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Nigeria Approves National Devt. Plan, to Spend N349 Trillion Nigeria’s Federal Executive Council (FEC) has approved the National Development Plan (NDP) for 2021 to 2025 to succeed the Economic Recovery…
Alliance to Train 5,000 Nigerian Youth in November Alliance for Youth Nigeria, a business driven movement by Nestle Nigeria, Jobberman, Sterling One foundation, Big bottling company, the United Nations global…
Digital Payment Network MFS Africa Raises $100m for Expansion MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt financing round, according to a…
Analysts See Higher Prospects as Guinness Nigeria Scaled Hurdles With a flooded beer market, Nigerian consumers are spoilt for choice as companies struggle to take larger market share amidst tightened…
Lawmakers Approve NGN7.2trn Foreign Loans Equivalent Nigerian lawmakers have approved foreign currencies borrowings from China and other foreign lenders value at more than N7 trillion, a sum derived from using…
Oil Slides as U.S Inventories Rise Against Expectations Crude oil price bump after U.S inventories unexpectedly rose as well as signs of weaker demand, Australia’s ANZ Bank said in a…
Bond Yield Slides as Investors Demand Short-Dated Instruments Federal Government of Nigerian (FGN) bond yield slides as investors demand short-dated fixed interest instruments. Average yields continue to adjust to demand…
CBN Adjusts FX Rate for FPIs to N452 for 5-Month Futures Slowly, the Central Bank of Nigeria (CBN) is moving toward unified foreign exchange rates, according to recent developments in…
Nigerian Telecom Regulator to Generate N632bn Revenue Telecommunication regulator, the Nigerian Communications Commission (NCC) says it is targeting revenue of N632.39 billion for the 2022 fiscal year. Executive Vice Chairman…
Money Laundering: Court Jails Ex-Pension Boss Abdulrasheed Maina A Federal High Court, Abuja, on Monday, convicted Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), and sentenced him to 8…
Oil Prices Edge Higher on Lack of OPEC+ Action Oil prices continued to edge higher as the lack of Organisation of Petroleum Exporting Countries and allies (OPEC+) action last week,…
Dollar Steadies Ahead of Inflation Data, Fed Officials Speak The United States dollar was only slightly changed against its major trading partners with the notable exception of the yen, ahead…
Getting Paid in Bitcoin Will Become the Norm, Says CEO Amidst unstoppable movement into the cryptoassets world, getting paid is expected to become a norm as some big names in…
Zenith Bank Gets Orders of Mareva Injunction Against Sheba Exploration Zenith Bank Plc has been granted interim orders of Mareva injunctions against Sheba Exploration and production, a company where Seplat…
AIICO Capital Gets Investment Grade Rating as AUM Grows Steady GCR Ratings has assigned AIICO Capital Limited national scale long-term and short-term issuer ratings of A-(NG) and A2 (NG) respectively;…
NGX Gains N252bn over Sustained Demand for Telecom Shares The Nigerian Exchange (NGX) rides strongly on Tuesday, gains more than N252 billion amidst heavy demand for Telecom stocks. Investors had…
Spot Rate on 364-Day T-Bills Anticipated to Fall Below 6.99% Spot rate on 364-day Treasury bills has been anticipated to fall below 6.99% at the Central Bank primary market auction…
Yield on T-Bills Steadies as Trading Activities Slowdown Ahead of Auction The average yield on Treasury bills is on rest from up and downward swings with a slowdown in trading…
Fidelity Bank Raised $400 Million Eurobond at 7.625% Fidelity Bank Plc has raised $400 million Eurobond at 7.625%, its chief executive office Nneka Onyeali-Ikpe said on her official LinkedIn page.…
Islamic Lender Jaiz Bank Posts Sky-High Earnings Growth Islamic lender, Jaiz Bank Plc, posts a sky-high earnings growth in the third quarter of the financial year 2021 despite a tough…
