FSDH SPV Bonds Rating Upgraded to BBB, Outlook Stable
FSDH SPV Bonds Rating Upgraded to BBB, Outlook Stable GCR Ratings has upgraded the national scale long-term issue rating of FSDH Funding SPV Plc.’s Series 1 Tranche A Bonds to…
Nestlé Nigeria Earnings Rise amidst Tons of Hitches
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…
Six Months Treasury Bills Auction in U.K Sees Highest Yield
Six Months Treasury Bills Auction in U.K Sees Highest Yield A weekly auction of British government six-month Treasury bills – a form of short-term debt – saw the highest yield…
Stock Market Ends Week with More than N40bn Gain
Stock Market Ends Week with More than N40bn Gain The Nigerian stock market ends this week with a total of N40.42 billion gain, recording improved year to date returns as…
Unity Bank Plc Sees Double-Digit Earnings Growth
Unity Bank Plc Sees Double-Digit Earnings Growth Nigerian lender, Unity Bank Plc has declared gross earnings of N36.18 billion for the nine-month period ended September 30, 2021, and a 23%…
Nigeria’s Per Capita Income Crashes to 1981 Level –World Bank
Nigeria’s Per Capita Income Crashes to 1981 Level –World Bank Nigeria’s per capita income is at the same level as 1981, Shubham Chaudhuri, the country’s World Bank’s director has said.…
ETI, GUINNESS, MTNN, NB, UBA, Others Drive Midday Gain
ETI, GUINNESS, MTNN, NB, UBA, Others Drive Midday Gain A number of financial stocks are driving a midday rally on the Nigerian Stock exchange on Thursday amidst the ongoing third-quarter…
FBNH Renews Adesola Adeduntan Tenure, Appoints Nnamdi Okonkwo GMD
FBNH Renews Adesola Adeduntan Tenure, Appoints Nnamdi Okonkwo GMD The Board of FBN Holdings Plc has appointed the immediate past Managing Director of Fidelity Bank Plc., Mr. Nnamdi Okonkwo as…
PenCom Introduces Non-Interest Fund, Issues Operational Framework
PenCom Introduces Non-Interest Fund, Issues Operational Framework The National Pension Commission (PenCom) has introduced a Non-Interest Fund (Fund VI) and issued an operational framework on it to pension contributors and…
Afreximbank Launches $6.5bn Capital Increase to Boost Capacity
Afreximbank Launches $6.5bn Capital Increase to Boost Capacity African Export-Import Bank (Afreximbank) has embarked on a $6.5 billion General Capital Increase (GCI) to expand its capacity to deliver on its…
Stocks Gain N90Bn Over Buying Interest in MTNN, NB
Stocks Gain N90Bn Over Buying Interest in MTNN, NB With about N90 billion gain recorded, Nigerian stocks inch higher on Thursday following buying interest in bellwether and some mid-cap companies’…
U.S Treasury 7-Year Auction Yield Up as Dollar Trades Mixed
U.S Treasury 7-Year Auction Yield Up as Dollar Trades Mixed The U.S Treasury’s 7-year auction hit a high yield of 1.461% Thursday, up from the 1.332% high in the previous…
Yield Steadies, Naira Tumbles as Nigerian T-Bills Trades Calm
Yield Steadies, Naira Tumbles as Nigerian T-Bills Trades Calm Average yield steadies as the Nigerian Treasury Bills trade calm on Thursday, fixed income investors continue to seek better returns on…
U.S GDP Growth Misses Estimates as Spending Slows
U.S GDP Growth Misses Estimates as Spending Slows The United States (U.S) economic growth eased to the slowest pace since the country began recovering from a pandemic-induced recession last year,…
Lawmakers Assure Better Security Allocation in 2022 Budget
Lawmakers Assure Better Security Allocation in 2022 Budget President of the Senate, Ahmad Lawan has assured that the National Assembly would ensure that the security sector is allocated the lion…
Autochek Secures $13.1mn Seed Funding to Scale, Accelerate Expansion ! www.drops.ng
Autochek Secures $13.1mn Seed Funding to Scale, Accelerate Expansion Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1 million in seed funding. Co-led by follow-on…
ETI, FBNH, GTCO and WAPCO Drive Mid-Day Gain
ETI, FBNH, GTCO and WAPCO Drive Mid-Day Gain The equity market is currently trading on a bullish note following increases in GTCO (0.35), UBA (0.59%), WAPCO (1.21%), TOTAL (1.32%), ETI…
U.S Dollar Lower Ahead of Busy Data Schedule
U.S Dollar Lower Ahead of Busy Data Schedule The U.S dollar was down versus its major trading partners early on Tuesday, apart from the faltering Japanese yen. The US data…
Nigerian Exchange Records Small Gain Despite Midday Rally
Nigerian Exchange Records Small Gain Despite Midday Rally The Nigerian Exchange records a small gain on Tuesday despite the midday rally. There was bargain hunting in four sectors, but for…
AfDB President Sees Urgent Need for Africa to Diversify Economies
AfDB President Sees Urgent Need for Africa to Diversify Economies President of the African Development Bank (AfDB), Dr Akinwunmi Adesina has said there is an urgent need for Africa to…