Attacq Faces FX Hurdles With Ikeja City Mall Disposal
Attacq Faces FX Hurdles With Ikeja City Mall Disposal South Africa Company, Attacq Limited said it has extended the implementation of Ikeja City Mall disposal deal to June 2022 due…
MAAN Lauds Unity Bank for Supporting Maize Farmers
MAAN Lauds Unity Bank for Supporting Maize Farmers Nigerian maize farmers under the auspices of Maize Farmers Association of Nigeria, MAAN have commended Nigeria’s Agric-focused lender, Unity Bank Plc for…
United Capital Approves N9bn Dividend for 2021
United Capital Approves N9bn Dividend for 2021 United Capital Plc, a financial services group, says its board of directors has approved a total dividend of N9 billion for the financial…
Oil Falls as EU Excuses Russia’s Crude from Sanctions
Oil Falls as EU Excuses Russia’s Crude from Sanctions Oil traded lower early on Friday, falling for a second session as the European Union decided to back off from banning…
Gold Slides as Safe Haven Buying Moderates
Gold Slides as Safe Haven Buying Moderates Gold prices fell early on Friday as investors looked to add risk, cutting the safe-haven buying that supported prices despite rising US interest…
U.S Dollar Weakens Against Major Trading Partners
U.S Dollar Weakens Against Major Trading Partners The U.S dollar was weaker against its major trading partners early Friday ahead of the release of the final Michigan Sentiment index for…
Tesla Recalls 947 Vehicles over Rearview Image Display Error
Tesla Recalls 947 Vehicles over Rearview Image Display Error Tesla Inc. is recalling 947 vehicles in the United States because the rearview image may not immediately display when they begin…
U.S Treasury Sanctions Six People for Funding Boko Haram
U.S Treasury Sanctions Six People for Funding Boko Haram Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a network of six individuals connected to…
Stablecoins Grow 15% to $187 Billion in 3-Month
Stablecoins Grow 15% to $187 Billion in 3-Month In less than three months in the year 2022, stablecoins, a type of cryptocurrency that relies on a more stable asset as…
FX Spread Widens after Banks Cut Debit Card Spending
FX Spread Widens after Banks Cut Debit Card Spending Foreign Exchange spreads – the difference between official and parallel market rates – widen this week after deposit money banks told…
NASD Falls as Providus Bank Delists, Niger Delta Exploration Dips
NASD Falls as Providus Bank Delists, Niger Delta Exploration Dips NASD over-the-counter (OTC) loses N4.25 billion during the trading session this week as investors dump unlisted companies’ stock that sees…
Unity Bank, NASME to Empower Women Owned MSMEs
Unity Bank, NASME to Empower Women Owned MSMEs Unity Bank Plc is collaborating with the Nigerian Association of Small and Medium Enterprises (NASME) in a partnership, with the aim of…
FBNQuest Taps Commercial Paper Market, Registers N100bn
FBNQuest Taps Commercial Paper Market, Registers N100bn FBNQuest Merchant Bank taps the commercial paper market as the company registers a N100 billion programme on the FMDQ Exchange platform, according to…
FGN Eurobond, T-Bills Yields Crashing, Naira Steadies
FGN Eurobond, T-Bills Yields Crashing, Naira Steadies The rising headline inflation rate continues to pepper the quality Naira assets further as the average yields on fixed interest rate instruments crash,…
Barging Hunting in Value Stocks Boosts Nigerian Bourse
Barging Hunting in Value Stocks Boosts Nigerian Bourse Buying interest in some value stocks lifted the Nigerian Exchange (NGX) upward by about N13 billion after a two day losing streak…
U.S Fed Hikes Interest Rates 0.25%
U.S Fed Hikes Interest Rates 0.25% The United States (U.S) Federal Reserve (Fed) on Wednesday raised its benchmark lending rate for the first time since 2018, citing continued inflation pressures…
Dollar Falls Ahead of Fed Rate Hike
Dollar Falls Ahead of Fed Rate Hike The US dollar was lower against its major trading partners early Wednesday, except for the Japanese yen, heading into the highly-anticipated March Federal…
LFZC Funding SPV Infrastructure Bonds Get AAA(NG)(IR)
LFZC Funding SPV Infrastructure Bonds Get AAA(NG)(IR) GCR Ratings has assigned a national scale long term indicative Issue rating of AAA(NG)(IR) to Lagos Free Zone Company (LFZC) Funding SPV Plc.’s…
Naira Trades at N416.50 as CBN Caps FX Spending Limit
Naira Trades at N416.50 as CBN Caps FX Spending Limit Naira appreciates 0.04 per cent to N416.50 on Friday at investors and exporters’ foreign exchange (FX) window as the Central…
FirstBank Rewards Customers N50m in Verve Card Campaign
FirstBank Rewards Customers N50m in Verve Card Campaign FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed…