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UBA Bolsters Earnings Performance, Profit Rises 4.3% Pan African financial service boutique, United Bank for Africa (UBA) Plc bolstered earnings performance in the financial year 2021 as profit inched up…
Coinbase Blocks 25,000 Addresses Linked to Russians Coinbase said it has blocked over 25,000 addresses linked to Russian individuals and entities it suspects of “engaging in illicit activity.” The crypto…
EIB Approves EUR 668mn Immediate Financial Support to Ukraine The Board unanimously condemns Russia’s brutal and illegal invasion of Ukraine in the strongest terms Financial support is part of EIB…
Brent Sold for $112.60 as Russia-Ukraine War Stokes Fears Oil prices saw a sharp rise during the week amid the ongoing war between Russia and Ukraine, stoking fears of disruptions…
NASD OTC Ends Flat Over Slowdown in Trading Value NASD Over-the-Counter (OTC) market ends the week flat over a slowdown in trading value of unlisted companies’ shares. Consequently, investors at…
DFC, USADF Ask SMEs in Nigeria, Others to Apply for $1m Loans International Development Finance Corporation (DFC) and U.S. African Development Foundation (USADF) today jointly announced the launch of the…
Seplat Energy’s Valuation Rises 20% as Investors Take Position Seplat Energy Plc sees its share price jumps 20% in a week amidst crude oil prices rally in the global market…
NGX Group Valuation Drops despite Earnings Growth Unimpressed equity investors exited their position in the Nigerian Exchange Group Plc, a leading integrated market infrastructure in Africa, as share price declined…
Nigeria’s Top Banks Valuations Sink as Investors Take Early Exits Banks Valuation: Nigerian big balance sheet banks see their respective stock market valuations decline in the just concluded week as…
Naira Sinks at Official FX Window as External Reserve Falls Naira Sinks: The Nigerian local currency, Naira, sheds value at the official foreign exchange window in the just concluded following…
T-Bills Yield Prints at 3.45% as Spot Rates Fall Trading activities at the Nigerian Treasury Bills (NTB) secondary market ended on a bullish note last week, as traction was seen…
FGN Eurobond Yield Rises as Market Weighs ECB, Fed’s Rate Hikes Federal Government of Nigeria (FGN) Eurobond market traded bearish in the just concluded week, fixed income instruments traders said…
NCC Discovers Banking App Login Details Stealing Malware Nigerian Communications Commission’s (NCC) Computer Security Incident Response Team (CSIRT) says it had discovered a newly-hatched malicious software that steals users’ banking…
BP Exits Russia’s Rosneft at Cost of $25bn British oil giant, BP, has announced the exit of its 19.75% shareholding in Russian energy firm Rosneft following the invasion of Ukraine.…
Union Bank, AfricaNXT to Host Innovators Union Bank of Nigeria (UBN) Plc has partnered with AfricaNXT to host the largest gathering of innovators across Africa, the bank said in a…
Demand for Risk-Free Debt Securities Rises, Yields Down The fixed income market witnessed an increased demand for instruments in the just concluded week and average yield across segments were cut…
Utica Capital Modest on Banks Earnings Outlook, Positive on Telcos Projections on companies’ earnings performance for the financial year 2022 are mixed; ranging from positive to moderate. Analysts appear to…
How to Profit from Falling Cryptocurrencies Prices Bitcoin sinks below $40,000 and critics think it is over but smart investors know the game is just starting. The rule of the…
ETI, ACCESS Bank See Intraday Rally on NGX Ecobank Transnational Incorporation (ETI), Access Plc and Sterling Bank are currently driving the Nigerian Exchange (NGX) upward as investors are betting odds…
Global Energy Demand to Increase by 28% – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says the global energy demand is set to increase by 28% from 275…
