P2P: EFCC Freezes 300 Accounts over Suspicious FX Inflows

P2P: EFCC Freezes 300 Accounts over Suspicious FX Inflows

Equities Investors Lost N200bn as Nestle, FBNH Tumble

Equities investors on the floor of the Nigerian Exchange (NGX) lost about N200 billion, reversing positive uptrend

Oil Prices Increase on Tight Supply Outlook

Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

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P2P: EFCC Freezes 300 Accounts over Suspicious FX Inflows

P2P: EFCC Freezes 300 Accounts over Suspicious FX Inflows

Equities Investors Lost N200bn as Nestle, FBNH Tumble

Equities investors on the floor of the Nigerian Exchange (NGX) lost about N200 billion, reversing positive uptrend

Oil Prices Increase on Tight Supply Outlook

Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and

New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch

The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash

Analysis

Jaiz Bank Shrinks by 15% Ahead of Board Emergency Meeting

JaiZ Bank Plc lost 15% of its market valuation on the Nigerian Exchange as shareholders sold down interest ahead

Transcorp Power Profit Skyrockets by 665% to N20bn in Q1

Transcorp Power Plc bolstered profit performance by more than 665% year on year in the first quarter of 2024,

Wema Bank Backed Juli Plc Registers 46% Valuation Surge

Wema Bank Backed Juli Plc Registers 46% Valuation Surge Wema...

NEM Spikes 45% as Insurer’s Strong Float Attracts Buyers

NEM Insurance Plc gained weight as the company’s market valuation jumped by more than 45% despite seesaw performance

Latest Business

ECONOMY

Inside Africa

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

0
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and
New Cash Reserve Regime to Weaken Ghanaian Bank Profits - Fitch

New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch

0
The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash
Fitch Affirms Rwanda at B+, Projects 6.5% Economic Growth

Fitch Affirms Rwanda at B+, Projects 6.5% Economic Growth

0
Fitch Ratings has affirmed Rwanda's credit rating at 'B+' with a stable outlook. In its latest update, Fitch stated

Investment

Equities Investors See N420bn as MTNN, TRANSPOWER Rally

Buying interest in MTN Nigeria (Ticker: MTNN), Transcorp Power Plc (Ticker: TRANSPOWER) and Dangote Sugar Refinery

Equity Market Drops N51bn

Equity Market Drops N51bn The market capitalisation of the Nigerian...

Oil Prices Increase on Tight Supply Outlook

Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels

The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity

FG Recovers N57bn Debt From 10 MDAs, Says Official

The Director, of Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered

Financial Products

Ecobank SuperSavers Account Holders Get Up to 9% Interest Rate

Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group ...

Nigerian Bourse Rebounds with N902bn Daily Gain

Bulls stage comeback into the Nigerian Exchange (NGX), gaining N902 billion after two days bloodbath ....

Yield Climbs as CBN Increases Rates on Treasury Bills

The average yield climbed as the Central Bank of Nigeria (CBN) increased spot rates on Nigerian Treasury Bills auctioned ...

Selloffs Provoke Spike in Nigerian Treasury Bills Yield

The average yield on Nigerian Treasury bills increased by 11 basis points to 3.4% following selloffs ....

Odu’a Investment Plans to List on Nigerian Exchange

Odu’a Investment Plans to List on Nigerian Exchange Odu’a Investment...

Nigeria’s Sovereign Eurobond Yield Dips Below 10%

Due to strong buying interest, Nigeria’s sovereign Eurobond yield has dipped below 10%, according to an investment

Benchmark Yield Shrinks as Bonds Market Rallies

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

Equities Investors Combine Wealth Grows to N44Trn -NGX

The Nigerian Exchange (NGX) All-share index hit an all-time high as a result of sustained bargain hunting ...

Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos

Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos Gov. Babajide...

NGX Gains N85bn as Investors Park Cash in Banking Stocks

As equities investors continue to grow, the equities market capitalisation of the Nigerian Exchange

FIN MARKET

Equities Investors Lost N200bn as Nestle, FBNH Tumble

Equities investors on the floor of the Nigerian Exchange (NGX) lost about N200 billion, reversing positive uptrend

Oil Prices Increase on Tight Supply Outlook

Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels

The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity

FG Recovers N57bn Debt From 10 MDAs, Says Official

The Director, of Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered

Dangote Crashes Diesel, Aviation Fuel Prices Further

Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively

IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC

The Independent Marketers Association of Nigeria (IPMAN) says petrol availability has been erratic

Cryptocurrency

Bitcoin Drops by 10% to $67K as Crypto Rallies Retrace

Market prices of largest digital asset bitcoin and other cryptocurrencies fell on Friday

Bitcoin Hits $60K First Time in 2-Year

Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new U.S. spot bitcoin exchange-traded products fuelled a

Is a New Bitcoin All-Time High in Sight?

Bitcoin surpassed $59,000 in price on Wednesday, and it could hit a new all-time high within weeks...

Bitcoin Rises to $51,800 as ETF Inflows Hit $4bn

The cryptocurrency market continues to inch higher as the price of the largest digital asset is getting close to $52,000

Tether USDT Swings on Volatile Price Movements in Crypto Market

Tether USDT Swings on Volatile Price Movements in Crypto Market

Bitcoin ETF Approval Acknowledges Cryptocurrency as Viable Asset Class

Cryptocurrency: The recent approval of the Bitcoin Exchange Traded Fund (ETF) has become a testament ...

Bitcoin Declines on Liquidated Short Positions

Bitcoin Declines on Liquidated Short Positions The world's largest crypto...

Bitcoin Price Jump Fuelled by Scandal Crackdowns, Central Bank Expectations

Bitcoin topping $40,000 is because - not despite - the recent scandals are clearing out the bad actors from the market, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations.

Fintech

Fintech Startup Thepeer Shut Down after $2.1m Seed Round

Nigerian fintech startup Thepeer, which provided Application Programming Interface (APIs) allowing customers to

Fintech Funding Declines by 16% in Three Months

Due to shifting investors’ sentiment, global funding in the fintech sector has fallen to its lowest level since 2017,

Zeepay Raises Equity to Support Ongoing Expansion

Ghanaian fintech company Zeepay Ghana has announced the completion of an equity investment by pan-African investment firms

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance Flutterwave...

Flutterwave to Shutdown Creator Platform Disha on March 31

Disha, the no-code platform for creator platform acquired by Flutterwave in 2021