Naira makes huge recovery, trades at N1,142/dollar at official market
The Naira on Friday gained huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that…
Nigeria caps FX position for banks, dollar bonds drop
Jan. 31, 2024 Nigeria’s central bank announced limits on how much banks can hold in foreign currencies on Wednesday and expressed concern about the growth of forex exposures on their…
FITCH UPGRADES LAGOS RATINGS TO AAA, ATTESTS TO ITS GOOD STANDING AND RESILIENCE
Sept. 14, 2021 Fitch Ratings, an Internationally renowned rating agency, in its recent publication outlining the standing of the State has upgraded Lagos State ratings from AA+ (nga) to AAA(nga)…