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Monday, August 15, 2022

Bonds, T-Bills Steady as Inflation Worsens Returns on Naira Assets

Trading activities on Federal Government of Nigeria (FGN) bonds and Treasury bills were relatively quiet...

Geregu Power to Raise N95bn from Capital Market, Banks

Geregu Power to Raise N95bn from Capital Market, Banks

Nigerian Bourse Closed in Red as Inflation Worsens

The Nigerian Exchange (NGX) for trading listed companies' stocks traded in red again on Monday...

DFC Disburses $83m for Africa Data Centres

International Development Finance Corporation (DFC) today announced the first disbursement of $83 million...

Latest stories

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Bonds, T-Bills Steady as Inflation Worsens Returns on Naira Assets

Trading activities on Federal Government of Nigeria (FGN) bonds and Treasury bills were relatively quiet...

Geregu Power to Raise N95bn from Capital Market, Banks

Geregu Power to Raise N95bn from Capital Market, Banks

Nigerian Bourse Closed in Red as Inflation Worsens

The Nigerian Exchange (NGX) for trading listed companies' stocks traded in red again on Monday...

DFC Disburses $83m for Africa Data Centres

International Development Finance Corporation (DFC) today announced the first disbursement of $83 million...

Ghana’s Widening Tax Base to Reduce Fiscal Shortfall

Ghana’s widening tax base and stronger oil receipt will reduce her fiscal shortfall amidst uncertainties...

Analysis

Custodian Plc.’s Capital Position Keeps Insurer on Track

Custodian Investment Plc, a company formed after a successful merger of Custodian ...

Unilever Nigeria Plc.’s Large Earnings Miss Clouds Profit Outlook

Unilever Nigeria Plc (Ticker: Unilever) was unable to buck its weak performance record as the company’s

Nigeria’s Public Debt + FG Borrowings from CBN Ways & Means = N60trn

Nigeria’s true total public debt equals N41.604 trillion declared on the Debt Management Office

FCMB: Tight Capital, Balance Sheet Dollarisation Pose Risks to Earnings

Despite a higher risk appetite, FCMB Plc remains less profitable compared with its peers in the Nigerian banking sector

LATEST BUSINESS

ECONOMY

INVESTMENT
INVESTMENT

Nigeria’s PMI Indicates Economic Recovery Underway, Albeit Slow

Following positive macroeconomic direction recorded in the fourth quarter...

Rising Fiscal Deficit, Weak Naira Fuel Nigeria’s Debt Burden –Analysts

Pandemic-induced fiscal deficit and devaluation of the local currency, Naira,

Nigerian Bourse Closed in Red as Inflation Worsens

The Nigerian Exchange (NGX) for trading listed companies' stocks traded in red again on Monday...

DFC Disburses $83m for Africa Data Centres

International Development Finance Corporation (DFC) today announced the first disbursement of $83 million...

Seplat: No Rating Impact from Delay to Purchase Exxon’s Nigerian Asset –Fitch

The delay to, or possible cancellation of, Seplat Energy Plc.’s acquisition of Mobil Producing Nigeria Unlimited (MPNU)

Dollar Mixed After Market Correction, Fed to Stay on Track

The US dollar was mixed against its major trading partners early Monday amidst mounting pressures in the global economy

FINANCIAL PRODUCTS
FINANCIAL PRODUCTS

Stock Market Lost N571bn as CBN Spot Rates Rise

The Nigerian stock market lost about N571 billion across five trading sessions as equities investors

Capital Market Master Plan Promotes Transparency, Confidence – SEC

The Securities and Exchange Commission (SEC) says the Capital Market Master Plan (CMMP) initiatives

NASD Securities Exchange Steadies, Return Eclipsed by Inflation

The NASD Over-the-counter market year-to-date return was steady following a moderate gain on unlisted...

Equities Market Trades Flattish after Big Loss

The equities segment of the Nigerian Exchange (NGX) is currently trading on a flattish note after more than N614 billion

Bonds, T-Bills Prices Drop on Sell Pressures, Naira Hits N431

The average yield on Nigerian Treasury bills cleared at 7.5% ahead of the Central Bank primary market auction on Wednesday

Sell Pressure, Assets Repricing Drive Bonds, T-Bills Yields Up

The average yields on fixed income securities see a sharp rise as investors began to renegotiate spot

Selloffs in Banks Shares, IntBrew Trigger Mid-day Loss on NGX

Equities investors in the Nigerian Exchange (NGX) continue previous day selling rallies as banking stocks

Higher Spot Rates on T-Bills Auction Drive Yields Upward

Reacting to higher spot rates on the Central Bank of Nigeria’s (CBN) primary market auction for Nigerian Treasury

Gold Sinks to 16-Month Low as U.S Inflation Skyrockets

Gold prices fell to a 16-month low early Wednesday after the United States reported inflation

DMO to Raise N720 billion from Local Debt Market in Q3

Debt Management Office (DMO) has revealed a plan to borrow N720 billion in the third quarter of 2022

FX Markets

Geregu Power to Raise N95bn from Capital Market, Banks

Geregu Power to Raise N95bn from Capital Market, Banks

Nigerian Bourse Closed in Red as Inflation Worsens

The Nigerian Exchange (NGX) for trading listed companies' stocks traded in red again on Monday...

DFC Disburses $83m for Africa Data Centres

International Development Finance Corporation (DFC) today announced the first disbursement of $83 million...

Seplat: No Rating Impact from Delay to Purchase Exxon’s Nigerian Asset –Fitch

The delay to, or possible cancellation of, Seplat Energy Plc.’s acquisition of Mobil Producing Nigeria Unlimited (MPNU)

Dollar Mixed After Market Correction, Fed to Stay on Track

The US dollar was mixed against its major trading partners early Monday amidst mounting pressures in the global economy

Blockchain

China Intensifies Crackdown on Cryptocurrency

China’s internet watchdog on Tuesday said it had intensified a crackdown on illegal online...

Bitcoin Retreats, Year to Date Loss Stretches to 51%

Amidst a seesaw price movement across crypto exchanges, major digital assets retreated in the low...

Prices of Major Cryptocurrencies Retreat, Market Cap Tracks Lower

Again, market capitalisation of cryptocurrencies fell below $1 trillion following weak corporate and retail investors’

Bitcoin Gives Up Gain as Top Cryptocurrencies Decline

As the market begins to make a fresh uptrend, there was a selloff on large-cap cryptocurrencies

Crypto Market Rallies on Ethereum Merge Upgrade

After several weeks of painful headlines, crypto markets saw some relief to start the week...

BTC Down 70% from 8-Month High as Miners Unload Assets

Following a 70% decline since November 2021 peak price, Bitcoin has maintained 2022 lows

Cryptocurrencies Sink, Bitcoin, Ethereum Trade Lower

Bitcoin (BTCUSD), the largest cryptocurrency by market value, slipped 4.3% in the past 24 hours

How Has eNaira Performed?

eNaira is still struggling for acceptance despite an array of benefits listed by the Nigerian monetary...

Bitcoin, Ethereum Struggle with Market Downturn

Major digital assets are struggling to break out but the cryptocurrencies market downturn holds back uptick

OneCoin’s Cryptoqueen on FBI’s Most-Wanted Lists for $4Bn Fraud

A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin

Cryptocurrencies Struggle Over Weak Buying Catalysts

Top cryptocurrencies struggle to buck the downward trend as retail investors continue to trade...

Islamic Coin Gets Fatwa from Muslim Scholars

Islamic Coin (ISLM), a Shariah-compliant digital currency has gotten itself a Fatwa, from Muslim authorities

Mobile Banking/Fintech

9PSB, SeerBit Partner to Provide Seamless Customer Experience

Nigeria’s pioneer and foremost Payment Service Bank, 9Payment Service Bank (9PSB) and SeerBit

Digital Banking, Payments Revolution Drive Nigeria’s Economic Growth, Financial Inclusion

Nigeria’s real-time and digital payments revolution is driving economic growth and financial inclusion...

CBN Moves to Introduce USSD Code for eNaira

The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary

MFS Africa to Acquire U.S Prepaid Card Processor GTP

Africa’s largest digital payments network, MFS Africa says it has reached an agreement to buy Global Technology Partners

GTCO Gets Approval for HabariPay to Commence Operation

Guaranty Trust Holding Company (GTCO Plc) said it has obtained approval for the operation

Inside Africa

DFC Disburses $83m for Africa Data Centres

International Development Finance Corporation (DFC) today announced the first disbursement of $83 million...

Ghana’s Widening Tax Base to Reduce Fiscal Shortfall

Ghana’s widening tax base and stronger oil receipt will reduce her fiscal shortfall amidst uncertainties...

Fitch Rates Dangote Industries’ Corporate Governance Weak

Dangote Industries Limited has been rated weak in Fitch Ratings’ corporate governance assessment

MTN Accelerates Investment into Broadband Coverage in H1

MTN Group reported a resilient performance in the first half of 2022, balancing an accelerated investment...

New Fees on Adverts, Promos not Double Taxation – NCC

The Nigerian Communications Commission (NCC) says payment on advertisements and promotions...

Seplat Shares Jump 13% on LSE, Flat in Nigerian Bourse as Mobil Deal Clears

Seplat Energy Plc has price remains steady at N1430.50, its seventh day trading print after the company..

Caverton Profit Sinks 74%, CEO Says Group Faces Headwinds

Caverton Offshore Support Group Plc, the leading provider of marine, aviation and logistics services
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