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Lagos State N125bn Bonds Issuance Gets Indicative Rating GCR Ratings has accorded an indicative long term credit rating of A+ (NG) (IR) to Lagos State Government’s proposed N125 billion Series…
Fixed Income Market Yields Steady after OMO Bills, Bond Auctions Fixed income market yields closed steady on Friday as the average yield on open market operations (OMO) bills ended flattish…
Stocks Edge Lower as Investors Maintain Selloffs Closed lower on Friday, the Nigerian stocks tumble as equity investors maintain selloffs for third consecutive trading sessions in the week. Consequent to…
Lawmakers Move to Punish AMCON Debtors over N4.4trn Debt In a move to deal with recalcitrant obligors, the Nigerian lawmakers are now considering punitive measures against top debtors on the…
ACCESS, ETI, GTCO, NB, and UBA Drive Midday Loss The equity market is currently trading on a bearish note following contractions in AIICO (-0.77%), NB (-0.95%), FCMB (-0.99%), ACCESS (-1.10%),…
Ferrari Releases High Octane Daytona SP3 for Ultra-Wealthy Ferrari launches its latest high octane model, the Daytona SP3, which ends a long wait by lovers of its Icona-series cars, although…
FBNH: LeadWay Not in Breach of Investment Regulation – PenCom The National Pension Commission (PenCom) says that Leadway Pensure Ltd. is not in breach of the Investment Regulation by investing…
Africa Watch: Eyes into Malawian Economy, Foreign Exchange Market The Malawian Kwacha continues to perform strongly against currencies of major trading partners given the lean season, sheds less than 7%…
IMF Tasks Nigeria on FX Reform, Wants CBN Act Modernise The International Monetary Fund (IMF) has tasked the Central Bank of Nigeria (CBN) with the adoption of a market-clearing foreign…
A logo of the National Pension Commission. The National Pension Commission has clarified that the equity investments in FBN Holdings made by Leadway Pensure Ltd belong to the Retirement Savings…