Naira posts big weekly loss against dollar
Nigeria’s currency, naira, lost 1.16 percent of its value against the dollar this week at the official spot market, data
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Money
Naira devaluation inevitable in 2023: Top economist
The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist
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Increased FX turnover fails to lift naira, FMDQ data show
The naira weakened against the dollar this week despite the increase in the turnover in the foreign exchange market, data
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Naira redesign may weigh on economic activity – World Bank
The World Bank has said the redesign of Nigeria’s higher-value currency notes may have negative impacts on economic activity. The
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Naira extends fall against dollar as FX turnover dips 21%
The naira weakened further against the dollar as the turnover at the foreign exchange market fell by 21 percent this
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Naira extends decline, FX turnover up 25%: FMDQ
The naira weakened further this week at the Investors and Exporters window, even as the foreign exchange turnover rose by
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Asset manager PIC set to invest $100m in AFC
The Public Investment Corporation, Africa’s largest asset manager has given formal notification to make a $100 million inaugural equity investment
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Jaiz Bank’s half-year profit rises 27%
Jaiz Bank Plc posted a profit after tax of N2.54 billion for the first half of 2020, up from about
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Sterling Bank’s half-year profit jumps 41%
Sterling Bank Plc has said its profit after tax for the first half of 2022 rose by 40.8 percent year-on-year
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FX market turnover falls 43%, naira weakens further: FMDQ
The total turnover in the FX spot and derivatives markets fell by 42.81 percent this week to $538.30 million from $941.28 million
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