Naira Trades 845/dollar at Parallel Market Today
The naira rebounded against the United States dollar at the parallel market, closing at 850/dollar on Wednesday.
This came about two days after the Central Bank of Nigeria announced its planned intervention in the foreign exchange market.
The naira was...
Explainer: What you need to know about NNPC Ltd's $3 billion Emergency Crude Repayment Loan from Afrexim Bank
1. What is the $3 billion loan about?
The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank. This is not a crude-for-refined...
NNPC Secures $3bn Afreximbank’s Loan To Stabilise Naira
The Nigerian National Petroleum Corporation (NNPC) Limited said it had secured a $3 billion crude repayment loan to halt the further slump of Naira against the Dollar at the foreign exchange market.
The company disclosed this on Wednesday...
Nigerian Govt To Sell Stakes In NNPC, 19 Entities
The Federal Government may sell stakes in about 20 state-run companies to raise funds and improve governance in the entities.
This is according to a Bloomberg report. The Nigerian National Petroleum Corporation is among the firms the...
How Pension Funds’ Investment In Equities Rose To N1.4trn In Q1, 2023
The Net Asset Value, NAV, of Pension Fund Administrators (PFAs) investments in equities has risen by 36.6 % to N1.460 trillion at the end of first half 2023, HI’23, from N1.069 trillion in...
FG Eyes Capital Market To Achieve N100trn Assets Goal
The Ministry of Finance Incorporated, the investment vehicle of the Federal Government, has set its eyes on the capital market to raise funds as it seeks to meet its targets of having N100tn assets under management...
