Inside Africa
Fitch Revises Egypt’s Outlook to Positive as ‘Macros’ Improve
Fitch Ratings has revised the Outlook on Egypt's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Positive from Stable, and affirmed the IDR at
French Banks’ Exit from Africa to Spur Local Banks’ Growth, Competition...
French banks’ exit from Africa, which is nearing its end, gives emerging pan-African banking groups significant space to grow
GCR Ratings Revised Outlook on Zedcrest Capital to Negative
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and
Investment
Equities Market Sinks by N74bn as Selling Spree Persists
Sustained selloffs wiped out about N74 billion from the Nigerian Exchange (NGX) equities segment on Wednesday amidst fear of surging inflation.
Virtual FX Trading: SEC Pledges to Cooperate with EFCC
The Securities and Exchange Commission (SEC) has pledged to work with the Economic and Financial Crimes Commission
Bleak Outlook for Naira as Exchange Rate Hits N1533.99
The naira pulled backward again in the forex markets due to a surge in demand for the US dollar.
Dangote Sugar Opens 181-day C/Papers for Subscription at 20.65%
Dangote Sugar Refinery Plc has opened its series four and five commercial papers for subscription at the coupon
Equities Investors Gain N467bn as Airtel Rebounds
Equities investors wealth increased by about N467 billion on Thursday due to about 9% valuation surge recorded by
Emirates to Resume Lagos-Dubai Flights October 1 amidst Visa Ban
Amidst visa ban, Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily
Financial Products
Equities Market Sinks by N74bn as Selling Spree Persists
Sustained selloffs wiped out about N74 billion from the Nigerian Exchange (NGX) equities segment on Wednesday amidst fear of surging inflation.
Nigerian Bourse Rebounds with N902bn Daily Gain
Bulls stage comeback into the Nigerian Exchange (NGX), gaining N902 billion after two days bloodbath ....
Yield Climbs as CBN Increases Rates on Treasury Bills
The average yield climbed as the Central Bank of Nigeria (CBN) increased spot rates on Nigerian Treasury Bills auctioned ...
Selloffs Provoke Spike in Nigerian Treasury Bills Yield
The average yield on Nigerian Treasury bills increased by 11 basis points to 3.4% following selloffs ....
Odu’a Investment Plans to List on Nigerian Exchange
Odu’a Investment Plans to List on Nigerian Exchange
Odu’a Investment...
Nigeria’s Sovereign Eurobond Yield Dips Below 10%
Due to strong buying interest, Nigeria’s sovereign Eurobond yield has dipped below 10%, according to an investment
Benchmark Yield Shrinks as Bonds Market Rallies
The average yield on Federal Government of Nigeria (FGN) bonds shrank in the secondary market as
Equities Investors Combine Wealth Grows to N44Trn -NGX
The Nigerian Exchange (NGX) All-share index hit an all-time high as a result of sustained bargain hunting ...
Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos
Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos
Gov. Babajide...
NGX Gains N85bn as Investors Park Cash in Banking Stocks
As equities investors continue to grow, the equities market capitalisation of the Nigerian Exchange
