FX Earnings: CBN Releases Guidelines for R200 Policy
FX Earnings: CBN Releases Guidelines for R200 Policy The Central Bank of Nigeria (CBN), has released guidelines for the operationalisation of its R200 policy. The apex bank recently initiated the…
Sell Pressure Hits Nigerian Eurobond Amid Russia’s Invasion
Sell Pressure Hits Nigerian Eurobond Amid Russia’s Invasion The average yield on Federal Government of Nigeria (FGN) Eurobonds rise 18 basis points on Monday following Russia’s invasion in Ukraine that…
Canada Cancels $700m Export Permits to Russia
Canada Cancels $700m Export Permits to Russia Canada is cancelling all export permits to Russia in response to the country’s invasion of Ukraine, a decision that Canada’s foreign affairs minister…
EU Moves to Cripple Russia Financial System
EU Moves to Cripple Russia Financial System The community of European Union leaders are now cooking sour dinner for Russia after the invasion of Ukraine on Thursday. The latest development…
Treasury, Bonds, OMO Bills Lose Allure as Returns Crash
Treasury, Bonds, OMO Bills Lose Allure as Returns Crash The fixed interest securities investors have switched to hibernation mode as yields on debt capital market instruments nosedived steeply this week…
Germany, France Defend EU Sanctions Package on Russia
Germany, France Defend EU Sanctions Package on Russia The finance ministers of Germany and France pushed back on Friday against criticism that the EU’s latest salvo of sanctions on Russia…
Seplat Buys ExxonMobil’s Assets in Nigeria
Seplat Buys ExxonMobil’s Assets in Nigeria Seplat Energy Plc, a leading Nigerian energy company, says it had entered into an agreement to acquire the entire share capital of Mobil Producing…
Banks Shares, MTNN Drive Intraday Rally on NGX
Banks Shares, MTNN Drive Intraday Rally on NGX Banking, insurance stocks and MTN Nigeria are driving intraday rally on the Nigerian Exchange (NGX), according to a midday report shared by…
Airtel Ranks Fastest Network Provider in Nigeria
Airtel Ranks Fastest Network Provider in Nigeria Airtel Nigeria, a telecommunications company, says it has been rated the fastest network provider in Nigeria according to Crowdsourcing firm, SpeedChecker. Airtel Nigeria…
Buhari Signs Electoral Act Amendment Bill
Buhari Signs Electoral Act Amendment Bill President Muhammadu Buhari has today signed electoral bills into law at the Council Chamber of the Presidential Villa, Abuja, on Friday after initial rejection…
Equity Investors Gain N30 bln as NGX Rallies
Equity Investors Gain N30 bln as NGX Rallies Equity investors at the local bourse see N30 billion gain on Friday as the Nigerian Exchange (NGX) continues upward trajectory, closing the…
Russia’s Invasion Rattles Financial Markets, Assets Swing
Russia’s Invasion Rattles Financial Markets, Assets Swing Treasury yields, foreign exchange rates swing as the global financial markets were rattled this week after Russian President Vladimir Putin launched a broad…
Guinea Insurance Plc Launches e-Portal for Motor Insurance
Guinea Insurance Plc Launches e-Portal for Motor Insurance Guinea Insurance Plc, on Wednesday, said it had launched a self-service motor insurance e-portal that allowed customers to purchase motor insurance products…
Analysts Expect Ghana to Raise Interest Rate
Analysts Expect Ghana to Raise Interest Rate Fitch Solutions analysts said they are expecting the Bank of Ghana (BoG) to raise its benchmark interest rate by a further 50 basis…
FG Opens Bid for Highway Management Initiative
FG Opens Bid for Highway Management Initiative The Federal Government has opened a bid for Highway Development Management Initiative (HDMI) with 16 companies coming out successful in the Value-Added Concession…
South Africa’s Debt Still Rising
South Africa’s Debt Still Rising South Africa’s budget confirms that stronger fiscal revenue has led to an improvement in public finances, Fitch Ratings said in a recent commentary on the…
Jumia Losses Increase ! As Sales Increase ! www.shop.i.ng your shop blog review website
Jumia Loss Widens as Sales Increase Africa e-commerce firm Jumia Technologies (JMIA) on Wednesday reported a fourth-quarter (Q4) of the financial year 2021 revenue of $62 million, translating to about…
Nigeria Battles JP Morgan in Court over Oil Deal
Nigeria Battles JP Morgan in Court over Oil Deal A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming…
Company Income Tax Falls by N124 Billion in Q4
Company Income Tax Falls by N124 Billion in Q4 Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in the third quarter of 2021 to N347.81 billion…
Softer than Expected Sanctions on Russia Caps Oil Prices
Softer than Expected Sanctions on Russia Caps Oil Prices Apart from possible Iranian crude returning to the global market, softer than expected sanctions on Russian Federation after incursion into Ukraine…