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OneCoin’s Cryptoqueen on FBI’s Most-Wanted Lists for $4Bn Fraud

A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin

FG Unveils Duport 10,000bpd Modular Refinery

The Federal Government in Ogbekor community, Orhionmwon Local Government Area in Edo

Private Sector Growth Falls to 17-Month Low on Cash Shortages

Private sector growth slowdown in June as output falls for the first time in 19 months while overall input prices

Nigerian Bourse Gains N8.15bn as Stocks Rally

Nigerian Exchange (NGX) gains N8.15 billion as bullish sentiments returned to the tock market

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OneCoin’s Cryptoqueen on FBI’s Most-Wanted Lists for $4Bn Fraud

A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin

FG Unveils Duport 10,000bpd Modular Refinery

The Federal Government in Ogbekor community, Orhionmwon Local Government Area in Edo

Private Sector Growth Falls to 17-Month Low on Cash Shortages

Private sector growth slowdown in June as output falls for the first time in 19 months while overall input prices

AfDB Launches First ESG African Frontier-Currency Bond

The African Development Bank (AfDB) has launched a 19-billion Ugandan shilling ....

Reserve Bank of Zimbabwe Hikes Lending Rate to 200%

In a move to combat red hot headline inflation, the Reserve Bank of Zimbabwe said on Monday...

Analysis

FBNH: Analysts See Solid Earnings Growth amid Plan to Enter More African Markets

Equity analysts are becoming more optimistic on FBN Holdings Plc.’s performance outlook...

MTN Nigeria Share Price Rises 39% in 6-Month

At N4.783 trillion market valuation on Monday, MTN Nigeria Plc's share price has gained about 40%

Zenith Bank Share of Nigerian Banking Assets Hits 15%

Zenith Bank Plc controls 15% of Nigerian banking assets, according to Fitch Ratings

MTN Rises to Become Second Most Valuable Brand in Nigerian Bourse

Briefly this week, telecommunication company giant MTN Nigeria Plc beat Dangote Cement as the second most

LATEST BUSINESS

ECONOMY

INVESTMENT
INVESTMENT

Nigeria’s PMI Indicates Economic Recovery Underway, Albeit Slow

Following positive macroeconomic direction recorded in the fourth quarter...

Rising Fiscal Deficit, Weak Naira Fuel Nigeria’s Debt Burden –Analysts

Pandemic-induced fiscal deficit and devaluation of the local currency, Naira,

Private Sector Growth Falls to 17-Month Low on Cash Shortages

Private sector growth slowdown in June as output falls for the first time in 19 months while overall input prices

Nigerian Bourse Gains N8.15bn as Stocks Rally

Nigerian Exchange (NGX) gains N8.15 billion as bullish sentiments returned to the tock market

Oil Theft Rises to 120,000 Barrels Per Day

Oil theft in Nigeria has increased by about 17% to 120,000 barrels per day (bpd), according to Nigerian Upstream

TAJBank to Obtain National Banking License, Expand Branch Network

Amidst plan to obtain a national banking license, the Board and Management of TAJBank Limited

FINANCIAL PRODUCTS
FINANCIAL PRODUCTS

Private Sector Growth Falls to 17-Month Low on Cash Shortages

Private sector growth slowdown in June as output falls for the first time in 19 months while overall input prices

Yield on T-Bills Trend Higher as Naira Tumbles

The average yield on Nigerian Treasury Bills trends higher on Monday amidst sell pressures...

NASD Expands as Shares of Niger Delta Exploration, CitiTrust Appreciate

NASD's over-the-counter (OTC) market swells above N1 trillion last week due to positive interest

T-Bills Yield Rises on Sell Pressures, Naira Gains

The average yield on Nigerian Treasury bills adjusted upward midweek amidst sell pressures

SEC to Give Capital Market Participants ‘ID’ to Curb Fraud

The Securities and Exchange Commission (SEC), says capital market participants

Demand to Increase as FGN Eurobond Yields Track Higher

The Federal Government of Nigeria (FGN) Eurobond yields traded at an attractive level

Treasury Bills, Bond Yields Rise, OMO Rates Steady

The Nigerian Treasury bills, and Federal Government (FGN) bond yields recorded upticks...

Bonds, Treasury Yields Jump as Naira Falls

The average yield on Federal Government of Nigeria (FGN) bonds and Treasury bills inched higher..

NASD OTC Hits N1.05 Trillion, Return Spikes

Due to a bullish run in the market, the NASD over-the-counter (OTC) exchange for trading unlisted

Dollar Declines ahead of U.S GDP Data Release

The United States (U.S) dollar declined against its major trading partners early Thursday

FX Markets

FG Unveils Duport 10,000bpd Modular Refinery

The Federal Government in Ogbekor community, Orhionmwon Local Government Area in Edo

Private Sector Growth Falls to 17-Month Low on Cash Shortages

Private sector growth slowdown in June as output falls for the first time in 19 months while overall input prices

Nigerian Bourse Gains N8.15bn as Stocks Rally

Nigerian Exchange (NGX) gains N8.15 billion as bullish sentiments returned to the tock market

Oil Theft Rises to 120,000 Barrels Per Day

Oil theft in Nigeria has increased by about 17% to 120,000 barrels per day (bpd), according to Nigerian Upstream

TAJBank to Obtain National Banking License, Expand Branch Network

Amidst plan to obtain a national banking license, the Board and Management of TAJBank Limited

Blockchain

OneCoin’s Cryptoqueen on FBI’s Most-Wanted Lists for $4Bn Fraud

A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin

Cryptocurrencies Struggle Over Weak Buying Catalysts

Top cryptocurrencies struggle to buck the downward trend as retail investors continue to trade...

Islamic Coin Gets Fatwa from Muslim Scholars

Islamic Coin (ISLM), a Shariah-compliant digital currency has gotten itself a Fatwa, from Muslim authorities

Cryptocurrency Fears Materialising –Bank for International Settlements Says

The ongoing meltdown in the cryptocurrency markets indicates that long-warned-about dangers

Lawsuit: Elon Musk Denies Asking Anyone to Invest in Cryptocurrencies

Amidst a $258 billion lawsuit against him, Tesla Chief Exec Elon Musk says he has never advised

Bitcoin Slips Below $20,000 amidst Crypto Meltdown

Bitcoin Slips Below $20,000 amidst Crypto Meltdown

Cryptocurrencies Bleed, Market Cap Falls to $975bn, Investors Exit

Selling rallies in the cryptocurrencies market dragged digital assets valuation below $980 billion on Monday.

Cryptocurrencies Struggle as Retail Buyers Exit Positions

At $12.4 trillion valuations, the Cryptocurrencies market continues to struggle as retail investors

BTC, ETH Rise on Russia’s Plan to Use Cryptos for Transactions

Bitcoin (BTC), Ethereum (ETH) and other pricey cryptos have seen upward adjustments

Bloodbath on Cryptos Exchange Floors, Market Cap Hits Low

The ongoing bloodbath on the cryptocurrency exchange floors is far from being over as market

Tether Launches New Stablecoin

Tether announces the release of a new peso-backed stablecoin on Ethereum, Tron, and Polygon as 40%

Terra to Launch Spin-Off Blockchain

The governance vote to create a new Terra blockchain with new LUNA tokens

Mobile Banking/Fintech

CBN Moves to Introduce USSD Code for eNaira

The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary

MFS Africa to Acquire U.S Prepaid Card Processor GTP

Africa’s largest digital payments network, MFS Africa says it has reached an agreement to buy Global Technology Partners

GTCO Gets Approval for HabariPay to Commence Operation

Guaranty Trust Holding Company (GTCO Plc) said it has obtained approval for the operation

SmartCash Payment Service Bank Begins Operation in Nigeria

Following its final approval by the regulators, SmartCash Payment Service Bank Limited

Interswitch Raises $110 Mln to Expand Digital Payments

Interswitch, a financial technology-driven company, has raised a strategic investment of $110 million

Inside Africa

AfDB Launches First ESG African Frontier-Currency Bond

The African Development Bank (AfDB) has launched a 19-billion Ugandan shilling ....

Reserve Bank of Zimbabwe Hikes Lending Rate to 200%

In a move to combat red hot headline inflation, the Reserve Bank of Zimbabwe said on Monday...

Oando Dips as Court Orders 43.63% Shares Buyout

Oando Plc's share price sinks to N5.70 following a court order that the oil company should buyout

Dangote Cement Loses 10% of Market Valuation

Equity investors in the Nigerian Exchange (NGX) have priced down Dangote Cement Plc

TAJBank, Islamic Corp. Seal Deal on Capital Projects Financing

TAJBank Limited, Nigeria’s leading non-interest bank, has signed a Memorandum of Understanding (MoU)

Access Bank to Acquire 83.4% Stake in Kenya’s Sidian Bank

Access Bank Holding Plc says it plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million)

Femi Otedola Reduces Equity Interest in FBNH

FBN Holding Plc.'s single largest shareholder, Femi Otedola, has sold down 2.3% of his equity interest
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