Money Market

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Naira plunges to 440 as dollar inflow drops

26/9/2016/Punch Oyetunji Abioye The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level. The local… Read more »

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Rating Actions On Nigerian Banks Reflect Sovereign Downgrade and Weakened Economic Environment

Culled—-Proshare September 23, 2016/ S & P Global Ratings Overview Nigeria’s economy has weakened more than we expected, owing to a marked contraction in oil production, a restrictive foreign exchange… Read more »

Update

Banking sector profit falls by 28% – Report

September 23, 2016/Punch Oyetunji Abioye The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The… Read more »

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