Sell-Off Wipes N4.91tn Off NGX As Index Falls 3.11%
By Yahaya Umar
Nigerian Exchange, NGX, recorded a sharp decline in market value last week as sustained sell pressure across key stocks erased approximately N4.91trn...
CBN Withdraws N3.04trn In Single OMO Session First Week Of June
By Charles Ebi
Central Bank of Nigeria, CBN, absorbed N3.04 trillion from the banking system through a single Open Market Operations, OMO, auction conducted on...
Band A Consumers to Receive Credits Over Poor Power Supply — NERC
The Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation package for eligible Band A electricity consumers who experienced inadequate power supply due...
CBN Approves Abbey Mortgage’s Conversion To Regional Commercial Bank
By Charles Ebi
Central Bank of Nigeria, CBN, has approved the conversion of Abbey Mortgage Bank Plc from a Primary Mortgage Bank to a Regional...
W’Bank, China Hold $23.2bn Of Nigeria’s $51bn External Debt Burden
…Eurobond obligations add pressure to debt service costs
By Charles Ebi
Nigeria’s external debt profile continues to reflect heavy dependence on multilateral institutions and a small...