Nigeria returned to the Eurobonds market with a total subscription in excess of $9 billion, according to the Debt Management Office (DMO), against a $2.2 billion allotment.

Developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, the World Bank’s latest International Debt Report shows.

The average yield on Nigerian Treasury bills declined by five or 5 basis points (bps) in the secondary market to 25.2%, traders said in separate notes.

Unilever Nigeria Names Tobi Adeniyi Managing Director Fast-moving consumer goods company Unilever Nigeria Plc has appointed Tobi Adeniyi as the…

Nigeria Seeks South Africa’s backing for G20, BRICS Membership The Nigerian government is seeking South Africa’s backing to attain full…

Kano Rejects Tax Reform Bills Before National Assembly The Kano State House of Assembly on Monday rejected the Tax Reform…

Ghana Gets Access to $360m IMF Loan after Review Ghana has obtained access to an additional $360 million loan from…

Interbank Rates Dip as FAAC, Remita Inflows Boost Liquidity In the money market, the short-term benchmark interest rates dipped significantly…

The naira traded steady against the US dollar on the first trading session using the Bloomberg BMatch system due to sufficient FX liquidity to fill orders.

Lafarge Africa Hits 52-Week High on Holcim, Xuaxin $1bn Deal Equities investors rushed to acquire more of Lafarge Africa’s (Ticker:…