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Investors’ and Exporters’ FX Window

Fitch Rating issues warning on profitability of Nigerian banks

Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).

Central bank injects fresh $308.5m into forex market

The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the foreign exchange (forex) market as it intervened once more yesterday with $308.5m.

Nigeria moves closer to single Naira rate

Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market.

Recent Stories

PDP: INEC released excess result sheets to encourage rigging

The Peoples Democratic Party in Ekiti State on Sunday accused the Independent National Electoral Commission in the state of providing for electoral fraud in last Saturday’s rescheduled presidential and National Assembly elections by releasing excess polling units result sheets, Form EC8A.

Katsina donates N500,000 to parents of deceased corps member

The Katsina State government has donated the sum of N500,000 to the parents of a corps member, Ibrahim Shehu Zango, who died recently in a ghastly motor accident.

Catholic bishop urges Nigerians to keep faith with INEC

Bishop Paulinus Ezeokafor of the Catholic Diocese of Awka, has called on Nigerians to adjust to the inconveniences that the shift in the dates for the conduct of the general elections would cause them.

3000 dump PDP for APGA in Anambra

Over 3,000 members of the People’s Democratic Party (PDP) in Anambra South Senatorial zone at the weekend dumped the party for the All Progressives Grand Alliance (APGA).
Samuel Umtiti Barcelona

Samuel Umtiti set for Barcelona return against Lyon

Samuel Umtiti is set to make his long-awaited return from injury after Barcelona named him in the squad on Sunday to face Lyon in the Champions League.