Will Naira gain on higher interest rates?
Governor of the Central Bank of Nigeria, Olayemi Cardoso says efforts must be sustained to achieve a positive interest rate. Are the current interest rates high enough to sustain naira gain and…
Nigerian fixed income and FX markets watch
Traders say the Naira depreciated at the I and E window by 14 basis points to 362 Naira, 39 kobo while parallel market rates remained flat at 360 niara. Adamma Mbachu, Head…
Nigerian bond yields rebound from 3-month low
The Central Bank of Nigeria offered 88.86 billion naira in today's Primary Market Auction. Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa to review today’s trade at the fixed income and…
Why MTN listing will be a game changer for Nigeria
MTN Group goes ahead with its Nigerian listing today with the price set at 90 naira. Joining CNBC Africa for more on the listing is Lanre Buluro, Director of Chapel Hill.…
Ending Naira abuse
The naira is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Nigerian Federation. It controls…
Nigeria’s senate approves N8.9trn budget
Nigeria’s Senate approved the country’s 2019 budget on Tuesday, hiking the government's spending plan to 8.9 trillion naira after increasing the expenditure on security.…
Sterling Bank reports rise in full-year profit
Nigerian Tier-2 lender, Sterling Bank reported a 15 per cent rise in its full-year profit after tax to 9.2 billion naira. Abubakar Suleiman, Managing Director and CEO of Sterling Bank join CNBC…
Nigeria’s rising debt profile worries senators
Nigerian senators warned of the country's rising debt profile as they debated on the 8.83 trillion naira 2019 appropriation bill.…
Why the naira has remained stable despite election pressure – ABCON
The naira has remained stable both at the official and parallel markets despite several odds facing the currency ahead of the elections in Nigeria; that's according to Aminu Gwadabe, President of the…
Naira depreciates on the investors & exporters window
The naira depreciated in the Investors and Exporters Window last week, losing N1.26 naira to close at N362.58 naira to the greenback. Lekan Olabisi, FX Dealer at GT Bank joins CNBC Africa…
2019: Nigeria may get new name, currency if…
Justice Must Prevail Party has announced plans to change the name Nigeria and the currency Naira if it emerges victorious in the 2019 general election.…