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Finance
167 posts
Central Bank of Nigeria Modifies Rules for Discount Window and OMO Participation
The Central Bank of Nigeria has eased certain restrictions on Discount Window access while maintaining specific limits on OMO auction participation.
NGX market value drops by N1.17 trillion as growth streak ends
Investors on the Nigerian Exchange saw N1.17 trillion wiped off their holdings on Tuesday as the market ended a four-day winning streak.
Nigerian Naira exchange rate updates for August 11, 2026: Official market dip following previous gains
The Naira weakened in the official foreign exchange market on Tuesday, slipping to N1,364.89 per dollar despite a slight improvement in the black market and rising foreign reserves.
NGX Market Ends Winning Streak with N1.17 Trillion Decline
The Nigerian Exchange experienced a downturn on Tuesday, wiping out N1.17 trillion in market value as sell-offs interrupted a four-session period of growth.
Zedcrest Group Hosts Investors to Address Modern Global Financial Challenges
Zedcrest Group held its 2026 Investors Conference in Lagos to discuss how market participants can thrive amidst the complexities of a globally integrated economy.
Protecting Investor Funds is Primary Post-Listing Hurdle, Says AVA Capital CEO
AVA Capital CEO Kayode Fadahunsi identifies protecting investor capital as the firm's top priority following its recent debut on the Nigerian Exchange.
Finance Minister Challenges NAICOM Over Insurance Recapitalization Charges
Finance Minister Taiwo Oyedele has questioned NAICOM regarding additional fees and escrow mandates imposed on insurance companies during the ongoing recapitalization process.
Lawmakers and NDIC Collaborate to Enhance Depositor Safeguards Post-Recapitalization
Nigerian lawmakers and the NDIC are collaborating to bolster banking sector safety and depositor protection following the completion of recent industry-wide recapitalization.
August 11, 2026: Official and Parallel Market Naira Exchange Rates
On August 11, 2026, the naira traded at ₦1,368 in the official market while the parallel market rate reached ₦1,405, reflecting a stable spread of roughly ₦37.
Nigerian Naira Shows Strength Against Dollar on August 10, 2026
The naira strengthened against the dollar in official markets on August 10, 2026, while remaining stable in the parallel market.