Money market
Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset
ONOME AMUGE & JOY AGWUNOBI IN LAGOS, NIGERIA The first quarter of 2024 will be remembered as a turbulent period…
Dollar rebounds from two-year trough on Fed view
The dollar consolidated gains on Thursday after less dovish than expected minutes from last month’s U.S. Federal Reserve policy meeting…
Fitch warns CRR will crash banks’ returns
BY:Moses olajuwon Obajemu Fitch Ratings has sounded the alarm that the cash reserve ratio (CRR) policy being implemented by the…
NDIC assures depositors of defunct Fortis MFB of getting their insured funds
BY: Moses olajuwon Obajemu The Nigeria Deposit Insurance Corporation (NDIC) yesterday vowed to protect the interest of depositors of…
Forex scarcity sends naira crashing, now N472/$ at parallel market
Foreign exchange scarcity has triggered further fall of the naira in the parallel market where it now exchanges at N472…
Banks write off N1.9tr bad loans — Agusto Ratings
Loans totaling N1.9 trillion considered to be bad loans were written off by banks in the country in the last…
As pandemic lockdown eases, money in circulation falls to N2.29tn
Nigeria's stock of money in circulation stood at N2.29 trillion at the end of June 2020, representing a decline of…
