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Friday, December 2, 2022

Stock Market Slumps as MTN, FCMB Depreciate

Key performance indicators of the Nigerian Exchange (NGX) declined marginally on Thursday as market cap...

Brent Slumps as EU Puts Price Cap on Russian Oil

The global oil market loosened up after European Union (EU) places a price cap on Russian oil while a stronger dollar ...

Naira Tumbles as World Bank Expects Remittance to Sag

The Nigerian local currency tumbles by 0.12% at the Investors' and exporters’ foreign exchange market on Thursday ...

Remittances Grow 5% despite Global Headwinds

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022

Fresh stories

Today: Browse our editor's hand picked articles!

Stock Market Slumps as MTN, FCMB Depreciate

Key performance indicators of the Nigerian Exchange (NGX) declined marginally on Thursday as market cap...

Brent Slumps as EU Puts Price Cap on Russian Oil

The global oil market loosened up after European Union (EU) places a price cap on Russian oil while a stronger dollar ...

Naira Tumbles as World Bank Expects Remittance to Sag

The Nigerian local currency tumbles by 0.12% at the Investors' and exporters’ foreign exchange market on Thursday ...

Remittances Grow 5% despite Global Headwinds

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022

Business Confidence Drops as Nigeria’s Private Sector Improves for 29-Month

Business conditions continued to improve markedly in the Nigerian private sector during November ...

Stock Market Slumps as MTN, FCMB Depreciate

Key performance indicators of the Nigerian Exchange (NGX) declined marginally on Thursday as market cap...

Moody’s Downgrades Ghana Ratings Again

Moody's Investors Service has downgraded the Government of Ghana's long-term issuer ratings ...

IMF to Visit Ghana for Talk on Funding Support

An International Monetary Fund (IMF) staff team will visit Ghana again from Dec. 1 to 13 to continue discussions on Accra’s request for a support programme.

Analysis

Renewed Interest in BUA Cement Boosts Valuation

Interested investors can now buy the entire 33.864 billion outstanding shares of BUA Cement Plc.

Dangote Cement Rises after Shares Repurchase Plan

Top cement producer Dangote Plc's share was more popular in the equities segment of the Nigerian Exchange

Airtel Africa Share Price Spikes Ahead of Dividend Pay

Ahead of interim dividend payments, equities investors’ interest in Airtel Africa has forced a new rerating ...

GTCO Spikes as Analysts Project Solid Upside

The share price of Guaranty Trust Holding Company (Ticker: GTCO) gained 11% due to a huge demand volume

Union Bank of Nigeria Share Price Rises 13%

Union Bank of Nigeria's share price gained 13%, thus helped pushed the banking index upward ...

LATEST BUSINESS

ECONOMY

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China Unrest Spooks Markets, Investors Brace for Rebound

Global stock markets are spooked as protests erupt across China against President Xi Jinping’s zero-Covid policy...

SMEs

FG Disbursed N785bn to MSMEs in 4 Years

The Minister of Industry, Trade and Investment, Otunba Richard Adebayo on Thursday said the Federal Government

Why Job Happiness Drives Corporate Superior Performance

“I’m not a social worker, so why should I have to care if staff are happy? I only care about the bottom line...

How SAP Helps Resolve Capital Issues for MSMEs

Whether it's your favourite pizza place that treats you to Italian flair and flavour anytime

The Reality and Fantasy of Being an Entrepreneur

Without exaggeration, it will take two to five years for the global economy to heal.

Zenith Tech Fair Attracts Global IT Practitioners

The Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, will be held on Tuesday ...

YouTube Announces Grant to Support Africa Creators

YouTube has announced its expansion efforts to support creators and the creative economy in Africa

NCC Holds Stakeholders’ Forum 5G Spectrum Auction

The Nigerian Communications Commission (NCC) on Tuesday organised a stakeholders’ forum

FairMoney Partners Oradian to Accelerate Growth

 FairMoney, the leading credit-led digital financial institution in Nigeria, engages cloud banking solution

Flutterwave Enables eNaira as Payment Option for Businesses

Fintech company, Flutterwave, has added Nigeria's eNaira as a payment option for merchants

Ecobank Opens Application for Fintech Challenge with $50,000 Grant

Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge...

Koolboks Raises $2.5m to Scale Solar Refrigeration in Africa

Koolboks, a renewable energy company providing accessible cold storage solutions to businesses

INVESTMENT
MARKET

Investment Managers Face Tough Investment Climate

Global investment managers face macro pressures and a challenging investment environment in 2023

Market Return Improves as NGX Gains Traction

Market Return Improves as NGX Gains Traction The equities segment...

NASD Sees Moderate Gain After Losing Streaks

Investors trading shares of unlisted companies’ on NASD over-the-counter (OTC) securities exchange ...

Bond Drops, Treasury Steadies after Policy Rate Hike

The average yield on the Federal Government of Nigeria (FGN) bond rises as price drops following rapid...

Nigerian Exchange Swells amidst Interest Rate Hike

The equities segment of the Nigerian Exchange (NGX) rises further on Tuesday amidst the Central Bank of Nigeria’s

Nigeria Raised N269bn from Debt Market at Higher Rates

It was a successful outing for the Debt Management Office after beating the target on Federal Government...

FINANCIAL
PRODUCTS

NASD Dips as Friesland Campina, UBN, CitiTrust Depreciate

NASD Securities Exchange investors net worth has declined by about 4% from the opening investment value ...

9% Interest Rate Loan for Export Businesses – FirstBank

A major problem the Nigerian naira is facing now is that Africa’s most populous nation is still feeding...

UBA Fuels SMEs Growth with Structured Lending

It is not contestable that emerging markets like Nigeria have a lot to achieve by helping individuals and businesses

FirstBank Launches Collateral Free 9% Interest Rate Loan for Women

First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan)

Stanbic IBTC Infrastructure Fund to Close on Friday

Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the N15 billion

Unity Bank Yanga Product to Empower Underbanked Women Entrepreneurs

Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade

How to Buy, Sell Federal Government Bonds

Investors with low-risk profiles are the key buyers of fixed income securities. This is due to near-zero

FSDH Merchant Bank Selling N20bn Commercial Papers Series

FSDH Merchant Bank Limited has started offering series 6 (181-day tenor) and series 7

Cordros Milestone Fund: Taste of Varieties of Investment Options

The investment environment has become so tough that doing it alone could mean earning lower

Meristem Real Estate Advantage Portfolio: A Hedge Against Weak Naira

Nigerians are naturally exposed to fluctuation in their naira assets now.

Stock Market

Brent Slumps as EU Puts Price Cap on Russian Oil

The global oil market loosened up after European Union (EU) places a price cap on Russian oil while a stronger dollar ...

Naira Tumbles as World Bank Expects Remittance to Sag

The Nigerian local currency tumbles by 0.12% at the Investors' and exporters’ foreign exchange market on Thursday ...

Remittances Grow 5% despite Global Headwinds

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022

Business Confidence Drops as Nigeria’s Private Sector Improves for 29-Month

Business conditions continued to improve markedly in the Nigerian private sector during November ...

Nigerian Treasury Bills Yield Spikes, FGN Bonds Bump

The average yield on Nigerian Treasury Bills spikes strongly on Monday to 11%...

blockchain

Japanese-Backed Crypto Exchange Bitfront Shuts Down

Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit...

Bitcoin Trades at $16,200 in Tight Crypto Market

Trading at the $16,000 -$16,500 range, the largest crypto asset by market capitalisation, bitcoin ...

FTX Collapse Could Reduce Institutional Capital in Crypto Funds

In the aftermath of the FTX collapse, institutional investors are likely to pull back or eliminate their already-small allocations

Stablecoin Begins to Stabilise after Volatility

The stablecoin market has stabilised since the collapse of TerraUSD, as market participants regained some...

Bitcoin Price Takes Big Hit amid Binance, FTX ‘Deal’

Bitcoin price declined below $18,000 after initially rebounding over $20,000 on news that the embattled FTX ...

Bitcoin Races North amidst Crypto Assets Surge

Bitcoin price races up North above $20,000 on Tuesday, trading above the psychological threshold after trading

XRP Rallies, Pops 40% Return in 7-Day

Ripple: XRP is in the news again this week following a hefty rallies due to improved sentiment after the Federal Reserve’s 75 basis points funds rates hike.

Bitcoin, Ethereum Dab on Fresh Retail Selloffs

Bitcoin, Ethereum and other large-cap crypto assets see their respective price dropping strongly on Monday

El-Salvador Loses 56% on Crypto Bets, Fitch Sees Bonds Default

El-Salvador is 56% down on the country’s crypto bet, according to Nayib Tracker, a website

Bitcoin Trades Below $20,000 in Fresh Selloffs

Following a week long losing streak, Bitcoin trades below $20,000 Saturday after breaking out

Illicit Addresses Hold Large Cryptocurrency Assets–Report

Illicit addresses hold at least $10 billion worth of cryptocurrency, according to the 2022 crypto crime...

Tether’s Reserves Fall by $16bn in Q2

Stablecoin Tether's reserves were worth $66 billion at the end of June 2022, down from $82.4 billion

INSIDE AFRICA

Moody’s Downgrades Ghana Ratings Again

Moody's Investors Service has downgraded the Government of Ghana's long-term issuer ratings ...

IMF to Visit Ghana for Talk on Funding Support

An International Monetary Fund (IMF) staff team will visit Ghana again from Dec. 1 to 13 to continue discussions on Accra’s request for a support programme.

Facebook to Label Posts on COVID-19 Vaccines

Facebook Inc., on Monday said it had started adding labels to posts ...

Ghana Receives First Doses of AstraZeneca COVID-19 Vaccine

Today, Ghana became the first country outside India to receive...

Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise

Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise. In Nigeria, numbers of infected people that have died climbed higher as coronavirus spreads its venom across the world.

643 new cases lift Nigeria’s COVID-19 total infections to 34,259

643 new cases lift Nigeria’s COVID-19 total infections to 34,259. The Nigeria Centre for Disease Control (NCDC) has announced 643 new COVID-19 cases in the country as total infections from the virus rise to 34,259. The NCDC disclosed this on its official twitter handle on Wednesday.

Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19

Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19. Total infections hit 33,153 as Nigeria's health agency announced 575 new COVID-19 cases in the country.
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