T-Bills Yield Falls Below 4% as CBN Holds Auction
T-Bills Yield Falls Below 4% as CBN Holds Auction Trading activities on the Nigerian Treasury Bills (NTB) in the secondary market was relatively bullish with downward yield adjustment as the…
DMO Exceeds Borrowing Target for Q1, Raised N586 bln
DMO Exceeds Borrowing Target for Q1, Raised N586 bln Having raised N586 billion from the local market already from bonds auctions, Debt Management Office, DMO, has outpaced the agency’s N480…
Anambra to Get 13% Derivation Earning as Oil Producing State
Anambra to Get 13% Derivation Earning as Oil Producing State Anambra will begin to earn 13 per cent derivation in line with its status as an oil-producing state from March…
NB: Heineken, Distilled Trading, Stanbic Nominees Take 66% of Dividend Harvest
NB: Heineken, Distilled Trading, Stanbic Nominees Take 66% of Dividend Harvest Nigeria Breweries (NB) Plc. strengthened its bottom line in 2021, according to its latest regulatory filling as profit after…
Guinness Nigeria Sees 360 Degree Earnings Turnaround on Pricing, Volume Growth
Guinness Nigeria Sees 360 Degree Earnings Turnaround on Pricing, Volume Growth Guinness Nigeria Plc bucked its negative profit performance, company’s profit spiked to about N9 billion in the first half…
Zenith, UBA, GTCO Driving Intraday Rally on NGX
Zenith, UBA, GTCO Driving Intraday Rally on NGX Big names on the banking sector equity index are currently driving an uptrend at the local bourse; the Nigerian Exchange (NGX), according…
Kazakhstan Discovers 13 Illegal Cryptocurrency Mining Farms
Kazakhstan Discovers 13 Illegal Cryptocurrency Mining Farms Kazakh Ministry of Energy on Monday reported that regulators have discovered 13 illegal cryptocurrency mining farms in Kazakhstan. The ministry said the discovery…
How to Avoid Losses When Bitcoin, Ethereum Prices Fall
How to Avoid Losses When Bitcoin, Ethereum Prices Fall Losing money is always a risk for any business. It is important to understand that the probability of losing the entire…
NGX Grows as Investors Record N50 bln Gain
NGX Grows as Investors Record N50 bln Gain The Nigerian Exchange (NGX) grow on Monday as equity investors’ recorded more than N50 billion gain. Today’s gain lifted the stock market…
FG Gives NCC 6 Months to Get Innovative Solutions in ICT
FG Gives NCC 6 Months to Get Innovative Solutions in ICT The Federal Government (FG) on Monday gave six months deadline to the Nigerian Communications Commission (NCC) to come up…
Yields Tighten as Fixed Interest Securities Investors Hibernate
Yields Tighten as Fixed Interest Securities Investors Hibernate Average yields on fixed income instruments were mixed on Monday as investors hibernate in a move to watch the market direction after…
Kenya Serviced Foreign Loans with $1.2bn in 2021
Kenya Serviced Foreign Loans with $1.2bn in 2021 Kenyan treasury on Monday reported that the country paid 137 billion shillings or about 1.2 billion U.S. dollars in 2021 to service…
NGX Sheds N1.6bn as Investors Dump Seplat, MTNN
NGX Sheds N1.6bn as Investors Sell Seplat, MTNN The Nigerian Exchange (NGX) sheds about N1.6 billion on Thursday as equity investors sell down Seplat, MTN Nigeria and other shares. The…
Dangote Sugar, FMN Call BUA Foods ‘Corporate Liar’
Dangote Sugar, FMN Call BUA Foods ‘Corporate Liar‘ Dangote Sugar Refinery, Flour Mills of Nigeria (FMN) Plc have expressed concerns over BUA Foods Plc alleged misinformation on deliberate hoarding of…
CBN Opposes Fresh Anti-Money Laundering Laws
CBN Opposes Fresh Anti-Money Laundering Laws The Central Bank of Nigeria (CBN) on Thursday kicked against the plan by the Senate to enact new anti-money laundering laws without required amendments…
Federal Govt. Closed €9.3 mln Deal for 23 Mini-Grids
Federal Govt. Closed €9.3 mln Deal for 23 Mini-Grids The Federal Government has signed a €9.3 million interconnected mini-grid Acceleration Scheme (IMAS) award grant agreement with eight indigenous Solar Mini-grid…
Twitter Adds Flutterwave, Paga as Payment Providers
Twitter Adds Flutterwave, Paga as Payment Providers Twitter has announced the addition of the pan-African payment solutions Barter by Flutterwave and Paga as additional payment providers to a feature on…
Bitcoin Tumbles Below $40,000, Others Hit Hard
Bitcoin Tumbles Below $40,000, Others Hit Hard The largest cryptocurrency in the crypto universe trades red Friday as investors swing to selling rallies after the previous recovery, thus sending Bitcoin…
Gold Down as US 30-Year TIPS Auction High Yield Rises
Gold Down as US 30-Year TIPS Auction High Yield Rises Gold price was down Friday as the United States (US) 30-year Treasury Inflation-Protected Securities, TIPS, auction hit a high yield…
Ethics Scandal: Feds Officials Face More Trading Restrictions
Ethics Scandal: Feds Officials Face More Trading Restrictions The Federal Reserve has barred senior officials of the US central bank from purchases of a number of assets, including individual stocks…