Naira

 Transactions on the Nigerian Stock Exchange (NSE) on Friday closed for the week on a bearish note with the market indicators dropping by 0.03 per cent due to persistent profit taking. The market capitalisation lost three billion naira or 0.03 per cent to close at N11.751 trillion against N11.754 trillion posted on Thursday. Similarly, the… […]Read More

First Bank Holding Company posted an 8.7 percent rise in its first quarter pretax profit to 26.94 billion naira ($135.38 million) after booking higher lending income. Interest income increased to N95.3 billion compared with N81.47 billion a year ago, the bank said in a filing with the Nigerian Stock Exchange…. This content is for Bronze, […]Read More

Nigeria’s overnight lending rates halved to an average 6 percent on Friday from 12.25 percent last week after central bank retired large matured bonds and treasury bills in the week, boosting liquidity in the market, traders said. However, a technical glitch that hit the central bank’s trading platform hindered major fund transfers and placement in […]Read More

Following the rising trend of non-performing loans (NPLs) in the banking industry, the Central Bank of Nigeria (CBN) has ordered deposit money banks and discount houses to crack down on delinquent debtors. The banking industry’s volume of NPLs increased by N38.05 billion or 13.30 percent from N286.09 billion in December 2012 to N324.14 billion in… […]Read More