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NGX Return Hits 24.4% as Investors Raise Stakes

The Nigerian Exchange (NGX) year to date return hits 24.4% year-to-date as bulls held sway in the local bourse

Manufacturing Sector Grows by 2.28% in Q4-2021

The Manufacturers Association of Nigeria (MAN) says the sector recorded a 2.28 per cent growth rate

Food Prices Increase over 12 Months in Nigeria -NBS

The National Bureau of Statistics (NBS), says the prices of selected food items have increased

TRADE X Opens Lagos Office to Meet Growing Demand for Vehicles

TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada,

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NGX Return Hits 24.4% as Investors Raise Stakes

The Nigerian Exchange (NGX) year to date return hits 24.4% year-to-date as bulls held sway in the local bourse

Manufacturing Sector Grows by 2.28% in Q4-2021

The Manufacturers Association of Nigeria (MAN) says the sector recorded a 2.28 per cent growth rate

Food Prices Increase over 12 Months in Nigeria -NBS

The National Bureau of Statistics (NBS), says the prices of selected food items have increased

Fitch Affirms Morocco at ‘BB+’ with Stable Outlook

Fitch Ratings has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+'

IMF Advocates New Public Payment System

Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) has called for a new public

Analysis

Nestlé Nigeria: Inflation Tempers Margin, Sales Grow for 23 Years

Nestle Nigeria Plc.’s revenue growth will be sustained in the financial year 2022, analysts at CardinalStone

Lafarge Africa Doing Well, Balance Sheet Remains Healthy

A member of Holcim group, Lafarge Africa Plc, is doing well in terms of earnings performance

Access Bank Rated Strong Buy, Analysts Estimate 33% Upside

Nigeria’s largest bank by total assets, Access Bank Plc, has been rated a strong buy, though equity analysts

TotalEnergies: Analysts Ask Investors to Bet on Premium Marketer

Following a strong earning outturn in the first quarter of the financial year 2022, equity analysts

LATEST BUSINESS

ECONOMY

INVESTMENT
INVESTMENT

Wealth Managers Believe Client Risk Assessments Must Improve

Wealth managers in the middle east, and North Africa (MENA) believe risk assessment for clients

Market Return Nears 14% as Investors Hunt Value Stocks

The equity market segment of the Nigerian Exchange (NGX) year to date returns now nearing 14% as investors continue to positioning

Food Prices Increase over 12 Months in Nigeria -NBS

The National Bureau of Statistics (NBS), says the prices of selected food items have increased

TRADE X Opens Lagos Office to Meet Growing Demand for Vehicles

TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada,

Dollar Declines ahead of U.S GDP Data Release

The United States (U.S) dollar declined against its major trading partners early Thursday

Crude Oil Prices Jump as U.S Inventories Fall

Global prices of crude oil grades inched higher on inventory drawdowns in the United States

FINANCIAL PRODUCTS
FINANCIAL PRODUCTS

How to Buy, Sell Federal Government Bonds

Investors with low-risk profiles are the key buyers of fixed income securities. This is due to near-zero

Equity Investors Gain N1.2 Trillion in 5-Day amid Rally

Equity investors' fortune expanded strongly in the just concluded week with a whopping N1.2 trillion

U.S Fed Hikes Benchmark Interest Rate

The United States (U.S) Federal Reserve on Wednesday raised its benchmark overnight interest rate

NASD OTC Sinks over Selloffs in VFD Group, Friesland Campina

The NASD over-the-counter market for trading unlisted stocks fell by more than N97 billion

Foreign Investors Sidestep Naira Assets

Foreign portfolio investors have left more portion of the Nigerian stock market to locals

Sell Pressures Push Bond Yield Higher 16bps, T-bills Ends Quiet

Sell pressures on the Federal Government of Nigeria (FGN) bond lifted the average yield higher

Bond, T-Bills See Yields Rising, FGN Eurobond Falls

The average yield on the Federal government of Nigeria (FGN) bond inched higher

NASD Nears N1trn as Access Bank Goes to OTC Exchange

National Association of Securities Dealers (NASD) over-the-counter market capitalisation was boosted

T-Bills Muted as Selloffs Push FGN Bond Yield to 10.70%

The Nigerian Treasury bills market remains muted as average yield on Federal Government of Nigeria

Nigerian Stock Market Rout Wipes Off N109bn in Value

The Nigerian stock market rout wipes off more than N109 billion from equity capitalisation

FX Markets

Manufacturing Sector Grows by 2.28% in Q4-2021

The Manufacturers Association of Nigeria (MAN) says the sector recorded a 2.28 per cent growth rate

Food Prices Increase over 12 Months in Nigeria -NBS

The National Bureau of Statistics (NBS), says the prices of selected food items have increased

TRADE X Opens Lagos Office to Meet Growing Demand for Vehicles

TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada,

Dollar Declines ahead of U.S GDP Data Release

The United States (U.S) dollar declined against its major trading partners early Thursday

Crude Oil Prices Jump as U.S Inventories Fall

Global prices of crude oil grades inched higher on inventory drawdowns in the United States

Blockchain

Terra to Launch Spin-Off Blockchain

The governance vote to create a new Terra blockchain with new LUNA tokens

LUNA Valuation Rises as Token Begins to Recover Loss

Terra (LUNA) makes a slight comeback after its market capitalization and price tanked weeks ago.

Cryptocurrencies Rebound Slightly, Bitcoin Trades at $30,000

Having inched upward 1.6% in the last 24 hours, most of the major digital assets were trading

SEC Publishes Rules on Cryptocurrency, Exchange to Register with N30m

The Securities and Exchange Commission (SEC) has published rules on cryptocurrency for the Nigerian market, detailing rules and requirements for traders.

Cryptocurrencies Dangle as Tether Breaks Peg to USD

Cryptocurrencies prices have been impacted as Tether breaks its peg to the United States dollar

Bitcoin Sinks 40% from Year High to $28,600

The oldest and most expensive crypto asset, Bitcoin (BTCUSD) fell 8.89% in the past 24 hours

Bitcoin, Ethereum Crash, Market Cap Hits Low

Bitcoin, Ethereum and other top traded cryptocurrencies crash as the market capitalisation of all digital

Bitcoin, Ethereum, Others Dip on Retail Selloffs

Bitcoin, Ethereum and other digital assets in the top category by market valuation fell in the low single-digit

Treasures Hunters See Slowdown in Naira Value of Cryptoassets

Naira value of Bitcoin unit is selling at N16.577 million on Wednesday after the largest cryptocurrency

BitDegree to Launch the First Metaverse That Pays Users to Learn

BitDegree, a blockchain-enabled e-learning platform, has announced the first crypto learning metaverse

Metaverse: Mastercard Files 15 NFTs Trademarks Applications

Mastercard has signalled its entry into the metaverse by filing 15 trademarks applications

Bitcoin Estimated to Hit $75k as Panic Sellers Feed BTC Whales

Bitcoin will recover from the current crypto crash to hit a fresh all-time high of $75,000 by the end of 2022

Mobile Banking/Fintech

SmartCash Payment Service Bank Begins Operation in Nigeria

Following its final approval by the regulators, SmartCash Payment Service Bank Limited

Interswitch Raises $110 Mln to Expand Digital Payments

Interswitch, a financial technology-driven company, has raised a strategic investment of $110 million

Halo Financial Launches ‘Ajo’ Platform to Promote Savings

Halo Financial Services Ltd., a fintech start-up, has launched an innovative platform into the Fintech

DLM Capital Unveils Sofri Digital Bank

DLM Capital Group, a development investment bank, has unveiled its digital bank – Sofri, a one-stop-shop mobile app, to provide innovative, simple, and convenient services to its stakeholders.

MTN Gets Final Approval to Commence MoMo Payment Service Bank

MTN Nigeria has obtained final approval to commence mobile money (MoMo) Payment Service Bank

Inside Africa

Fitch Affirms Morocco at ‘BB+’ with Stable Outlook

Fitch Ratings has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+'

IMF Advocates New Public Payment System

Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) has called for a new public

Geregu Power to Issue ₦40 Billion Unsecured Bonds

Geregu Power Plc.’s has concluded an arrangement to issue a series 1 offer of up to ₦40 billion

Interswitch Fund Raise Reduce Largest Shareholder’s Stake, Risk –Moody’s

The largest shareholder’s interest in Interswitch has reduced as the Nigerian payment company

First Pension Custodian to Acquire Access Pension Fund

First Pension Custodian has initiated a move to acquire 100% interest in a rival company, Access Pension Fund

Fidelity Bank Rated Hold, Price Target Upgraded

Tier-2 lender, Fidelity Bank Plc share has been downgraded from buy to hold rating as equity analysts’ price

GCR Downgrades FSDH Asset Management over Financial Erosion

GCR Ratings has downgraded FSDH Asset Management Limited’s national scale long-term issuer rating
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