Month: September 2024

Oil Prices Dip on US Crude Stock Build, Fed Rate Cut Oil prices fell as data indicate an unexpected increase…

Geregu Power Sets for Fresh Uptrend, Hits All-Time High Geregu Power Plc has set a fresh record, breached resistance to…

NPF Microfinance Bank to Pay Dividend to Shareholders NPF Microfinance Bank Plc has declared a final dividend of 12 kobo…

Fidson, Chinese Firms to Build Pharmaceutical Plant in Lagos Fidson Healthcare Plc has signed a Strategic Cooperation Memorandum with Jiangsu…

Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge It was seller market during the midweek in the secondary market as…

Investors, bondholders refused to give up Federal Government of Nigeria (FGN) bond buying in the secondary market after disinflation raised real return on naira assets.

Interbank rates crossed the 31% benchmark as the liquidity level in the financial system remains in negative territory.  Due to a weak funding profile in the financial system, money market rates have remained elevated.

US Federal Reserve slashed fed fund rates by 50 basis points (bps) as hawkish monetary policy has now expired. In a statement, the Fed said recent indicators suggest that economic activity has continued to expand at a solid pace.

Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform gained more than N316 billion due to positive price appreciation is some bellwethers on Wednesday.

The Federal Inland Revenue Service (FIRS) says it will introduce the FIRS e-Invoice, a digital solution for managing invoices, in line with the Tax