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Money & Markets
Lagos State to float N125b bond issuance

Lagos State to float N125b bond issuance

The Lagos State Government is about to launch its Series IV Bonds of up to N125 billion under the State’s N500 billion Bond Issuance Programme. This was disclosed by the Joint Issuing House, Comercio Partners…

Money & Markets
FG registers 1.9m poor, vulnerable households for conditional cash transfer

FG registers 1.9m poor, vulnerable households for conditional cash transfer

The Federal Government has revealed that more than 1.9 million poor and vulnerable households in Nigeria have so far been registered under its Household Uplifting Programme-Conditional Cash Transfer (HUP-CCT). The government has also said that…

Money & Markets
CBN promises manufacturers loans of not more than 9 per cent rate

CBN promises manufacturers loans of not more than 9 per cent rate

The Central Bank of Nigeria (CBN) has assured manufacturers of single-digit loans of not more than 9%. This was disclosed by the CBN Governor, Godwin Emefiele at the Nigeria International Partnership Forum in Paris, France.…

Money & Markets
Senate okays Buhari’s $16b, €1b loan requests

Senate okays Buhari’s $16b, €1b loan requests

The Nigerian senate has approved $16,230,077,718 and €1,020,000,000 loans requested by President Muhammadu Buhari, according to TheCable. The president had made the request for the facilities in an addendum to the 2018-2020 borrowing plan in…

Money & Markets
CBN recorded N2.9t currency in circulation in 2020

CBN recorded N2.9t currency in circulation in 2020

The Central Bank of Nigeria recorded about N2.907 trillion currency in circulation in the economy as at end-December 2020. This was disclosed in the recently released Annual Report 2020 as compiled by the CBN’s Currency Operations Department.…

Money & Markets
Naira falls at official market as forex turnover surges by 74%

Naira falls at official market as forex turnover surges by 74%

The exchange rate between the naira and the US dollar closed at N414.55/$1, at the Investors and Exporters window, where forex is traded officially.  Naira depreciated against the US dollar to close at N414.55/$1 on…

Money & Markets
Nigerian equities market closes week bearish as ASI drops by 6 bps

Nigerian equities market closes week bearish as ASI drops by 6 bps

The bears took over the Nigerian stock market in the week ended 5th November 2021, after enjoying six consecutive weeks of bullish reign in the local bourse. The All-Share Index, which is used to measure…

Money & Markets
Naira appreciates at official market as external reserve makes a rebound

Naira appreciates at official market as external reserve makes a rebound

The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official Investors and Exporters window. The Naira appreciated against the US dollar to close at N414.30/$1 on Friday 5th November…

Money & Markets
Naira falls to dollar, exchanges for N415 at official window

Naira falls to dollar, exchanges for N415 at official window

The exchange rate between the naira and the US dollar closed at N415.1/$1, at the official Investors and Exporters window. The Naira depreciated against the US dollar to close at N415.1/$1 on Thursday 4th November…

Money & Markets
CBN disposed N698,480m worth of unfit banknotes in 2020-CBN

CBN disposed N698,480m worth of unfit banknotes in 2020-CBN

The Central Bank of Nigeria has stated that it disposed of N698,480.00 million worth of unfit banknotes in 2020. This was disclosed in the recently released Annual Report 2020 as compiled by the CBN’s Currency Operations Department.…