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
Read more
Money
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,
Read more
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
Read more
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
Read more
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
Read more
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.
Read more
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
Read more
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,
Read more
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
Read more
FX forward, futures contracts surge amid naira devaluation
The demand for foreign exchange forward and futures contracts surged this week as the naira saw a significant decline against
Read more