MTN Nigeria Communications Plc, yesterday signed of a N127 billion Series 1 & 2 (CP) under its registered N150 billion Programme. The Issuance consisted of two tenors – a 184-day series issuance priced at a 7.50%...
FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing public of the resignation of Remi Babalola, its chairman and non-executive director. This is contained in the statement on investors’ relations signed by...
The Central Bank of Nigeria, CBN, has approved the appointment of Ahmad Abdullahi as non-executive director of First Bank Holding Plc and chairman of the company to replace Mr Remi Balalola. Babalola resigned yesterday for reasons...
Naira depreciated to a new low against the U.S. dollar at the official market on Friday. Data from the FMDQ securities exchange window where forex is officially traded, showed that naira closed at N414.90 per...
Vice President Yemi Osinbajo has charged the nation’s financial market experts to collaborate with government with a view to tackling Nigeria’s housing problem by developing appropriate housing scheme model which will significantly transform the housing...
The Naira continued its plunge at the parallel market on Tuesday. According to abokiFX.com, a website that collates the parallel market rates in Lagos, the local unit closed at N557.00 per $1, a N2.00 or 0.20...
Naira continued its free fall yesterday going for N545.00/$1 at the parallel market, representing a N5.00 or 0.93 per cent devaluation from N540.00 it traded on Thursday. Also, the local currency fell against the U.S dollar...
The Naira yesterday plummeted to N543/$ at the black market, stoking fears about forex supply. Similarly, the domestic currency fell against the U.S. dollar at the official Investors and Exporters (I&E) window as the foreign...
The Naira extended its slide against the dollar on Wednesday, dropping to a new all-time low of N535 to the US dollar at the parallel market in Lagos. The naira has been falling steadily since the...
The Naira fell against the U.S. dollar at the unofficial market on Monday, at N532.00 per $1, the lowest it ever traded at the black market. It traded N530.00 in the past two trading sessions (Thursday...