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Monday, March 20, 2023

Dangote Cement Empowers 30 Youths from Host Communities

No fewer than 30 youths from communities around Ibese in Ogun State have graduated from a training...

Nigeria’s Bond Yield Rises as DMO Plans N360bn Auction

The average yield on Federal Government of Nigeria (FGN) bonds yields climbed in the secondary market

Oil Declines 3% over Demand Concerns

Crude oil prices declined amidst demand concerns following news that UBS will buy struggling Credit Suisse

T-Bills Yield Crosses 5% after PMA Spot Price Action

The average on Nigerian Treasury bills crossed 5% in the secondary market after the Central Bank (CBN) ...

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Dangote Cement Empowers 30 Youths from Host Communities

No fewer than 30 youths from communities around Ibese in Ogun State have graduated from a training...

Nigeria’s Bond Yield Rises as DMO Plans N360bn Auction

The average yield on Federal Government of Nigeria (FGN) bonds yields climbed in the secondary market

Oil Declines 3% over Demand Concerns

Crude oil prices declined amidst demand concerns following news that UBS will buy struggling Credit Suisse

T-Bills Yield Crosses 5% after PMA Spot Price Action

The average on Nigerian Treasury bills crossed 5% in the secondary market after the Central Bank (CBN) ...

Santam Acquires MTN S.A Device Insurance Book

Santam, South Africa's leading short-term insurer, has entered into an alliance with MTN South Africa

Currency Slump Raises Demand for US dollar Assets in West Africa

The Russian-Ukraine war and the lingering impact of the COVID-19 pandemic have severely weakened West African economies

Analysis

Ecobank Lost 10% ahead of Dividend Notice

Pan African lender, Ecobank Transnational Incorporated, ETI, lost 10% of its market valuation to strong

MTNN Slumps 5% amidst Plan to Merge MoMo PSB, Yhello Digital

Investors in the equities segment of the Nigerian Exchange (NGX) re-priced MTN Nigeria Plc share downward

Stanbic IBTC Gains 19.28% on Better Earnings, Strong Dividend

Stanbic IBTC Holdings Plc will be paying more than N45 billion as a total dividend to shareholders

FBNH Declines as Market Awaits Earnings Release

Diversified financial service company, FBN Holdings Plc, share price declined by 2.7% over the last

Latest Business

ECONOMY

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Inside Africa

Santam Acquires MTN S.A Device Insurance Book

Santam Acquires MTN S.A Device Insurance Book

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Santam, South Africa's leading short-term insurer, has entered into an alliance with MTN South Africa
Currency Slump Raises Demand for US dollar Assets in West Africa

Currency Slump Raises Demand for US dollar Assets in West Africa

0
The Russian-Ukraine war and the lingering impact of the COVID-19 pandemic have severely weakened West African economies
Zimbabwe Implements IMF's e-GDDS Portal

Zimbabwe Implements IMF’s e-GDDS Portal

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With the successful launch of a new data portal, Zimbabwe has implemented a key recommendation

Investment

Positioning in Geregu, Airtel Drive Stock Market Index Higher

The Nigerian stock market index advanced following renewed interest in GEREGU (+9.0%) and AIRTELAFRI (+0.9%)

Bamboo Secures Digital Broker License from SEC

Bamboo Systems Technology Limited, Africa's leading online brokerage firm, announced today ...

Oil Declines 3% over Demand Concerns

Crude oil prices declined amidst demand concerns following news that UBS will buy struggling Credit Suisse

T-Bills Yield Crosses 5% after PMA Spot Price Action

The average on Nigerian Treasury bills crossed 5% in the secondary market after the Central Bank (CBN) ...

Bitcoin Crosses $28,000 over Fresh Cryptos Rally

Bitcoin surged past $28,000, adding $1,400 to its previous close. Bitcoin, the world's biggest and best

Nigeria’s External Reserves Drop amidst Scarce FX Inflow

Nigeria’s External Reserves Drop amidst Scarce FX Inflow Nigeria’s external...

Financial Products

Nigeria’s Bond Yield Climbs to 13% as Inflation Jumps

In reaction to inflation rate surge, Nigeria's asset managers and bondholders switched trading mode from buying to selling of bonds

T-Bills Yield Crosses 5% after PMA Spot Price Action

The average on Nigerian Treasury bills crossed 5% in the secondary market after the Central Bank (CBN) ...

Naira Falls Amidst CBN Update on Local Currency

Nigerian naira lost 0.04% against the United States dollar N461.67 at the Investors’ and Exporters’ foreign exchange

Market Index Jumps as Nigerian Exchange Gains N145bn

With a total sum of N145 billion record gain in a week, the equities segment of the Nigerian Exchange ...

Nigerian Treasury Bills Rates Spike, 364-Day Hits 10%

The average yield on Treasury bills increased as the market began to see higher spot rates at the Central Bank

Nigeria’s Bond Buying Increases as Naira Appreciates

Trading activities in the local debt capital market ended on bullish note midweek as investors – retail

DMO Opens FGN Savings Bonds for Subscription

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN)

Nigeria’s Eurobond Yield Spikes to 12.06%

Selloffs on Nigeria’s Eurobond in the international debt capital market hiked the average yield to 12.06%

Global M&A Deal Value Plummets 29% in 2022 – GlobalData

The total value of global mergers and acquisitions (M&A) deals dropped significantly in 2022 ...

NGX Expands as Investors Ramp Up Geregu Shares

The Nigerian equities market traded marginally higher as buying interest in Geregu Power Plc ...

FIN MARKET

Nigeria’s Bond Yield Rises as DMO Plans N360bn Auction

The average yield on Federal Government of Nigeria (FGN) bonds yields climbed in the secondary market

Oil Declines 3% over Demand Concerns

Crude oil prices declined amidst demand concerns following news that UBS will buy struggling Credit Suisse

T-Bills Yield Crosses 5% after PMA Spot Price Action

The average on Nigerian Treasury bills crossed 5% in the secondary market after the Central Bank (CBN) ...

Bitcoin Crosses $28,000 over Fresh Cryptos Rally

Bitcoin surged past $28,000, adding $1,400 to its previous close. Bitcoin, the world's biggest and best

Nigeria’s External Reserves Drop amidst Scarce FX Inflow

Nigeria’s External Reserves Drop amidst Scarce FX Inflow Nigeria’s external...

NGX Sheds N479bn as Investors Take Profits

The equities segment of the Nigerian Exchange (NGX) recorded about N479 billion loss as investors traded exits

Ecobank Lost 10% ahead of Dividend Notice

Pan African lender, Ecobank Transnational Incorporated, ETI, lost 10% of its market valuation to strong

BLOCKCHAIN

Bitcoin Spikes to $27.5k as US Dollar Weakens

Demand for digital assets has resulted in a sustained rally on major cryptocurrencies assets as the United States (US) dollar weakens.

Bitcoin Crosses $24,000 amidst Banks Failure in US

It has been happy trading hours for investors in the cryptocurrency markets as prices extended gains ...

Silvergate Capital to Shut Down

Silvergate Capital Corp. has revealed a plan to shut down operations and voluntarily liquidate the Bank

Bitcoin Down as Cryptocurrency Market Reverses Uptrend

After it had bucked the bearish trend, most major digital assets reversed course, paring earlier gains,

Is the Growing Relationship Between Visa and Crypto Good for the Tech?

Traditionally, the financial industry is built on a system where central authorities control access to money,

Cryptocurrency Market Jumps as Regulation Talks Slow

Top cryptocurrencies were stronger on Monday, cutting into their losses made a week earlier after the ....

Bitcoin Pullback to $23,730 over Market Worries

Following its recent upbeat, Bitcoin's (BTC-USD) price declined by about $200 to $23,730 on Friday

IMF Asks El Salvador to Address Bitcoin Risks

Risks over El Salvador's embrace of bitcoin "have not materialized," but use of the cryptocurrency ...

Bitcoin Tests $23,000 in Fresh Bull Run

There have been price uptrend in the cyrptocurrency market in the past few hours and the largest crypto asset...

Why Has Crypto Caught The Attention Of The Gaming Industry?

The gaming sector has long recognized the enormous potential of cryptocurrencies.

Bitcoin Hits $19,000 in Fresh Cryptocurrencies Rally

Bitcoin price spiked near $19,000 in the latest cryptocurrency assets rally after a long time of staying at the back

Coinbase Announces Plan to Dismiss 950 Workers

A cryptocurrency exchange, Coinbase Global said in a regulatory filing Tuesday that it plans to cut about 950...

Fintech

Flat6Labs Launches US$95m Seed Fund for Early-Stage Startups in Africa

Flat6Labs, a Middle East, North Africa (MENA) leading seed investor, has announced the launch of a new

Hackers Attack Flutterwave, Steal N2.949 Billion

Unnamed hackers have attacked the African financial technology company, Flutterwave, platform

CBN Enhances eNaira Features amid New Notes Scarcity

The Central Bank of Nigeria (C to address challenges faced by the unbanked and the underserved.

Fintech Companies to Battle Rising Online Frauds

A large number of financial technology –fintech- companies are battling with increasing online fraud ...

FairMoney Partners Oradian to Accelerate Growth

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