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Monday, September 25, 2023

Stanbic IBTC Surpasses One Trillion Naira in Market Value

Stanbic IBTC Holdings has surpassed N1 trillion in market value, according to data from the Nigerian Exchange.

GCR Puts Union Bank of Nigeria on Rating Watch Evolving

GCR Rating affirmed Union Bank of Nigeria Plc’s national scale long-term and short-term issuer ratings of BBB+

Nigeria Faces Debt Sustainability Threats, Default Not Impossible – Analysts

Default risk heightens as Nigeria has breached all debt control measures put in place to checkmate ...

Asset Managers Unpack Nigeria TBills Despite Liquidity Boost

The benchmark yield climbed as wealth, asset managers unpacked Nigerian Treasury bills in reaction to...

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Stanbic IBTC Surpasses One Trillion Naira in Market Value

Stanbic IBTC Holdings has surpassed N1 trillion in market value, according to data from the Nigerian Exchange.

GCR Puts Union Bank of Nigeria on Rating Watch Evolving

GCR Rating affirmed Union Bank of Nigeria Plc’s national scale long-term and short-term issuer ratings of BBB+

Nigeria Faces Debt Sustainability Threats, Default Not Impossible – Analysts

Default risk heightens as Nigeria has breached all debt control measures put in place to checkmate ...

Asset Managers Unpack Nigeria TBills Despite Liquidity Boost

The benchmark yield climbed as wealth, asset managers unpacked Nigerian Treasury bills in reaction to...

Egypt Keeps Interest Rate at 19.25%

The Central Bank of Egypt left its key overnight deposit rate unchanged at 19.25%, leaving the key .

AfreximBank Balance Sheet Expands by 8% to $30bn

AfreximBank Balance Sheet Expands by 8% to $30bn African Export-Import...

Analysis

Stanbic IBTC Surpasses One Trillion Naira in Market Value

Stanbic IBTC Holdings has surpassed N1 trillion in market value, according to data from the Nigerian Exchange.

Transcorp Hotels Pops 8.91%, Market Value Nears N501bn

Rated strong buy by a slew of equities analysts, Transcorp Hotels Plc maintained an uptrend with 8.91%

FX Loss: Analysts Differ on MTN Nigeria Earnings Outlook

MTN Nigeria Plc has continued to gravitate near N6 trillion in market capitalisation, racing towards reclaiming

Zenith Bank Shares Represent Secure Investment Opportunity –Futureview

Zenith Bank Plc represents a secure investment opportunity in the Nigerian stock market, Futureview Financial Services

Latest Business

ECONOMY

Inside Africa

Investment

T-Bills Yield Rises to 8.5% as CBN Defers Meeting

Due to selloffs, the average yield on Nigerian Treasury bills (NTB) rose by 59 basis points to 8.46%

How Much Tesla Shares Does Elon Musk Own?

Tesla is arguably among the most popular and most polarizing companies of all time

Nigeria Faces Debt Sustainability Threats, Default Not Impossible – Analysts

Default risk heightens as Nigeria has breached all debt control measures put in place to checkmate ...

Asset Managers Unpack Nigeria TBills Despite Liquidity Boost

The benchmark yield climbed as wealth, asset managers unpacked Nigerian Treasury bills in reaction to...

Access Plc Boosts Profit by 53%, Proposes 30k Dividend

Access Holdings Plc boosted its profit by about 53% year on year to N135.441 billion in the first half of 2023

Naira Gains 1.2% in Value as CBN Sells FX to Banks

The Nigerian naira rebounded moderately at the Investors' and Exporters' foreign exchange window,

Financial Products

Ecobank Unveils Back-to-School Packages for Customers

School Fees Loans: Ecobank Nigeria is offering special loan packages for parents and guardians to enable...

T-Bills Yield Rises to 8.5% as CBN Defers Meeting

Due to selloffs, the average yield on Nigerian Treasury bills (NTB) rose by 59 basis points to 8.46%

Rates Spike as PFAs, Banks Reduce Appetite in FGN Bonds

At DMO Auction, PFAs, banks other authorised market participants exhibit weak investing sentiments ...

Returns on Nigeria Bonds, T-Bills Steady as Naira Falls

The average returns on Federal Government of Nigeria (FGN) borrowing instruments, Bonds and Treasury bills

Benchmark Yield Dips after Investors Stake N1.54trn on T-Bills

The average on Nigerian Treasury bills (NTB) slumped to 8.2% after higher spot rates were offered...

Foreign Investors Demand for FGN Bonds Rise, Yield Dip

As a result of a fresh rally, the Federal Government of Nigeria Eurobonds prices surged in the international debt capital

Nigeria Bonds Prices Slump Over Selloffs

Amidst sustained negative interest yield on naira assets in the fixed income securities market

T-Bills Yield Slides to 8.28% Ahead of CBN Auction

The average yield on Nigerian Treasury bills (NTB) jerked down, reversing the selling rallies

Yields on Naira Assets Steady as Liquidity Dries

The average yield on Nigerian Treasury bills was steady at the secondary market yesterday due to thin, cold trading activities

Treasury Bills Yield Steadies, Money Market Rates Decline

It was a cold trading session in the Treasury bill market on Thursday as investors continued to weigh...

FIN MARKET

GCR Puts Union Bank of Nigeria on Rating Watch Evolving

GCR Rating affirmed Union Bank of Nigeria Plc’s national scale long-term and short-term issuer ratings of BBB+

Nigeria Faces Debt Sustainability Threats, Default Not Impossible – Analysts

Default risk heightens as Nigeria has breached all debt control measures put in place to checkmate ...

Asset Managers Unpack Nigeria TBills Despite Liquidity Boost

The benchmark yield climbed as wealth, asset managers unpacked Nigerian Treasury bills in reaction to...

Access Plc Boosts Profit by 53%, Proposes 30k Dividend

Access Holdings Plc boosted its profit by about 53% year on year to N135.441 billion in the first half of 2023

Naira Gains 1.2% in Value as CBN Sells FX to Banks

The Nigerian naira rebounded moderately at the Investors' and Exporters' foreign exchange window,

FG Awards Lagos-Calabar Coastal Highway to Hitech

The Federal Government is discussing the implementation of Lagos-Calabar coastal highway roadmap

Nigerian Bourse Down By N39bn as DANGCEM Price Falls

The Nigerian bourse market capitalisation went down by about N39 billion as negative price movement on Dangote Cement

BLOCKCHAIN

Binance P2P Announces Automated Payments for Crypto Trades

Binance P2P, a peer-to-peer trading platform, has introduced five new automated payment methods

Bitcoin Hits $26.5K as Digital Assets Rally

Bitcoin and other cryptocurrencies advanced Friday as risk-sensitive assets at large enjoyed gains

Opera Launches MiniPay, Stablecoin Wallet

Opera unveils MiniPay, a blockchain-based wallet built on the Celo blockchain. Directly integrated

Prices of Crypto Assets Fall on Retail Selloffs

Market prices of crypto assets fell on Wednesday due to retail investors selling down amidst global econo

PayPal Launches Stablecoin

PayPal Launches Stablecoin PayPal has announced the launch of a...

UK Rejects Call to Treat Crypto as Gambling

The United Kingdom (UK) government has rejected a recent House of Commons Treasury Committee

Standard Chartered Sets Target Price of $120,000 for Bitcoin

The price of the world's largest cryptocurrency Bitcoin could round the $50,000 mark by the end of this year

Bitcoin Rises to $30.7K, Gained 80% in First Half of 2023

Bitcoin and other cryptocurrencies record an uptrend as retail investors remained bullish ahead of the inflation

Cryptocurrencies Crash as Investors Pull Out $780m from Binance

Cryptocurrencies Crash as Investors Pull Out $780m from Binance

EU’s Crypto Legislation to Drive Cryptocurrency Prices

The EU Parliament’s passing of the Markets in Crypto Act, or MiCA, has been hailed as a “landmark moment”

Top Cryptocurrencies Struggle for Direction

Amidst uncertainties and rising demand for regulation in developed economies, most major digital assets

Fintech

NIBSS Profit Spikes 42% to N15.467 billion

Nigeria Inter-Bank Settlement System (NIBSS) annual profit spiked more than 42% to N15.467 billion

Bankly Unveils Microfinance Bank to Deepen Financial Inclusion

Financial Technology (FinTech) firm, Bankly, has unveiled Bankly Microfinance Bank, to deepen financial inclusion in the country.

FCCPC Derecognises Additional 18 Digital Money Lenders

In an effort to sanitise operators' activities in line with best practices, the Federal Competition and Consumer...

CBN, Central Bank of Egypt Set Up Fintech Bridge

The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding

EU to Ban Digital Brokers with Zero-Commission Trading

The European Union plans to implement a general ban on payment for order flow