July 02, (THEWILL) - The Central Bank of Nigeria (CBN), will on Monday, July 3, begin offer quotes for Naira-Settled OTC FX Futures (NSOFF), contracts with tenors ranging from thirteen (13) to sixty (60) months.
The move, the apex...
Driven by unmatched resolute domestic players who took position as fortune-hunting foreign investors fled, Nigeria’s local bourse hit the historic peak of its performance in the first half of the year (H1 2023).
At the close of the trading session...
Volkswagen is pushing for cleaner fuels in Sub-Saharan Africa out of its belief that the future of mobility is, without doubt, green and electric. And as the first automotive manufacturer to commit to the Paris Agreement, the Volkswagen Group...
SAM DIALA shows how the audacious stance of brave domestic investors lifted Nigeria’s equities market to a 15-year high after foreign investors fled in 2020.
Nigeria’s equities market recorded an outstanding performance in the first half of the year (H1-2023),...
June 30, (THEWILL) - The Bank of America has said that the Naira is now undervalued as its fair value estimate of N680/$ has been exceeded downwards, plunging the local currency into deeper devaluation as low as...
June 29, (THEWILL) - Two weeks after the Central Bank of Nigeria (CBN) announced major forex reform that culminated in the unification of the official and parallel market channels, more Nigerians in Diaspora still prefer the parallel to...
June 28, (THEWILL) - The Central Bank of Nigeria (CBN) has set a daily cumulative limit for contactless payments.
The bank, in a circular on Tuesday, defined the transaction limits for contactless payment through accounts and wallets as N15,000...
June 28, (THEWILL) - The United Bank for Africa (UBA) has unveiled its raille account opening form – a groundbreaking move to promote financial inclusivity,
According to the bank, this is the first of its kind in the Nigerian and...
June 27, (THEWILL) - The local bourse extended yesterday’s positive performance, driven by renewed interest in Transcorp which closed at N19.36 from N17.60 per share (+10%), and UBA closing at N11.60 from N11.45 per share (1.31%)
With market capitalisation...
June 26, (THEWILL) - The Naira opened the week on Monday at N768.17/$ -- stronger than it closed the previous week where it plunged to N770.17/$ on Friday, June 23.
This represents a 3 percent gain as traded volume...
