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Inside Africa
Fitch Affirms Rwanda at ‘B+’ with Stable Outlook
Fitch Ratings affirmed Rwanda's credit ratings with a stable outlook,
Investment
UBA, OANDO Drive Nigerian Exchange Higher by N58bn
UBA, OANDO Drive Nigerian Exchange Higher by N58bn
Positive price...
FBN Holdings Keeps Uptrend Ahead of ‘Offer’ Pricing
FBN Holdings Keeps Uptrend Ahead of ‘Offer’ Pricing
FBN Holdings...
NLC Urges NASS to Expedite Modalities for Minimum Wage Coverage
The Nigeria Labour Congress (NLC) has called on the National Assembly (NASS) to expedite action on modalities for the coverage of the new natonal minimum wage.
Naira Gains 5.4% as FX Crisis Eased, Market Expects FX Sales
The Naira rallied strongly against the US dollar in the foreign exchange (FX) market at the beginning of the week after negative outing in the recent past week.
CAF to Investigate Super Eagles’ ‘disturbing’ Ordeal at Libyan Airport
The Confederation of African Football (CAF) says it has launched an investigation into the “disturbing” treatment of Nigeria’s Super Eagles at the Al Abraq
FG summons Libya’s Chargé D’Affaires Over Super Eagles’ Maltreatment
The Federal Government on Monday summoned the Libyan Chargé d’Affaires over the maltreatment of Super Eagles at Al Abraq International Airport
Financial Products
Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge
Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge
It was seller market during the midweek in the secondary market as investors unbundled their naira asset...
Nigerian Big Banks Market Value Expands to N4.54 Trillion
Nigerian Big Banks Market Value Expands to N4.54 Trillion
The...
Yield Hits 19.8% as Uncertainties Stoke Selloff in Bond Market
Yield Hits 19.8% as Uncertainties Stoke Selloff in Bond...
Nigerian Equities Market Shrinks as Investors Lose N25bn
Nigerian Equities Market Shrinks as Investors Lose N25bn
The equities...
Stanbic IBTC Adds Fixed Income Asset into Securities Lending Services
Stanbic IBTC Adds Fixed Income Asset into Securities Lending...
Naira Gains as Nigeria Records Additional FX Inflow
The Nigerian local currency, the naira, experienced a slight gain against the US dollar in the official FX market on Tuesday as Nigeria recorded additional foreign currency inflows into external reserves.
PFAs Invest 63% of Pension Assets in FG Securities
Pension Fund Administrators (PFAs) parked 63% of pension assets in federal governPension Fund Administrators (PFAs) parked 63% of pension assets in federal government debt securities as assets under management climbed to N20.2 trillion in May.ment debt securities as assets under management climbed to N20.2 trillion in May.
Ecobank Advises Businesses to take advantage of its Single Market Trade Hub
Ecobank Advises Businesses to take advantage of its Single Market Trade Hub
FGN Bond Selloffs Provoke 16bps Yield Surge
Investors sold off part of their bond holdings in the secondary market on Wednesday ahead of inflation data for the month of June, 2024.
Buying Interest in Financial Stocks Drives Midday Gain on NGX
With relatively healthy buying interest, GTCO, Access Holdings and UBA Plc were among other Nigerian banking names driving momentum on the Nigerian Exchange (NGX) during early trading hours on Wednesday.
