Despite CBN’s $197m intervention, naira drops to four-month low at official market
The naira, on Monday, depreciated to N1,612 per dollar at the official segment of the…
All Posts in "Money Market"
Naira Wobbles as Dollar Demand Soars, Banks Hit by N400bn CRR Debit
The Nigerian money market showcased remarkable resilience despite a major liquidity shock last Friday, when…
Fidelity Bank Distributes Food Packs to FCT Communities
As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc,…
CBN Sells N5.5trn in Treasury Bills in Q1 2025, Rejects N9.7trn as Foreign Investor Inflows Dry Up
In the first quarter of 2025, the Central Bank of Nigeria (CBN) sold a total…
CBN Injects $197.71 Million into FX Market as Global Shifts Test Nigeria’s Economic Resilience
In a firm show of its commitment to a resilient and responsive foreign exchange regime,…
CBN Debunks Fake Reports on Introduction of ₦5,000 and ₦10,000 Banknotes
The Central Bank of Nigeria (CBN) has dismissed as false the viral reports claiming it…
NLNG Dividend Refund, 13% Derivation Funds Boost Liquidity Stability – AIICO Capital Report
A recent report by AIICO Capital Limited has highlighted how additional inflows from the Nigeria…
CBN Reports Strongest Net Reserve Position in Over Three Years
CBN Governor, Olayemi Micheal Cardoso The Central Bank of Nigeria (CBN) has announced that the…
Fidelity Bank Reports Outstanding 210% Growth in PBT to N385.2bn for FY 2024
…Declares N2.10 Per Share as Total Dividend Fidelity Bank Plc has announced a remarkable 210%…
NDIC Assures Heritage Bank Depositors of Swift Payment for Uninsured Balances
In a significant move to address concerns of depositors with balances exceeding the insured limit…