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Investors Lost N19.80 Billion as Local Bourse Relapsed Equity investors on the Nigerian Exchange (NGX) lost N19.80 billion mid-week as the local bourse relapsed again. Trading statistics shows that Investors…
Oil Dips Ahead of OPEC+ Meeting, Rising U.S Crude Inventories Oil prices were down mid-week ahead of the Organisation of Petroleum Exporting Countries and allies meeting on Thursday amidst rising…
U.S Stocks React as Fed Announces Bond-Buying Tapering United States (U.S) stocks soared to new records Wednesday as the Federal Reserve said it will start scaling back its monthly asset…
Lower Trading Actions Keep Yield on T-Bills Steadies Lower trading actions in the secondary market keeps average yields on Nigerian Treasury Bills steadies midweek as Debt Management Office plans N250…
How Will Bitcoin Prices React to Central Banks’ Reviews? Bitcoin and other major cryptocurrencies are likely to jump this week on central banks’ interest rates announcements, predicts the CEO of…
NGX Sheds Weight on Monday as Investors Book Profit The Nigerian Exchange, NGX, on Monday sheds weight as investors’ book profit after a positive close to the previous week. The…
Airtel, UNICEF Partner to Scale-Up Digital Learnings for African Children Airtel Africa and UNICEF announced today a five years pan-African partnership to help accelerate the roll-out of digital learning through…
Yield on Treasury Bills Plunged as Investors Adjust Holdings The average yield on Nigerian Treasury bills plunged on Monday as investors strive to rebalance their holdings after an oversubscribed primary…
Naira Strengthens Against Dollar, Chinese Yuan Naira gains 0.04 per cent to N64.3 to a Chinese Yuan week on week, according to Coronation Merchant Bank Limited macroeconomic note obtained by…
Oil Prices Decline as China Opens Fuel Reserves Oil prices declined on Monday after China announced the sale of its gasoline and diesel reserves. With the Organisation of Petroleum Exporting…
Derivative: Court Orders FG to Pay Delta State $1.638bn Arrears A Federal High Court, Abuja, on Monday, ordered the Federal Government to pay $1.638 billion to Delta State Government being…
Nigeria’s Private Sector Output Rises Sharply in October – PMI Nigeria’s private sector output sees a sharp rise in October 2021 to hit a three month high, according to Stanbic…
Zenith Bank Posts N180 Billion Profit Despite Headwinds Zenith Bank Plc has announced its unaudited results for the nine months ended 30 September 2021, with Gross Earnings rising by 2%…
PFAs Position in FGN Bonds, Duck Treasury as Pension Assets Rise Pension Fund Administrators (PFAs) position strongly in the Federal Government of Nigeria bonds market while assets managers avoid investment…
FG Denies Paying N80,000 to Survival Fund Beneficiaries The Federal Government has warned Nigerians to be wary of fraudulent messages making the rounds over the purported payment of N80,000 to…
CBN Devalues Naira 12.95% despite Rising Foreign Reserves An already weakened Nigerian local currency, Naira, sinks large by 12.95% in the just concluded week despite rising foreign reserves amidst lower…
DMO, CBN Oversubscribed Auctions Keep T-Bills, Bonds Yields Mixed Oversubscriptions at Debt Management Office (DMO) and Central Bank (CBN) primary market auctions for Nigerian Treasury bills, and Federal Government bonds…
Loans to Deposit Policy Drives Credit Growth by N6.63Trn –CBN The Central bank of Nigeria (CBN) has said that its 65% loan to deposit policy pushed credit into the real…
GCR Upgrades Axxela Limited Rating with Stable Outlook GCR Ratings has upgraded the long-term Issuer rating of Axxela Limited to A-(NG) and affirmed the short-term Issuer at A2 (NG), adding…
Nestlé Nigeria Earnings Rise amidst Tons of Hitches Nestlé Nigeria Plc sees a 5.16% growth in profitability, according to its latest financial statement submitted to the Nigerian Exchange amidst tons…
