Naira Appreciates to N1644 on Electronic FX Platform

Oil Prices Slump as Data Suggest Weak Demand in China, US: Crude oil prices slumped in the global commodities market on Thursday due to a weak demand outlook in China, and the United States. Read more

French Politics to Keep Euro Subdued: The political turmoil in France will keep Euro subdued against its major trading partners. France’s lower house of parliament Wednesday started debating two no-confidence motions …Read more

Bitcoin Price Crosses $100,000 Mark for 1st Time: The price of the cryptocurrency, Bitcoin, on Thursday surpassed the $100,000 threshold for the first time on the Bitstamp platform. Read more

Tax Reform Bills: Senate Sets Up Review Committee, with AGF: The Senate on Wednesday set up a committee to review the controversial tax reform bill that is before the National Assembly. …Read more

NGX Rises by N286bn as SEPLAT, WAPCO Rally:? The equities market capitalisation of the Nigerian Exchange (NGX) expanded by more than N286 billion as investors trading highs and lows in the local bourse …Read more

Shell to Prioritise Contracts Awards to Indigenous Companies: Shell companies in Nigeria on Wednesday restated their commitment to the development of Nigerian companies through contract awards and capacity building. Read more

Senate Passes 2024 Investment, Security Re-enactment Bill: The Senate passed the Investment and Security repeal and re-enactment Bill, 2024. The passage of the bill followed the adoption of report of Committee…Read more

Naira Appreciates to N1644 on Electronic FX Platform:?The naira appreciated against the US dollar on BMatch system deployed by the Central Bank of Nigeria (CBN) for authorised currency dealers. The exchange rate, however, steadied at Nigeria’s autonomous…Read more

Interbank Rates Fall as Inflows Keep Liquidity Strong:?In the money market, interbank rates fell further on Wednesday as inflows from matured instruments pushed liquidity balance in the financial system higher again…Read more

Interest Rate on Treasury Bills Falls by 57bps at CBN Auction:?The discount rate on Nigerian Treasury bills reduced in the primary market conducted by the Debt Management Office (DMO) on behalf of the monetary authority as demand spiked on?…Read more

Seplat Energy Gains N400/share in Fresh Rally:?Investors raised heavy bets on Seplat Energy Plc shares in the equities segment of the Nigerian Exchange (NGX) as setiment improved? The strong buying interest from value hunters…Read more