- Afreximbank Supports Veenocks’ $145m Project for Industrial Expansion
- Nigeria Savings Bond Offer Opens at 13.25% and 14.25%
- Nigerian Treasury Bills Rally as CBN Reprices Spot Rates
- Nigeria’s Private Sector Output Growth Hits 2022 High – PMI
- Oil Prices Fall on US Preference for Diplomatic Solution with Iran
- US Indexes Dip as Tech Earnings Disappoint, European Stocks Rally
- Money Market Rates Broadly Stable as Excess Liquidity Tops N7trn
- Dangote Cement Gains N5.2trn as Earnings, Otedola Drive 28% Rally
News
The African Export-Import Bank (Afreximbank) has supported Veenocks Limited’s porcelain tile manufacturing plant in Sagamu, Ogun State, Nigeria, through its Project Preparation Facility (PPF) and a US$81.9 million senior term loan.
Nigeria has opened subscriptions for its November 2026 Federal Government Savings Bond offer, with annual interest rates of 13.250 per cent for the two-year bond and 14.250 per cent for the three-year bond.
The average yield on Nigerian Treasury Bills moderated as fixed-income investors piled into positions amid spot-rate repricing across standard tenors on new issuance.
The South African Rand eased against the dollar as renewed US-Iran tensions boosted safe-haven demand for US Treasuries amid escalating war in the Middle East, First National Bank (FNB) said in a note.
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With B.O.C Kenya and Uchumi leading the rally, the Nairobi Securities Exchange (NSE) Index climbed by 0.2% on Tuesday, reflecting investors’ positive sentiment.
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Equity analysts at CardinalStone Securities Limited have raised GTCO’s 12-month target price to N159.65 as the financial services group returns to its pre-2023 dividend payout ratio.