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T-Bills Yield Tumbles as Banks Seek to Reinvest OMO Inflows Average yield tumbles as trading activities in the Nigerian Treasury bills secondary market ends bullish after some local banks seek…
Weak Oil Receipt Threatens FG Revenue as Tax, Import Duties Fall The federal government has been earning below expectation for the most part of the fiscal year 2021, according to…
First Bank of Nigeria Sees Rating Upgrades GCR Ratings has affirmed First Bank of Nigeria Limited’s national scale long and short-term ratings of A-(NG) and A2 (NG) respectively, with the…
Ghana: Market Conditions Stop Eurobond Plan, Local Bond Yields Peak Ghana’s effective loss of access to international markets increases risks to its ability to meet medium-term financing needs, says Fitch…
Stocks March Higher as Investors Take Position in Wema Bank Nigerian Exchange (NGX) Marched higher on Friday as equity investors gain N36.88 billion after a seesaw movement during the week.…
Coronation Insurance Pays N 4.16 Billion Claims Coronation Insurance Plc paid claims of N4.16 billion for the third quarter (Q3) ended Sept. 30 compared with N2.74 billion paid in the…
Indigenous Companies Invest $10 billion in Oil, Gas Production The Independent Petroleum Producers Group (IPPG) says its members have invested about $10 billion in oil and gas production in Nigeria…
FG Seeks Collaboration for Effective Deployment of 5G The Minister of Communications and Digital Economy of the Federal Republic of Nigeria, FG, Prof. Isa Pantami, has urged stakeholders of the…
Paris Club Debt: Court stops FG from Deducting State Govts. Monies A Federal High Court, Abuja, on Friday, restrained the Federal Government from deducting monies accruing to the 36 states…
Oil Prices Rollback Amidst Pressures on Demand Outlook Oil prices lost more than 3% this week ahead of the Organisation of Petroleum Exporting Countries and allies (OPEC+) production volume decision…
Moody’s Downgrades Dangote Cement, Says Upgrade Unlikely Moody’s Investors Service has today downgraded Dangote Cement Plc long term corporate family rating to B2 from B1, the national scale long term…
CBN Spends on Naira Notes Printing Largely Misunderstood The total amount spent by the Central bank to print Naira notes in 2020 was largely misinterpreted due to some lousy headlines.…
Naira Rises as Analysts Anticipate Devaluation at Investors Window Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively…
Yield Dips as Appetite for Long-dated T-Bills Rises The average yield in the secondary market dips on Thursday as Investors appetite for longer duration Treasury bills rises after quiet activities…
FG Pledges 100% Ownership to Investors in Minning Sector Olamilekan Adegbite, the Minister of Mines and Steel Development (MMSD), has called on foreign investors to invest in Nigerian mining to…
Nigeria’s Debt Office to Raise N250 Billion from Sovereign Sukuk Towards financing infrastructure deficit in the country, Debt Management Office has announced a plan to issue another Sovereign Sukuk in…
Yield Rises Moderate as Nigerian T-Bills Trades Quiet Average yield on the Nigerian Treasury bills in the secondary market sees a moderate uptick on Tuesday as the fixed income market…
Moody’s Affirms African Development Bank AAA Rating Moody’s Investors Service has affirmed the African Development Bank’s Aaa long-term issuer and senior unsecured ratings, noting that the outlook remains stable. In…
Sub-Saharan African Sovereigns Start Recovery, Says Fitch Sub-Saharan African (SSA) sovereign has started recovery, Fitch said in a new rating action. After an unprecedented number of downgrades in 2020 in…
Nigeria Needs $1.5tn to Close Infrastructure Gap in 10 Years -Buhari President Muhammadu Buhari says $1.5 trillion is needed by Nigeria over a ten-year period, to achieve an appreciable level…
