Author: Julius Alagbe

Tantalizer Plc has announced that the group has received N2 billion from RGM Materials Solutions Limited for 10% equity in its entertainment subsidiary, Tantainment Limited.

Côte d’Ivoire has been lauded for making remarkable progress in reducing the country’s macroeconomic imbalances. 

The Nigerian Exchange (NGX) market capitalisation swelled as equities investors gained N1.9 trillion over a sustained bullish trend in the local bourse.

Amidst geoeconomic uncertainty and the global central banks’ monetary easing trend, offshore investors shifted their attention to African Eurobonds. With yields declining, Nigeria’s sovereign notes courted foreign portfolio investors’ attention at the international market, along with demand in Angola and Egyptian notes. The yield contraction demonstrated strengthening interest and positive confidence among global investors toward the nation’s dollar-denominated sovereign debt. Oil-linked issuers still offer relatively high yields compared with advanced economies, though political and economic risks are not at par, leaving a wide difference in borrowing costs. Investors sentiments on Nigeria’s papers have increased since economic reforms, and by extension…

Wema Bank Plc hit N1 trillion in market capitalisation as the Tier-2 lender’s 2025 earnings boosted investors’ buying interest in the domestic equity market.

Automobile and auto part retailers, R. T Briscoe Plc’s share price increased by about 61% over five trading sessions in the Nigerian stock market as investors chased cheaper companies.

The U.S. dollar fell against its major counterparts in the global forex market on Friday’s close, while Washington remains unfazed over the weak dollar index.

PayPal’s ‘A-’rating is unchanged following recent financial results, Fitch Ratings said in a non-rating commentary note.

Nigeria, Egypt Yields Up as African Issuers Face Sell Pressure Led by sell pressure in Nigeria, Egypt, and Angola issuers, the African Eurobonds market traded largely bearish due to investors’ reaction to geoeconomic uncertainties and policy choices. Oil-linked African issuers’ yields edged higher as foreign investors reacted to various macroeconomic data, such as higher-than-expected U.S. weekly jobless claim data. The market risk-off positions heated up significantly after the Bank of England (BoE )’s dovish interest rate decision and rising tension ahead of U.S. –Iran negotiation. Oil prices eased due to easing tensions in the global commodity market. The U.S. and…

NIMASA Mulls Expansion of Deep Blue Project The Nigerian Maritime Administration and Safety Agency (NIMASA) is considering an expansion of the Deep Blue project, whose impact has been felt across the Gulf of Guinea. The project has also gained global recognition in ensuring sustainability. The Director-General of NIMASA, Dr Dayo Mobereola, made this known in a statement through the Head of Public Relations Unit of the Agency, Mr Edward Osagie, on Thursday. The NIMASA boss, on his strategic visit to the Chief of Naval Staff (CNS), Vice Admiral Idi Abass, at the Naval Headquarters, Abuja, on Thursday commended the Navy…