MARKETS

Central Bank of Nigeria (CBN) has announced that Nigeria recorded $10.7 billion aggregate foreign exchange inflow into the economy in April and May 2023. The CBN disclosed this in its latest economic report on foreign exchange flows, obtained from its website. According to the report, the economy recorded a higher...

The Debt Management Office (DMO), on behalf of the Federal Government, has offered for subscription Ijarah Sukuk valued at N150 billion. Sukuk is a Sharia-compliant instrument that represents the interests of the owner in an asset or pool of assets. It is usually linked to specific infrastructure projects. In a...

  The Association of Bureaux de Change Operators of Nigeria (ABCON) is seeking friendly policies to guarantee its members’ operation in the foreign exchange market, as the Federal Government wants Bureaux de Change (BDC) trimmed to 200. The request followed the call on the Central Bank of Nigeria (CBN) to...

The Federal Government has urged the Central Bank of Nigeria (CBN) to reduce the number of Bureau de Change (BDC) operating in the country from over 5,000 to about 200. This statement was made by the Special Adviser to President Tinubu on Economic Affairs, Tope Fasua during an economic policy...

NGX Regulation Limited (NGX RegCo) has released the "Code of Conduct for Approved Persons of Trading License Holders" ("The Code") of Nigerian Exchange Limited (NGX), in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market. Approved by the Securities and Exchange Commission (SEC)...

  declared an interim dividend of N0.30 per share The net profit of Access Holdings for the first half of the year rose by 52 per cent   compared to that of the same period of last year as its revenue for the review period stood at N940 billion for the...

  The Federal Government through the Ministry of Communications, Innovation and Digital Economy has said it intends to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated this during a tech...

    The exchange of the Naira to the dollar plunged to a record low N983/$1 at the black market as currency traders said there no dollar to sell This represents a 2.93 per cent drop when compared with the N955/$1 that it traded on Tuesday as the foreign exchange...

Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. In a statement to the investing community through the Nigerian Exchange Limited (NGX) on Wednesday, the bank noted that the acquisition is aimed at strengthening the bank’s strategic initiatives...

  The naira dropped to N930 per dollar at the parallel section of the foreign exchange (FX) market on Wednesday, representing a depreciation of N25 or 2.76% compared to the N905 it reported on August 23. According to Bureaux De Change operators (BDCs), who spoke to TheCable in Lagos on...