Tag: Central Bank of Nigeria
Fitch revises Nigeria’s outlook to stable, affirms at ‘B’
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...
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...
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%
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
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...
FX reserves rises to $35.81 billion but market still doubt CBN’s...
SAT, 19 SEPT 2020-theGBJournal-Nigeria’s FX reserves grew by USD39.52 million w/w to USD35.81 billion, despite the CBN’s intervention across the various foreign exchange windows....
Equities fall on profit taking, with All-Share Index closing 0.2% lower,...
WED SEPT 16, 2020-theGBJournal-Profit taking continued today in the domestic equities market, with WAPCO (-3.7%) and Tier I bank stocks weighing down the bourse....
Central Bank of Nigeria rolls out fresh financing package for solar...
MON SEPT 14, 2020-theGBJournal-The Central Bank of Nigeria (CBN), today announced a new intervention facility, the Solar Connection Intervention Facility, and framework for the...
Equities gain 0.1% to close 25,605.59 points, naira crashes 1.1% to...
MON SEPT 14, 2020-theGBJournal-Stocks started the week on a positive note after domestic equities market finished a volatile week lower.
During Monday’s trading, buying interest...
Analysis: CBN’S FX rationing, uncertainty pressure Foreign Portfolio Investment
SAT, SEPT 12, 2020-theGBJournal-Second-quarter data on foreign capital inflows to Nigeria reveals the depth of the decline caused by the COVID-19 pandemic and consequent...
