Nigeria’s foreign reserves hit $51.86 billion, highest since 2009
Nigeria’s foreign reserves hit $51.86 billion, highest since 2009 Nigeria’s external reserves have climbed to $51.86 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) projection for the year. Data from... Read More →
CBN allots N1.19 trillion as investors bid N2.87 trillion for 364-day T-bill
CBN allots N1.19 trillion as investors bid N2.87 trillion for 364-day T-bill Investors in Nigeria’s Treasury Bills market poured a whopping N2.87 trillion into the 364-day instrument alone at the July 15 primary market auction, more than seven times higher... Read More →
‘CBN may hike rates as election spending pressures rise’
‘CBN may hike rates as election spending pressures rise’ The Central Bank of Nigeria is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the... Read More →
NGX gains N390bn as banking stocks lift market
NGX gains N390bn as banking stocks lift market The Nigerian equities market maintained its upward momentum on Wednesday as renewed demand for banking stocks offset profit-taking in select counters, keeping the Nigerian Exchange near historic highs despite a slowdown in... Read More →