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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...
Market Regulator Issues Update on Transcorp, LASACO, Nigerian Breweries
Stock market regulator, the Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp), effective Thursday.
EFCC Declares Oil Mogul, Akinduro, Wanted over Alleged Fraud
The Economic and Financial Crimes Commission (EFCC) has declared an oil mogul, Bolaji Akinduro, wanted over alleged fraud.
Equities Investors Wealth Rises as Nigerian Exchange Rally
Equities investors on the Nigerian Exchange (NGX) ended the trading activities for the week on a positive note as sentiment improved. Based on transactions
SPDC JV Partners Sign Agreement for $3.5bn Brass Fertiliser, Petrochemical Project
The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical
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.
