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CBN Supplies $210Mn Into Inter-Bank Forex Market
The Central Bank of Nigeria (CBN) today injected $210 million into the Inter-bank segment of the Foreign Exchange (Forex) market in furtherance of its sustained monetary policy objective of ensuring adequate liquidity in the market sustainably. Figures obtained from the apex bank on the intervention showed that $100 million was provided for authorized dealers in […]
Analysts Forecast Bullish Momentum In Nigeria’s Equities Market
Investment researchers at Bancorp Securities Limited, one of Nigeria’s investment research and consulting services providers, have projected a sustained bullish price correction momentum in the Nigerian Exchange (NGX) this week as investors brace up for investment earnings from expected dividend declarations. The researchers, in the firm’s ‘Weekly Stock Recommendation for Feb. 05 – Feb. 09, […]
Again, FG Insists On More Borrowing As Public Debt Stock Rises
In what sounded an unrepentant voice of justification of the nation’s rising public debt stock, the Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday stoutly defended the borrowings of the President Buhari-led administration, saying the government will continue to borrow to fund critical projects. The minister, who spoke against the background of […]