English>
Your daily Naira exchange rate

Market News

Nigeria’s Sterling Bank Plans $400 Million Capital for Expansion - BLOOMBERG

JULY 16, 2025

Sterling Financial Holdings Co. aims to raise $400 million of capital in phases through multiple instruments and currencies to fund the Nigerian lender’s expansion.

It will use the proceeds for “long-term ambition to strengthen capital, deepen market presence and support sustainable growth,” Abubakar Suleiman, chief executive officer for its Sterling Bank unit, said by phone.

MARKET NEWS

July 16 Markets bet on August interest rate cut despite surprise inflation jump - YAHJOO FINANCE July 16 Gold Edges Up as Trade War Concerns Support Haven Appeal - BLOOMBERG July 16 Egypt Finance Minister expects combined IMF review to be completed by October - REUTERS July 16 UK inflation rises unexpectedly to 3.6% driven by food and fuel prices - THE GUATRDIAN UK July 16 Dollar edges down versus euro and yen, tariff driven inflation in focus - REUTERS July 16 Co-op boss admits all 6.5m members had data stolen in cyber-attack - THE GUARDIAN July 16 Battered dollar a boon for U.S. multinational companies - REUTERS July 16 Pound rises after UK inflation blow - BLOOMBERG July 16 Treasury Yields Hold Near Month High as Traders Await Producer Price Data - BLOOMBERG July 16 Central banks ramp up buying at euro zone bond sales - REUTERS July 16 Barclays fined £42m by watchdog over money laundering checks - P.A.MEDIA July 16 Naira Value Rises To 4 -Month High, Sells At N1,518/$1 - LEADERSHIP July 16 Nigeria’s Sterling Bank Plans $400 Million Capital for Expansion - BLOOMBERG July 16 Sterling edges higher versus dollar as investors await jobs data - REUTERS July 16 UK inflation unexpectedly rises in June on higher fuel prices - YAHOO FINANCE July 16 Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar - REUTERS July 16 Oil Slides for Third Day as Traders Wait for US Inventory Data - BLOOMBERG July 16 Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons - NAIRAMETRICS July 16 CBN reforms drive naira recovery, restore card use abroad - THE NATION July 15 Inflation accelerates in June as investors eye tariff-related price increases - YAHOO FINANCE July 15 Oil prices down as Trump's deadline for Russia eases supply fears - July 15 US inflation rose in June as Trump’s tariffs start to show in prices - THE GUARDIAN July 15 UBS sees ’a further slowing in U.S. economic growth’ in second half of 2025 - INVESTING.COM July 15 Bank of England unveils shake up of financial crisis banking rules - CITY.A.M July 15 Dollar hits 15-week high against yen as consumer prices gain - REUTERS July 15 Pound edges up ahead of US data and Bailey speech - REUTERS July 15 Russian rouble, stock market gain after Trump's statement on Russia - REUTERS July 15 Gold Climbs as Market Digests Mixed US Messages on Trade Talks - BLOOMBERG July 15 Dollar’s Slide Imperils Earnings for Large-Cap European Firms - BLOOMBERG July 15 BoE delays Basel bank trading rule to 2028 - REUTERS

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2025 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics