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Ecobank: Analysts Keep Eyes on Dividend Decision, Group Raised N300 Bln After a strong recovery from the earnings downturn, Ecobank Transnational Incorporation (ETI) has seen significant improvement in its profitability…
DMO to Auction N150 Billion FGN Bonds Midweek The Debt Management Office (DMO) will offer N150 billion Federal Government of Nigeria (FGN) bonds in two separate classes next week for…
Equity Investors Gain N69 Bln as Nigerian Bourse Rallies Equity investors see N69 billion gain on Thursday as shares appreciate following buying interest in mid to large-cap stock, thus sustaining…
Traders See Steady Yields after Auction Spot Rate Bumps The fixed income market remains its cautious trading record on Thursday as traders see yield curves staying relatively flattish after spot…
Bad Fuel: Reps ask NNPC to Suspend Importers The House of Representatives has ordered full investigations into the importation of adulterated fuel, also known as Premium Motor Spirit (PMS) into…
Nigeria’s Crude Oil Production Rises to 1.398 Mbpd The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.398 million barrels per day…
Airlines Warned over Flight Delays, Cancellations Irked by incessant flight delays in the Nigerian aviation sector, the Joint National Assembly Committee on Aviation on Thursday cautioned airline operators against delays…
Africa on Track to Control COVID-19 Pandemic – WHO Following its latest assessment, World Health Organisation (WHO) says Africa is on track to control the COVID-19 pandemic in 2022 if…
CBN Announces Plan to Stop FX Sales to Banks The Central Bank of Nigeria (CBN) has indicated a plan to stop selling dollars and other foreign currencies to banks as…
MTN Nigeria N89.999bn Unsecured Bonds Rated AAA (NG) GCR Ratings has assigned a national scale long term Issue rating of AAA (NG) to MTN Nigeria Communications Plc.’s N89.999bn Series 2…
NGX Sheds N45bn as Investors Dump Large-Cap Stocks The Nigerian Exchange (NGX) sheds N45 billion as trading activities at the local bourse closed negative after equity investors dumped large-cap stocks.…
FMDQ Welcomes Providus Bank ₦100bn Commercial Paper FMDQ Exchange has accepted Providus Bank Limited N100 billion commercial paper on the platform, according to a statement issued on Friday. According to…
Fitch Rates BOI Senior Note Participation Notes ‘B (EXP)’ Fitch Ratings has assigned Bank of Industry Limited’s (BOI) senior note participation notes an expected long-term rating of ‘B (EXP)’, affirmed…
Equity Analysts Adjust Flour Mills of Nigeria Valuation Ahead of the conclusion of its acquisition of rival foods producer, Honeywell Flour Mills , equity analysts at Pan African Capital Holdings…
Presco’s N30bn Unsecured Bond Gets Indicative Rating GCR Rating has assigned a national scale long term indicative rating of A-(NG) (IR) to Presco Plc.’s proposed up to N30 billion Series…
MTNN Dividend Payment Jumps 40% after Earnings Beat Following an earnings beat in the financial year 2021, MTN Nigeria Plc with Ticker: MTNN raised dividend payment to shareholders by 40%,…
Moody’s Downgrades Ghana, Bonds over Liquidity, Debt Challenges The global rating agency, Moody’s Investors Service, has downgraded the Government of Ghana’s long-term issuer and senior unsecured debt ratings to Caa1…
Reliance Health Raises $40m in Series B Led by General Atlantic Reliance Health, an emerging markets-focused digital healthcare provider, today announced the completion of a $40M Series B funding round…
Equity Market Sheds N41bn as Investors Book Profit The equity market sheds N41 billion on Monday as investors’ book profit in the first trading session despite earnings release by listed…
Bond Yield Falls as Traders Buy Short, Sell Mid-Tenor Notes The average yield on Federal Government of Nigeria (FGN) bonds was mixed on Monday as sell pressure was witnessed on…
