T-Bills Spikes to 7.12% as Market Weighs Rate Hike
T-Bills Spikes to 7.12% as Market Weighs Rate Hike The average yield on Nigerian Treasury bills rose sharply by 281 basis points Thursday following selloffs in the short, belly, and…
NGX Loses N111bn as Alpha Seekers Offload FMCG, Banks Stocks
NGX Loses N111bn as Alpha Seekers Offload FMCG, Banks Stocks The Nigerian Exchange (NGX) recorded a large daily loss of more than N111 billion Thursday as alpha seekers continued to…
Funding Rates Sink as FAAC Inflow Boosts Liquidity
Funding Rates Sink as FAAC Inflow Boosts Liquidity On account of a solid liquidity level in the money market, the short-term benchmark rates slumped sharply Thursday as inflow from the…
Customs MMA Command Generates N38.7bn in 1st Half of 2023
Customs MMA Command Generates N38.7bn in 1st Half of 2023 The Murtala Muhammed Area (MMA) Command of the Nigeria Customs Service (NCS) says it generated total revenue of N38.7 billion…
Russia to Supply 50,000 Tons of Grains to African Countries – Putin
Russia to Supply 50,000 Tons of Grains to African Countries – Putin Russian President, Vladimir Putin, says Russia will supply 50,000 tons of grains to some African countries in the…
Afrixembank Offers $30bn Credit Limit to Africans Willing to Invest in Russia
Afrixembank Offers $30bn Credit Limit to Africans Willing to Invest in Russia The African Export–Import Bank (Afrixembank) on Thursday in St. Petersburg, Russia, announced a credit limit of 30 billion…
Ecobank Bolsters Performance as Profit Jumps 16%
Ecobank Bolsters Performance as Profit Jumps 16% Pan African lender, Ecobank group Plc. has raised the bar on its earnings performance with 16% year-on-year growth in profit after tax. In…
Nigeria, South Africa to Tackle Economic, Cyber Crimes
Nigeria, South Africa to Tackle Economic, Cyber Crimes Nigeria and South Africa have reiterated their commitment to tackle the menace of cybercrimes, money laundering and other economic and financial crimes.…
Fed Raises Rates 25bp, Maintains Tightening Bias
Fed Raises Rates 25bp, Maintains Tightening Bias The United States (US) Fed unanimously hiked its policy interest rate range 25 basis points as widely expected with a statement retaining the…
Rapper Cardi B denies faking cheating scandal with husband Offset to promote their latest collaboration
Cardi B has shut down rumors that she and her husband Offset faked a cheating scandal to promote their collaborative single, Jealousy. Recall that the couple were involved in a…