Tag: naira

TUE 15 FEB, 2022-theGBJournal- The overnight lending rate contracted by 133bps to 1.9%, as the inflow from OMO maturities (NGN135.90 billion) boosted system liquidity. The...

SAT 12 FEB, 2022-theGBJournal- Nigeria’s FX reserve sustained its decline as the Central Bank of Nigeria (CBN) maintained its interventions in the FX market....

THUR 10 FEB, 2022-theGBJournal- The NGX sustained yesterday’s positive trading, as the All-Share Index advanced by 0.3% to 47,286.34 points. Today’s performance was supported...

THUR 10 FEB, 2022-theGBJournal- The Nigerian economy has recovered substantially from the recession induced by the COVID-19 pandemic, and some analysts has forecast further...

WED 09 FEB, 2022-theGBJournal- The overnight lending rate declined by 242bps to 2.8% in the absence of any significant funding pressure on the system. Trading...

TUE 08 FEB, 2022-theGBJournal- The Treasury bills secondary market traded with bullish sentiments, as the average yield declined by 7bps to 4.3%. Across the...

MON 07 FEB, 2022-theGBJournal- The Nigerian equities market started the week’s trading on a negative note as profit-taking witnessed in MTN (-0.7%) caused a...

SAT 05 FEB, 2022-theGBJournal- The Nigerian equities market mirrored the bullish trend across global stocks, as investors continued to cherry-pick stocks with attractive dividend...

SAT 05 FEB, 2022-theGBJournal- Nigeria's FX reserves sustained its descent as it closed lower by USD136.84 million w/w, to USD39.98 billion (3rd February 2022)....

THUR 03 FEB, 2022-theGBJournal- The overnight lending rate contracted by 25bps to 1.0%, in the absence of any significant funding pressures on the system. The...