The rise in long-term US interest rates has become a focus of global macro-financial concerns. The nominal yield on the benchmark 10-year Treasury has increased about 70 basis points since the beginning of the year. This reflects in part an improving US economic outlook amid strong fiscal support and the accelerating recovery from the COVID-19 crisis.
The Central Bank of Nigeria (CBN) has in recent times been inundated with complaints from members of the public on the rejection of old/lower denominations of US Dollar bills by Deposit money banks (DMBs) and other authorized forex dealers.
Equities market closed today on a positive note, as NSEASI appreciated by +0.01% to close at 39,131.81 basis points as against +0.29% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.83%.
The Comptroller General of the Nigeria Immigration Service, Mr. Muhammad Babandede, (CGNIS) has directed that effective from 1 April 2021, all expatriates, including nationals of the Economic Community of West African States
A Punch report says the Central Bank of Nigeria (CBN) has moved to increase the existing fund under the Targeted Credit Facility (TCF) for households and Micro, Small and Medium Enterprises (MSMEs) from N150bn to N300bn to accommodate more affected individuals and businesses in the economy.
Nigerian Stock Market closed the month of March 2021 in the red zone as market maintained negative posture due to sell pressure which sets in to during the previous month of February 2021. The NSEASI dipped by -1.90% as against -6.16% loss recorded in the month of February 2021 while the NASD USI closed northwards with +4.64% gain recorded at the end of the month under review as against -1.58% loss in February 2021.
Continuing to build its footprint as a leading global acquirer, financial technology leader FISÂ® (NYSE: FIS) announced today that it is expanding its payment processing capabilities into the rapidly growing markets of Malaysia, South Africa and Nigeria.