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Nigeria’s manufacturing activity broadly stabilized in October, new orders index expands...

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By Audrey Lotechukwu WED, 28 OCT, 2020-theGBJournal-The Manufacturing PMI in the month of October stood at 49.4 index points, reflecting substantial improvement in manufacturing activity...

Nigeria’s FX reserves rebound by $1.77 million as OMO maturities, FGN...

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SAT, 24 OCT, 2020-theGBJournal-Nigeria’s FX reserves increased by USD1.77 million w/w to USD35.67 billion, as inflows offset outflows for CBN’s interventions across the various...

Bond yield contracts 76bps to 4.2% as Debt Management Office allots...

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SAT, 24 OCT, 2020-theGBJournal-Activities in the Treasury bills secondary market remained strong, as the buoyant system liquidity and retail demand sustained active trading in...

Nigeria’s Current Account records eighth consecutive quarterly deficit

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SAT, OCT 10 2020-theG&BJournal-Nigeria’s Current Account (CA) recorded its eighth consecutive quarterly deficit in Q2-20 at USD3.23 billion. The deficit was largely underpinned by...

Markets: FX reserves decline by $22.00 million w/w, bond average yield...

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SAT, 03 OCT, 2020-theGBJournal-Nigeria’s FX reserves declined by USD22.00 million w/w to USD35.72 billion, as FX outflows outpaced inflows. Across the FX windows, the...

Fitch revises Nigeria’s outlook to stable, affirms at ‘B’

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FRI, 02 OCT, 2020-theGBJournal-Fitch Ratings has revised the Outlook on Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the...

FX reserves drops by $47.33 million, Naira gains in the forwards...

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SAT, 26 SEPT, 2020-theGBJournal-Nigeria’s FX reserves recorded its first weekly decline in five weeks, falling by USD47.33 million w/w to USD35.77 billion. Across the...

Markets: Bullish bias for bond as CBN prepares to offer N145.00...

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TUE, 22 SEPT, 2020-theGBJournal-The domestic bourse closed higher on the back of interest in MTNN (+2.4%), thus the ASI advanced by 0.3% to 25,654.90...

Central Bank of Nigeria slashes Monetary Policy Rate to 11.5%

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By Charles Ike-Okoh TUE, 22 SEPT, 2020-theGBJournal-The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) to 11.5% from 12.5%, signalling the...

Central Banking beyond the normal

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By Arize Nwobu TUE, 22 SEPT, 2020-theGBJournal-In accordance with how central banks in developing countries should operate, the Central Bank of Nigeria (CBN) is making...