By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange (I & EFX) depreciated by 0.02 per cent close at N413.18 on Wednesday. The specialized foreign exchange window on Tuesday had appreciated by 0.10 per cent to close at …
Fitch Ratings has affirmed Guaranty Trust Bank Limited’s (GTBank) long-term issuer default rating at ‘B’ and viability rating at ‘b’ with a stable outlook, the agency said in a new report. According to the ratings, the bank’s stable outlook reflects…
Kayode Tokede with News Agency JP Morgan disclosed that Nigeria’s economy is expected to grow grow by 1.5per cent this year. This was disclosed by JPMorgan Chase Bank NA analysts including Gbolahan Taiwo and Ayomide Mejabi in an email reported…
Naira at the Investors & Exporters Foreign Exchange (I & E FX) window on Tuesday appreciated by 0.10 per cent to close at N413.28 against the dollar. At the I&EFX window, the Naira closed down by 0.06per cent and 0.10per…
Analysts at CSL Stockbrokers said they are worried over government’s rising debt profile, amid the anticipated to increase given the planned Eurobond offering. The Federal Government is also seeking approval to raise $4billion and a N710million to fund the 2021…
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has described Federal Government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right direction, stressing that the fundamentals and potentials of the nation’s economy are strong with…
By Kayode Tokede FMDQ Exchange on Monday disclosed that turnover in the Fixed Income and Currencies (FIC) markets in August 2021 was N12.33trillion, representing a 27.34per cent or N4.64trillion Month-on-Month (MoM) decrease from turnover reported in July 2021. According to…
By Kayode Tokede Bridging the gap to attain sustainable solutions to economic recovery will be the most impactful route to drive lasting and meaningful growth; for this to be achieved, creation of opportunities, conscious inclusion of Small and Medium Enterprises…
By Kayode Tokede The Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele said the apex bank supported disbursed N134.57 billion to 38,140 beneficiaries under the Agribusiness/Small and Medium Enterprise Investment Scheme (AGSMEIS). Speaking after the Monetary Policy Committee (MPC)…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said Federal Government spent N1.03trillion on servicing debt in the first quarter (Q1) of 2021 compared with N779.73 billion in the corresponding period of 2020. The apex bank in its…
