces back to the cash scarcity episodes experienced in parts of Nigeria in the latter half of the previous year. The Central...

  VDF Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development. The Managing Director of Splitar Limited, Mr Folagbade Adeyemi, stated this while speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) quarterly Forum, sponsored...

The Debt Management Office (DMO) on Friday in Abuja revealed that Nigeria’s public debt stock rose by N9.43tr in three months to hit N97.341 trillion as of Dec. 31, 2023. The DMO, in its released data, said that the amount comprised domestic and external debt stocks of the federal government,...

Naira has maintained a steady appreciation, gaining 4.55 per cent of its value against the dollar on increased dollar supply after the Central Bank of Nigeria (CBN) cleared all foreign exchange (FX) backlog. The summary of the FX trading auction revealed that naira appreciated by 4.55 percent as the dollar...

    Access Bank Plc has signed a binding agreement with KCB Group Plc (KCB) to acquire 10 cent shareholding in National Bank of Kenya Limited (NBK). The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of all regulatory...

    The  Securities and Exchange Commission (SEC), has declined to approve proposal by PZ Cussons (Holdings) Limited, the foreign majority core investor in PZ Cussons Nigeria Plc, to acquire entire shareholdings of Nigerian minority shareholders in the Nigerian subsidiary. In a regulatory filing on Wednesday, the board of PZ...

The Debt Management Office (DMO) has clarified that the appointment of Transaction Advisers for the issuance of Eurobond is contingent upon the approval of the Federal Executive Council (FEC). Speaking during an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja, the Director-General of the DMO, Patience...