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IMF SDR allocation: Direct allocation of US$3.3bn would boost Nigeria’s reserves...

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MON 28 JUNE, 2021-theGBJournal- Following the International Monetary Fund’s (IMF) efforts last year to boost its capacity for emergency funding and leading negotiations for...

Money market: Overnight rate expanded by 375bps w/w to 23.0% on...

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SAT 26 JUNE, 2021-theGBJournal- The overnight rate expanded by 375bps w/w to 23.0% as debits for CRR, FGN bond (NGN325.80 billion) and FX auctions...

FX Watch: Local currency ends week in deficit as Nigeria’s foreign...

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SAT 26 JUNE, 2021-theGBJournal- Nigeria’s FX reserves sustained its decline, dipping USD215.62 million w/w to USD33.55 billion (24th June 2021), the lowest in 13...

Supporting manufacturing for national empowerment

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By Arize Nwobu WED 23 JUNE, 2021-theGBJournal-Manufacturing is the very essence of the secondary sector of the economy. It entails the production of goods through...

Weekly FX Watch: Nigeria’s FX reserves down US$182.93 million w/w, naira...

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SAT 19 JUNE, 2021-theGBJournal- Nigeria’s Foreign exchange reserves sustained its decline, dipping US$182.93 million w/w to USD33.82 billion as 16th June 2021, the lowest...

Tips to help you stay safe online when transferring funds to...

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By Gbenga Okejimi TUE 15 JUNE, 2021-theGBJournal- Nigeria remains the largest recipient of diaspora remittance in Sub-Saharan Africa - in 2019, it received nearly half...

Treasury bills contracts by 13bps to 8.2% following demand for mid...

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SAT 12 JUNE, 2021-theGBJournal- Trading in the Treasury bills secondary market turned bullish this week following demand for the mid and long-dated OMO bills....

Analysis: Here is why FGN’s fiscal deficit is wider than preliminary...

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SAT 12 JUNE, 2021-theGBJournal- We received the Q4-20 budget implementation report from the budget office, and it showed that the FGN's fiscal deficit was...

FX WATCH: Foreign exchange reserves fall to lowest level since November...

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SAT 12 JUNE, 2021-theGBJournal- Nigeria’s foreign exchange reserves sustained its decline, dipping USD122.75 million w/w to USD34.05 billion (9th June 2021) – the lowest...

Markets Wrap: Equities ease back to negative territory, Naira settles flat...

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MON 07 JUNE, 2021-theGBJournal- The Nigerian equities market started the week’s trading negatively, as profit-taking witnessed in GUARANTY (-1.2%) caused a 0.1% decrease in...