Naira extends gain against dollar despite forex liquidity drop
The naira gained further last week despite the over 50 percent decline in liquidity in the foreign exchange market. The
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Money
Naira sinks to 1,665/$ on official market as liquidity dips
The naira closed at a new record high of 1,665.50 per dollar on the official foreign exchange market on Friday
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CBN wants BDCs to request BVN, passport, others for dollar sales
The Central Bank of Nigeria has released a draft revised guidelines for Bureau de Change operations that will require BDCs
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CBN to stop BDCs from selling FX to businesses, financing political parties
The Central Bank of Nigeria released on Friday a draft revised guidelines for Bureau de Change operations that include the
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No plans to convert domiciliary account deposits to naira – CBN
The Central Bank of Nigeria has said there are no plans to convert deposits in domiciliary accounts to naira. The
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Infinity Trust Mortgage Bank posts 42% jump in profit
Infinity Trust Mortgage Bank posted a profit before tax of N1.21 billion for the 2023 financial year, compared to N847.11
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Fidelity Bank taps stock market to raise N32bn ahead of recapitalisation
Fidelity Bank Plc is seeking to raise up to N32 billion through rights issue ahead of the recapitalisation announced by
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Moody’s changes Nigerian banks’ rating outlook to positive
Moody’s Investors Service has affirmed the Caa1 long-term deposit ratings, long-term issuer ratings as well as the senior unsecured debt
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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
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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,
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