Month: July 2025

Excess Liquidity in Banking System Keep Rates Lower The short-term benchmark interest rates declined in the money market due to excess liquidity level in the banking system. The liquidity balance…

Unilever Nigeria Profit Rises by 225%, Declares Interim Dividend Unilever Nigeria Plc boosted its earnings performance in the first half of 2025 as the consumer goods company grew revenue. Details…

Transcorp Power Grows Profit by 19.8%, Declares Interim Dividend Transcorp Power Plc grew profit after tax by 19.8% year on year to N44.05 billion, its financial statement filed with the…

Naira Steady after CBN Intervention, FX Reserves Hit $38.765bn The naira steadied at N1534 per US dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday following the latest FX…

CBN Raises N1.5trn from OMO Bills at Interest Rate of 23.87% The Central Bank of Nigeria (CBN) raised N1.5 trillion from its open market operations on Monday, where the authority…

Equity Investors Gain N400bn, MRS Delists from Nigerian Exchange The Nigerian equities market sustained its bullish run on Monday, gaining about N400 billion as the local bourse opened the week’s…

Lassa Fever Kills 152 in Nigeria, NCDC Says The Nigeria Centre for Disease Control and Prevention (NCDC) has reported a total of 152 deaths from Lassa fever in the first…

OMO Bills Yield Climbs to 24.70%, CBN Opens Auction Nigerian open market operation bills climbed slightly in the secondary market to 24.70% as banks and foreign portfolio investors continue to…

CBN Intervenes in FX Market as Dollar Inflow Falls by 25% The Central Bank of Nigeria (CBN) defended the local currency against the dominant US dollar as forex supply declined…

Ecobank, Access Holdings Drive Intraday Rally on NGX Ecobank, Access Holdings, and Unilever Nigeria Plc are among the early gainers driving an intraday rally in the equity market on Monday.…