Browsing: Nigeria

The Nigerian Exchange (NGX) year to date return rises further on Thursday to 14.33% as equity investors

The International Monetary Fund (IMF), says Sub-Saharan African (SSA) Region need a careful policy

The average yield on fixed income instruments has seen a moderate increase and today, the Federal Government of Nigeria’s (FGN) bonds and Treasury bills yields spike while open market operation (OMO Bills) remained steady at 4.1%.

The Federation Accounts Allocation Committee (FAAC), has shared the sum of N725.571 billion with the three tiers of government, as federation allocation for the month of March.

MTN Nigeria, on Wednesday, said that it had paid N3.5 trillion as levies and taxes to the government since its inception. The Chief Executive Officer (CEO) of MTN, Mr Karl Toriola, who said this in his address at the ‘Brunch with Karl’ at Lagos Business School, also said that the organisation had committed over N3.4 trillion on capital investment.

The Nigerian Exchange (NGX) inches higher again midweek amidst the first quarter of the financial year 2022 earnings season with investors taking positions in value or growth stocks across the segments.

Equity investors in the Nigerian Exchange (NGX) gain N14 billion on Tuesday as the market sustains its rally. Today’s positive outing marks the eleventh consecutive session’s rallies seen at the local bourse

Vice President Yemi Osinbajo, on Tuesday in Abuja, said that the Federal Government (FG) had committed N50 billion toward positioning export-oriented businesses in Nigeria

Twitter has a deal to sell itself to Elon Musk for $54.20 per share, valuing the social media giant at around $44 billion. If successful, Musk’s Twitter takeover would be the largest take-private deal since Dell bought data storage company EMC for $67 billion in 2016, according to PitchBook data.

The average yield on Nigerian Treasury Bills and Federal Government (FGN) bonds were relatively steadied on Monday as market participants eye primary market auctions.