Naira will appreciate to 900/$ before December: Rewane’s FDC
The naira will strengthen to 900 per dollar on the parallel market before December, analysts at Financial Derivatives Company Limited
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Money
Moody’s affirms ECOWAS bank’s credit rating
Moody’s Investors Service has affirmed the ECOWAS Bank for Investment and Development’s B2 long-term issuer rating and maintained the stable
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Chapel Hill Denham to list N200bn infrastructure fund on NGX
Chapel Hill Denham is poised to list the Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund,
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Eight fintechs jostle for Ecobank’s $50,000 cash award
Eight fintechs are vying for Ecobank’s $50,000 prize, which the pan-African banking group described as “the largest no-strings-attached fintech cash
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FX futures markets sit idle amid naira freefall
With the naira’s depreciation showing no signs of abating amid the scarcity of dollars in Nigeria, the foreign exchange futures
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Zenith exits trillion-naira club, Stanbic enters. GTCO now most valuable bank
Zenith Bank has left the club of firms that boast at least N1 trillion in market value while Stanbic IBTC
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Exchange-traded FX futures worth $0.8m executed in first week – FMDQ
Exchange-traded FX futures contracts worth $0.8 million were executed this week following the start of the FMDQ exchange-traded derivatives market.
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What you need to know to get FX from Nigerian banks
One of the biggest commercial banks in Nigeria, Access Bank, has provided the information bank customers need to access foreign
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Naira devaluation credit negative for Dangote Cement, Coca-Cola: Moody’s
The recent naira devaluation is credit negative for Nigeria’s nonfinancial companies with foreign currency-denominated debt and local naira cash flow,
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CBN to resume offer rates quotation for FX futures Monday
The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to
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