FCMB’s credit losses exceed profit, hit N57bn
FCMB Group Plc’s profit before tax for the first nine months of this year failed to keep pace with its
Read more
Money
Naira extends slide as FX market loses 13% of liquidity
The naira extended its decline against the dollar on the official market as liquidity was 13.37 percent lower last week,
Read more
CBN’s poor communication harming credibility: Capital Economics
The Central Bank of Nigeria has not done a good job of communicating its plans and strategies, putting its credibility
Read more
FX forwards contracts rise as naira falls further
With no end in sight to the depreciation of the naira against the dollar, there was an increase in foreign
Read more
Naira hits fresh record low against dollar
The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to
Read more
Naira crosses 1,000/$ on official market for first time
The Nigerian currency weakened to as low as N1,097.50 per dollar on Wednesday on the official foreign exchange market, data
Read more
Naira plunges as FX market liquidity drops
The naira weakened at a faster pace against the dollar this week on the official market as liquidity declined. The
Read more
Access Holdings Posts Higher Profit as Interest Income Doubles
Access Holdings Plc, the parent company of Access Bank Plc, reported a profit before tax of N126.82 billion for the
Read more
Drop in FX Market Liquidity Worsens Naira’s Weakening
The liquidity in Nigeria’s official foreign exchange market dropped by more than a third last week, exacerbating the depreciation of
Read more
Dollar Now Costlier Than Euro as Naira’s Street Value Sinks
The United States dollar is now stronger than the euro on the Nigerian parallel market as the naira extended its
Read more