Advertisement some_text

Crude Oil Prices Increase over Tight Supply Outlook

Oil prices increased on expectation that Organization of the Petroleum Exporting Countries (OPEC) and its

Tinubu Inherited a Dire Situation – Shettima

Vice-President Kashim Shettima says President Bola Tinubu’s administration inherited a dire situation when it took

FGN Bonds Yield Clears at 18.92% Ahead of May Auction

Benchmark yield on Federal Government of Nigeria (FGN) bonds cleared lower due to buying

Selloffs Provoke Rise in Treasury Bills Yields to 22.4%

A fresh selloffs on Nigerian Treasury bills (NTB) has provoked a further increase in benchmark yield in the

Fresh stories

For ads placement, content promotion: please Call: 08076677706-07

Crude Oil Prices Increase over Tight Supply Outlook

Oil prices increased on expectation that Organization of the Petroleum Exporting Countries (OPEC) and its

Tinubu Inherited a Dire Situation – Shettima

Vice-President Kashim Shettima says President Bola Tinubu’s administration inherited a dire situation when it took

FGN Bonds Yield Clears at 18.92% Ahead of May Auction

Benchmark yield on Federal Government of Nigeria (FGN) bonds cleared lower due to buying

Selloffs Provoke Rise in Treasury Bills Yields to 22.4%

A fresh selloffs on Nigerian Treasury bills (NTB) has provoked a further increase in benchmark yield in the

French Banks’ Exit from Africa to Spur Local Banks’ Growth, Competition –Fitch

French banks’ exit from Africa, which is nearing its end, gives emerging pan-African banking groups significant space to grow

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and

Analysis

Seplat Energy Trades at 52-Week High Ahead of Q1 Earnings

Seplat Energy Trades at 52-Week High Ahead of Q1 Earnings

Sell Pressure: FBN Holdings Loses Nearly Half of Its Market Value

FBN Holdings Plc, the parent company of First Bank of Nigeria Limited (FBN) has lost about half of its market value

Jaiz Bank Shrinks by 15% Ahead of Board Emergency Meeting

JaiZ Bank Plc lost 15% of its market valuation on the Nigerian Exchange as shareholders sold down interest ahead

Transcorp Power Profit Skyrockets by 665% to N20bn in Q1

Transcorp Power Plc bolstered profit performance by more than 665% year on year in the first quarter of 2024,

Latest Business

ECONOMY

Inside Africa

French Banks’ Exit from Africa to Spur Local Banks’ Growth, Competition –Fitch

French Banks’ Exit from Africa to Spur Local Banks’ Growth, Competition...

0
French banks’ exit from Africa, which is nearing its end, gives emerging pan-African banking groups significant space to grow
GCR Ratings Revised Outlook on Zedcrest Capital to Negative

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

0
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and
New Cash Reserve Regime to Weaken Ghanaian Bank Profits - Fitch

New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch

0
The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash

Investment

Investors Are Reducing Interest in Dangote Sugar, Zenith, GTCO

The Nigerian Exchange (NGX) is trading negative during the intraday trading session on Monday as investors launch fresh selloffers.

Equities Investors See N420bn as MTNN, TRANSPOWER Rally

Buying interest in MTN Nigeria (Ticker: MTNN), Transcorp Power Plc (Ticker: TRANSPOWER) and Dangote Sugar Refinery

FGN Bonds Yield Clears at 18.92% Ahead of May Auction

Benchmark yield on Federal Government of Nigeria (FGN) bonds cleared lower due to buying

Selloffs Provoke Rise in Treasury Bills Yields to 22.4%

A fresh selloffs on Nigerian Treasury bills (NTB) has provoked a further increase in benchmark yield in the

Odu’a Investment Shareholders Approve N428m Dividend for 2023

Shareholders of Odu’a Investment Company Ltd., (OICL) on Thursday approved the total dividend of N428

Sanwo-Olu, NESG Harp on PPP for Economic Growth

Gov. Babajide Sanwo-Olu of Lagos State has emphasised the role of public-private sector partnerships in

Financial Products

Ecobank SuperSavers Account Holders Get Up to 9% Interest Rate

Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group ...

Nigerian Bourse Rebounds with N902bn Daily Gain

Bulls stage comeback into the Nigerian Exchange (NGX), gaining N902 billion after two days bloodbath ....

Yield Climbs as CBN Increases Rates on Treasury Bills

The average yield climbed as the Central Bank of Nigeria (CBN) increased spot rates on Nigerian Treasury Bills auctioned ...

Selloffs Provoke Spike in Nigerian Treasury Bills Yield

The average yield on Nigerian Treasury bills increased by 11 basis points to 3.4% following selloffs ....

Odu’a Investment Plans to List on Nigerian Exchange

Odu’a Investment Plans to List on Nigerian Exchange Odu’a Investment...

Nigeria’s Sovereign Eurobond Yield Dips Below 10%

Due to strong buying interest, Nigeria’s sovereign Eurobond yield has dipped below 10%, according to an investment

Benchmark Yield Shrinks as Bonds Market Rallies

The average yield on Federal Government of Nigeria (FGN) bonds shrank in the secondary market as

Equities Investors Combine Wealth Grows to N44Trn -NGX

The Nigerian Exchange (NGX) All-share index hit an all-time high as a result of sustained bargain hunting ...

Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos

Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos Gov. Babajide...

NGX Gains N85bn as Investors Park Cash in Banking Stocks

As equities investors continue to grow, the equities market capitalisation of the Nigerian Exchange

FIN MARKET

Tinubu Inherited a Dire Situation – Shettima

Vice-President Kashim Shettima says President Bola Tinubu’s administration inherited a dire situation when it took

FGN Bonds Yield Clears at 18.92% Ahead of May Auction

Benchmark yield on Federal Government of Nigeria (FGN) bonds cleared lower due to buying

Selloffs Provoke Rise in Treasury Bills Yields to 22.4%

A fresh selloffs on Nigerian Treasury bills (NTB) has provoked a further increase in benchmark yield in the

Odu’a Investment Shareholders Approve N428m Dividend for 2023

Shareholders of Odu’a Investment Company Ltd., (OICL) on Thursday approved the total dividend of N428

Sanwo-Olu, NESG Harp on PPP for Economic Growth

Gov. Babajide Sanwo-Olu of Lagos State has emphasised the role of public-private sector partnerships in

NGX All-Share Index Up 0.55%, Investors Gain N303bn

Resuming from the Worker’s day holiday, the domestic bourse on Thursday maintained a bull run,as the

Cadbury Nigeria Posts N7.32bn Net Loss in Q1

Foreign exchange loss damaged Cadbury Nigeria Plc financial performance in the first quarter of

Cryptocurrency

Bitcoin Drops by 10% to $67K as Crypto Rallies Retrace

Market prices of largest digital asset bitcoin and other cryptocurrencies fell on Friday

Bitcoin Hits $60K First Time in 2-Year

Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new U.S. spot bitcoin exchange-traded products fuelled a

Is a New Bitcoin All-Time High in Sight?

Bitcoin surpassed $59,000 in price on Wednesday, and it could hit a new all-time high within weeks...

Bitcoin Rises to $51,800 as ETF Inflows Hit $4bn

The cryptocurrency market continues to inch higher as the price of the largest digital asset is getting close to $52,000

Tether USDT Swings on Volatile Price Movements in Crypto Market

Tether USDT Swings on Volatile Price Movements in Crypto Market

Bitcoin ETF Approval Acknowledges Cryptocurrency as Viable Asset Class

Cryptocurrency: The recent approval of the Bitcoin Exchange Traded Fund (ETF) has become a testament ...

Bitcoin Declines on Liquidated Short Positions

Bitcoin Declines on Liquidated Short Positions The world's largest crypto...

Bitcoin Price Jump Fuelled by Scandal Crackdowns, Central Bank Expectations

Bitcoin topping $40,000 is because - not despite - the recent scandals are clearing out the bad actors from the market, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations.

Fintech

Kubik Completes $5.2mln Seed Funding Round

Kubik announces its successful $5.2 million seed funding round. The seed round makes ...

Fintech Startup Thepeer Shut Down after $2.1m Seed Round

Nigerian fintech startup Thepeer, which provided Application Programming Interface (APIs) allowing customers to

Fintech Funding Declines by 16% in Three Months

Due to shifting investors’ sentiment, global funding in the fintech sector has fallen to its lowest level since 2017,

Zeepay Raises Equity to Support Ongoing Expansion

Ghanaian fintech company Zeepay Ghana has announced the completion of an equity investment by pan-African investment firms

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance Flutterwave...