18 Febuary 2021

Bears take a grip on Nigerian stock market, investors lose ₦132 billion

Source: Nairametrics

Nigerian stock market dropped further today by 0.63% to 40,465.32 index points. Year-to-date return and market capitalization settled at -0.15% and N21.03 trillion respectively.

Nigerian stocks ended the fourth trading session of the week on a negative note amid soaring oil prices prevailing at the U.S trading session....

21 Febuary 2021

Naira ends week with marginal appreciation after CBN sold $100m

Source: Business Day

Nigeria’s currency ended the week with a marginal appreciation of 0.23 basis points (bsp) against the dollar at the Investors and Exporters (I&E) forex window after the Central Bank of Nigeria (CBN) sold a total of $100 million at the Secondary Market Intervention Sales (SMIS) Wholesale Window on Wednesday.

Naira closed at N410.00k at the.....

20 March 2021

Nigeria secures $1.2 billion loan from Brazil for agriculture modernization

Source: Nairametrics

The Federal Government has signed a fresh $1.2 billion Memorandum of Understanding (MOU) with the Development Bank of Brazil for agriculture modernization in Nigeria.

According to a report by the Guardian, the Nigerian government intends to improve agriculture mechanization and set up modern agro centers across the country with the credit facility....

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22 February 2021

SEC urges senior bankers to mentor younger ones

Source: The Punch

Senior bankers in the nation’s banking sector have been urged to mentor the younger generation so as to ensure sustainability, safety and soundness of the banking and finance industry.

The Director-General of the Securities and Exchange Commission.....

27 January 2021

Banks show resilience but rising credit exposure, NPLs are concerns – IMF

Source: Business Da

Banks across the globe including Nigeria have not been part of the Covid-19 problem so far as they entered the pandemic with a large amount of capital and high liquidity buffers according to the International Monetary Fund (IMF).

The IMF Global Financial Stability Report (GFSR) released on Wednesday revealed that banks have shown resilience so far, due to un....