The naira recorded a stronger performance in the past week as it closed at N1,446.74 per dollar at the official market, showing a 0.69 per cent rise compared to the …
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Nigerian Stock Market Rebounds with N986bn Gain as Investors Regain Confidence
The Nigerian stock market recorded a strong rebound last week as investors’ portfolio value rose by more than N986 billion within five trading sessions. The development marked the end of …
- Banking, Finance & InvestmentBusinessEastern AfricaEconomy
Kenya’s Central Bank Says it’s Forex Reserves remain Adequate Despite Breaching Minimum Target
The Central Bank of Kenya(CBK) has said that its forex reserves remain adequate to smooth out any volatilities despite breaching the aggregate amount of not less than the value of …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
CBN to debit banks on Thursday after CRR Raise To 32.5%
The Central Bank of Nigeria (CBN) says it will debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR) to allow for the mopping-up of liquidity. …