Inside Africa
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
Zimbabwe Implements IMF’s e-GDDS Portal
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 ...
