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JenneteUgo Anya
- September 24, 2024
FMDQ Approves TrustBanc Holdings’ ₦20bn NICP Programme
TrustBanc Holdings Limited has achieved a significant milestone in Nigeria’s financial services industry, securing approval from FMDQ Securities Exchange for its pioneering ₦20 billion Non-interest Commercial Paper (NICP) Programme. This innovative programme, structured under the Sharia-compliant Al-Wakalah Bi Al-Istithmar (Investment Agency Structure), marks a breakthrough in non-interest financial solutions in the country. The NICP […]
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- August 6, 2024
CBN To Implement FX Dutch Auction System To Stabilise Market
In a strategic move to address the persistent foreign exchange (FX) fluctuations in Nigeria’s forex market, the Central Bank of Nigeria (CBN) has announced the introduction of a Retail Dutch Auction System. The system is scheduled to commence on Wednesday, 7 August 2024. This decision comes in response to the significant increase in demand for […]
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- July 23, 2024
Corporates Pull Back From Capital Market As Debt Costs Soar
In response to a series of aggressive interest rate hikes by the Central Bank of Nigeria (CBN), Nigerian corporates have significantly scaled back their participation in the capital market. Between January and May 2024, the CBN raised the monetary policy rate (MPR) by an unprecedented 750 basis points, pushing it to 26.25 percent. This surge […]
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