MPC: Analysts Expect CBN to Keep Policy Rates
MPC: Analysts Expect CBN to Keep Policy Rates Ahead of the monetary policy committee meeting scheduled for the week, a slew of analysts is expecting the Central Bank of Nigeria…
Nigerian Economy Recovering from Historic Downturn –IMF
Nigerian Economy Recovering from Historic Downturn –IMF The Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance, the International…
Lagos State N125bn Bonds Issuance Gets Indicative Rating
Lagos State N125bn Bonds Issuance Gets Indicative Rating GCR Ratings has accorded an indicative long term credit rating of A+ (NG) (IR) to Lagos State Government’s proposed N125 billion Series…
ACCESS, ETI, GTCO, NB, and UBA Drive Midday Loss
ACCESS, ETI, GTCO, NB, and UBA Drive Midday Loss The equity market is currently trading on a bearish note following contractions in AIICO (-0.77%), NB (-0.95%), FCMB (-0.99%), ACCESS (-1.10%),…
Lawmakers Move to Punish AMCON Debtors over N4.4trn Debt
Lawmakers Move to Punish AMCON Debtors over N4.4trn Debt In a move to deal with recalcitrant obligors, the Nigerian lawmakers are now considering punitive measures against top debtors on the…
Stocks Edge Lower as Investors Maintain Selloffs
Stocks Edge Lower as Investors Maintain Selloffs Closed lower on Friday, the Nigerian stocks tumble as equity investors maintain selloffs for third consecutive trading sessions in the week. Consequent to…
Fixed Income Market Yields Steady after OMO Bills, Bond Auctions
Fixed Income Market Yields Steady after OMO Bills, Bond Auctions Fixed income market yields closed steady on Friday as the average yield on open market operations (OMO) bills ended flattish…
Africa Watch: Eyes into Malawian Economy, Foreign Exchange Market
Africa Watch: Eyes into Malawian Economy, Foreign Exchange Market The Malawian Kwacha continues to perform strongly against currencies of major trading partners given the lean season, sheds less than 7%…
FBNH: LeadWay Not in Breach of Investment Regulation – PenCom
FBNH: LeadWay Not in Breach of Investment Regulation – PenCom The National Pension Commission (PenCom) says that Leadway Pensure Ltd. is not in breach of the Investment Regulation by investing…
Ferrari Releases High Octane Daytona SP3 for Ultra-Wealthy
Ferrari Releases High Octane Daytona SP3 for Ultra-Wealthy Ferrari launches its latest high octane model, the Daytona SP3, which ends a long wait by lovers of its Icona-series cars, although…
IMF Tasks Nigeria on FX Reform, Wants CBN Act Modernise
IMF Tasks Nigeria on FX Reform, Wants CBN Act Modernise The International Monetary Fund (IMF) has tasked the Central Bank of Nigeria (CBN) with the adoption of a market-clearing foreign…
Treasury Bills Yield Prints at 5.14%, Naira Steadies Again
Treasury Bills Yield Prints at 5.14%, Naira Steadies Again Treasury bills secondary market trades quietly albeit with bullish bias midweek as yield prints at 5.14% following a basis points decline…
Airtel Money Gets Second Closing Injections from TPG, QIA, Mastercard
Airtel Money Gets Second Closing Injections from TPG, QIA, Mastercard Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today…
Oil Rises as Nigeria Expects Output Issues to End in December
Oil Rises as Nigeria Expects Output Issues to End in December Oil rises Tuesday as Nigeria sees end to output issues by the end of December 2021, according to Mele…
MTN Nigeria Lists N110 Billion Bond on FMDQ Exchange
MTN Nigeria Lists N110 Billion Bond on FMDQ Exchange MTN Nigeria Plc has listed N110 billion bonds on the FMDQ Exchange platform, the company said in a statement on Tuesday.…
FMDQ Registers DLM Capital N20 Billion Commercial Paper
FMDQ Registers DLM Capital N20 Billion Commercial Paper FMDQ Exchange has announced the registration of DLM Capital N20 billion commercial paper on its platform, according to a statement. DLM Capital…
COVID-19: Lawmakers Intervene in Diplomatic Row between Nigeria, UAE
COVID-19: Lawmakers Intervene in Diplomatic Row between Nigeria, UAE The Nigerian lawmakers on Tuesday resolved to intervene in the diplomatic row between Nigeria and the United Arab Emirates (UAE) following…
NGX Gains N112 Billion as Airtel, UBA Lead Fresh Rally
NGX Gains N112 Billion as Airtel, UBA Lead Fresh Rally Nigerian Exchange (NGX) gains N112 billion on Tuesday as Airtel, UBA and other big names in the industries lead the…
T-Bills Yield Dips Ahead of Bond Auction as Naira Steadies
T-Bills Yield Dips Ahead of Bond Auction as Naira Steadies Ahead of Debt Management Office bonds auction on Wednesday, the average yield on Nigerian Treasury Bills slowdown 3 basis points…
N20bn Bailout: Kogi Assembly Extends Ultimatum for Sterling Bank MD
N20bn Bailout: Kogi Assembly Extends Ultimatum for Sterling Bank MD The Kogi Assembly has extended its ultimatum for Sterling Bank Plc. Managing Director, Mr Abubakar Suleiman to appear before it…