FBN Holdings suffers N165bn forex loss in six months
FBN Holdings Plc, the parent company of First Bank of Nigeria, posted a foreign exchange loss of N165.05 billion in
Read more
Money
Naira finishes lower despite boost in dollar supply
The naira closed lower against the dollar this week despite an increase in foreign exchange supply at the official market,
Read more
FCMB posts N35bn forex gains in six months
FCMB Group, the parent company of First City Monument Bank Limited, made N35.19 billion in foreign exchange gains in the
Read more
Nigeria’s windfall tax on banks’ forex gains is credit negative: Moody’s
The proposed windfall tax on Nigerian banks by the government will significantly reduce the profits available to the lenders for
Read more
CBN’s latest decision seen piling pressure on banks
The decision by the Central Bank of Nigeria to tweak the asymmetric corridor around the monetary policy rate (MPR) is
Read more
CBN slows down rate hiking, delivers 50bps increase
The Central Bank of Nigeria has increased its monetary policy rate, also known as the key interest rate, by 50
Read more
50-100bps rate hike likely as MPC concludes meeting – CSLS
The Central Bank of Nigeria (CBN) is anticipated to sustain its contractionary monetary measures as it concludes its fourth Monetary
Read more
Naira expected to hit 1,700/$ ‘in the near time’, says FDC
The naira is expected to trade between 1,550 and 1,700 per dollar in the near term, Lagos-based Financial Derivatives Company
Read more
CBN rate hiking cycle to end this week: Capital Economics
The rate hiking cycle that the Central Bank of Nigeria started last year is expected to end this week, according
Read more
Drop in weekly forex liquidity drags naira lower
The naira extended its decline against the dollar last week as foreign exchange turnover in the official market fell by
Read more