Year: 2024

The Federal Government has secured a loan facility of 134million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country.

Access Holdings Plc has announced that its banking group’s, subsidiary, the Access Bank UK Limited has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited. In a statement, the group said Afrasia bank is Republic of Mauritius’ fourth largest bank by total assets.

Prices of crude oil decline over rising U.S dollar. The global commodity market trading bearish ahead of US Federal Reserve (Fed) Chairman Jerome Powell speech. The U.S Fed chair is scheduled to speak on the economic outlook after inflation surge triggered caution markets temperature. Strong dollar has raised energy costs for major importers –China, US and India amidst geopolitical tensions.

Bitcoin price is trading above $90,000 early on Thursday across cryptocurrency exchanges over swinging trading patterns post U.S election victory.  The largest cryptocurrency has since the U.S election gained 30% as retail investors continue to take position on Donald Trump pledge to boost regulation.

NNPC Board Makes Key Leadership Appointments, Gets New CFO The Board of Directors of Nigerian National Petroleum Company Limited (NNPC…

Nigeria’s Eurobonds Yield Rises 7bps after U.S Inflation Jumps Average yield on Nigerian Eurobond rose by 7 basis points (bpd)…

The money market rates heated up further due to deficit balance in the financial system. The short-term benchmark rates continue to surge in the week after successive primary auction sales caused huge outflow in recent past week.

Manufacturers Association of Nigeria (MAN) has solicited the support of both Nigerians and the government for Dangote Refinery to enable it to perform optimally. The support they canvassed will also serve as an impetus for other investors to invest in the downstream sector of the petroleum industry in the country.

The naira exchange rate improved in the foreign exchange (FX) market midweek due to improve US dollar liquidity.   According to spot data from the FMDQ platform, the naira appreciated by 2.63%, closing at ₦1,645.40 per US dollar at the official market.

NNPC Signs 10-Year Deal to Supply Gas to Dangote Refinery The NNPC Gas Marketing Limited (NGML), a subsidiary of the…