Moody’s Ratings has upgraded the long-term foreign-currency issuer rating of the Government of Zambia to Caa2 from Ca, the long-term local-currency issuer

Jaiz Bank Plc has forecasted N5.517 billion in profit for the third quarter of 2024, according to the Islamic lender’s regulatory filing submitted to the Nigerian Exchange, NGX.

Oil prices dipped over a weak demand outlook as China’s, the world’s second-largest crude consumer, industrial production slowed down. The bearish trade was also supported by a strong US dollar which kept energy costs elevated amidst a hawkish tone from the Federal Reserve.

Dangote Sugar Refinery Plc has successfully raised N42.78 billion from the local debt capital market via commercial paper sales to pension and non-pension asset managers.

Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.

GCR Ratings (GCR) has downgraded Capital Trust Investment and Asset Management Limited’s national scale long and short-term issuer ratings to SD(NG)