Author: Julius Alagbe

Nigerian Breweries Returned to Profitability in Q1-2025 Nigerian Breweries Plc grew net profit to N44.6 billion in the first quarter of 2025, marking a strong recovery from a net loss of N52.1 billion in the equivalent period in 2024. This strong bottom line pushed up was informed by the company’s strong revenue growth, reduced cost pressures, and a sharp decline in foreign exchange losses in the first three month in the year, Its unaudited financial statement showed that Nigerian Breweries recorded a robust 68.9% year on year increase in revenue, reaching N383.6 billion, primarily driven by better-than-expected volume growth, as…

How to Make Money from Stocks, Forex or Cryptocurrency Trading The rules are the same: buy low, sell high. But it is not that simple if you don’t play your game right. Forex, stocks, and cryptocurrency can make you some good money, and then they can break you if you have not learned the basic rules. There are two types of investors. The ones that want to invest to protect their wealth and those that want to make money. Wealth managers always profile their clients differently based on these targets. High networth individuals have made enough to scale them through…

Paris Club Refund: Firm Files Contempt Charge against CBN A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and its Director of Legal Services, Salam-Alada Kofo, over a dispute on the Paris Club refund. The company instituted the suit marked: FHC/ABJ/CS/532/2025 before Justice Inyang Ekwo of the Federal High Court in Abuja. Cardoso and Kofo are facing contempt proceedings for allegedly failing to comply with a Supreme Court judgment that reversed the forfeiture of N1.22 billion and N220 million in an appeal by Melrose General Services. Justice…

Nigeria’s Macro Outlook Marked by Significant Uncertainty –IMF Nigeria’s macroeconomic outlook is marked by significant uncertainties, though the international Monetary Fund (IMF) expressed a view that the recent reform would help the country navigate external environment. Unfortunately, the reform has ushered increased poverty from rising costs and weakening standards of living while misery index has worsened sharply. The internal economy is bleeding profusely, but IMF if of the view that Nigerian authorities have taken important steps to stabilize the economy, enhance resilience, and support growth. “These reforms have put Nigeria in a better position to navigate the external environment, maintaining…

Moody’s Upgrades Outlook on Helios Towers to Positive Moody’s Ratings has changed the outlook on Helios Towers and HTA Group, Ltd. to positive from stable. At the same time, Moody’s analysts have affirmed the B1 long term corporate family rating (CFR), the B1-PD probability of default rating (PDR) of Helios Towers and the B1 rating of its $850 million backed senior unsecured notes issued by HTA Group, Ltd. due in 2029. The rating note said the outlook on Helios Towers was changed to positive from stable, reflecting the company’s ongoing deleveraging efforts, successful transition to generating positive free cash flow…

Insight into Forex Trading: Tips, Concepts, How and Why As a begining forex trader, you are are probably planning to head towards an uncharted territory where lions as the kings of the jungle. This is an arena where you will be tested based on what you know, what you think you know, and what you should know. With skills, FX traders could also become billionaires in the forex markets. The foreign exchange (forex) market has seen a strong increase in position taking in EUR and GBP, while the US dollar appears to be on traders sell lists in recent times…

CBN to Offer N400bn Treasury Bills for Subscriptions The Central Bank of Nigeria (CBN) will open N400 billion worth of Nigerian Treasury bills (NTB) for investors’ subscriptions at the primary market auction scheduled for next week. The auction, which is expected to be led by the Debt Management Office (DMO) on behalf of the monetary authority, will see offers across standard maturities: 91-day, 182-day, and 364-day bills. The authority was unavoidably absent in the just concluded week with zero offers, as analysts said DMO will more likely increase its borrowing plan to cater to the Nigerian government’s revenue shortfall following…

Naira Mixed as 9-Day Defensive FX Interventions Reduce Volatility The naira closed the trading session on a mixed note in the foreign exchange markets, while the exchange rate movements were influenced by the Apex Bank’s nine consecutive days of selling US dollars to authorised dealer banks. The naira depreciated near N1600 at the Nigerian Foreign Exchange Market (NFEM), which is the official exchange rate platform for the Central Bank. However, the naira appreciated by 1.29% in the parallel market to settle at N1,599.30. In what appeared to have become a norm, participants in the currency market largely anticipated FX sales…

CBN FX Rates for US Dollar, Sterling, Euro, Rand – Others The Central Bank of Nigeria (CBN) forex market data showed that the US dollar, sterling, and euro strengthened against the local currency, the naira, in the official window. Data from the Nigerian Foreign Exchange Market (CBN) showed that the naira closed at N1599.7991, losing 5 basis points from the previous close on Wednesday despite rounds of foreign currency supplied to authorised dealer banks. Exchange rates for the British pound, euro, and CFA also worsened on the day due to mild demand pressure that has kept the naira under intense…

AIICO Eurobond Yield Climbs to 7.17% in March AIICO Eurobond yield inched higher to 7.17% for the month of March, an official statement from the investment firm revealed. The Eurobond Fund closed March 2025 with a yield of 7.17%, reflecting an improvement from 7.02% in the previous month, the investment firm said in a note. According to AIICO Capital Limited, this uptick was primarily driven by the reinvestment of coupons and strategic positioning in high-yielding Eurobonds acquired at attractive valuations, in line with our commitment to long-term value creation. The investment managers explained that the Eurobond market exhibited notable volatility…