Money Market The average money market rate rose significantly by 13.56% to settle at 15.50% from 1.94% in the previous week. The Open Buy Back (OBB) rate increased significantly to close at 14.50% compared to 1.63% in the previous week while Overnight rate (OVN) closed at 16.50% compared to 2.25% the previous week. The constraint …
Anchoria Fixed Income Monitor: Bullish Sentiment in the Bond Market Read More »
Last week Friday, VBank, a digital banking revolution and Nigeria foremost virtual Bank, gave out N400,000 to 9 lucky Nigerians for participating in the ‘’Win With V’’ competition on VBankng Live on Instagram. The competition anchored by Mai Atafo is held every Friday and designed to reward VBank’s customers both home and abroad as well …
9 Lucky Nigerians Win N.4million in VBank’s ‘Win With V’ Competition Last Week Read More »
Investing in the future has been made easier more than ever before, thanks to Anchoria Asset Management (AAM), a specialist provider of active investment products and services to institutional and individual clients headquartered in Lagos In its bid to grow wealth and encouraged Nigerians to save, Anchoria Asset Management declared that with just N5,000 and …
INVESTMENT WATCH: Where to Invest N5,000 Right Now Read More »
President Muhammadu Buhari on Thursday has directed the Central Bank of Nigeria, CBN to suspend forex for the importation of food items and fertilizer. The President’s Spokesman Malam Garba Shehu, in a statement in Abuja on Thursday, said the president gave the order at a meeting of the National Food Security Council at the State …
Buhari Asks CBN to Suspend Forex for Food Items, Fertilizer Imports Read More »
In line with its promise to support businesses overcome challenges posed by the COVID-19 pandemic,
…… We must put money in peoples hands now ……N637.2B for Agric ESP to create 5m jobs ……N152.4B for Solar projects to power 5m homes, covering 25m Nigerians & creating 250,000 jobs ……N217.3B for 300,000 Mass Housing, & 1.5m jobs ……N52B Public Works for 774,000 jobs …….N100B to create half a million MSMEs jobs Though …
Ministerial Retreat: N2.3trn Stimulus Package Must Be Implemented Quickly, VP Osinbajo Read More »
Japanese billionaire, Yusaku Maezawa says he lost 4.4 billion Yen (about $41.4 million) trading stocks amid volatile swings triggered by the pandemic As a result, Maezawa’s net worth dropped by about $215 million to $3.5 billion this year according to Bloomberg-compiled data. The founder and former chief executive of online fashion retailer Zozo who is …
Japanese Billionaire Yusaku Maezawa Says Ignorance in Equities Trading Cost Him $41m Read More »
A Report led by Novartis Foundation and Microsoft has suggested that Low- and middle-income countries could soon leapfrog high-income countries in their adoption of new AI-enabled technologies in health. The reports revealed that technologies such as mobile phone trading platforms, e-banking, e-commerce, and even blockchain applications have often been adopted faster and more comprehensively in …
….. Says Credit is expected to rise further in Q3 2020. The Central Bank of Nigeria, CBN, has revealed that the availability of secured credit to households increased from -36 percent in the first quarter of 2020 to -7.4 percent by the second quarter of 2020 (Q2). This was according to the apex bank’s Credit …
Following the resumption of forex sales to BDCs in the country, the Naira appreciated in the parallel market from N478/$ to N441/$ week-on-week, representing a fall of 7.74 percent At the Investors and Exporters (I&E) forex window, the market closed the week with an indicative rate of N386.13, which is an appreciation of N0.46k when …
NAIRA WATCH: Naira Appreciates to N441/$ in Parralel Market Week-on-Week Read More »
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