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Yields Tighten as Fixed Interest Securities Investors Hibernate Average yields on fixed income instruments were mixed on Monday as investors hibernate in a move to watch the market direction after…
Kenya Serviced Foreign Loans with $1.2bn in 2021 Kenyan treasury on Monday reported that the country paid 137 billion shillings or about 1.2 billion U.S. dollars in 2021 to service…
NGX Sheds N1.6bn as Investors Sell Seplat, MTNN The Nigerian Exchange (NGX) sheds about N1.6 billion on Thursday as equity investors sell down Seplat, MTN Nigeria and other shares. The…
Dangote Sugar, FMN Call BUA Foods ‘Corporate Liar‘ Dangote Sugar Refinery, Flour Mills of Nigeria (FMN) Plc have expressed concerns over BUA Foods Plc alleged misinformation on deliberate hoarding of…
CBN Opposes Fresh Anti-Money Laundering Laws The Central Bank of Nigeria (CBN) on Thursday kicked against the plan by the Senate to enact new anti-money laundering laws without required amendments…
Federal Govt. Closed €9.3 mln Deal for 23 Mini-Grids The Federal Government has signed a €9.3 million interconnected mini-grid Acceleration Scheme (IMAS) award grant agreement with eight indigenous Solar Mini-grid…
Twitter Adds Flutterwave, Paga as Payment Providers Twitter has announced the addition of the pan-African payment solutions Barter by Flutterwave and Paga as additional payment providers to a feature on…
Bitcoin Tumbles Below $40,000, Others Hit Hard The largest cryptocurrency in the crypto universe trades red Friday as investors swing to selling rallies after the previous recovery, thus sending Bitcoin…
Gold Down as US 30-Year TIPS Auction High Yield Rises Gold price was down Friday as the United States (US) 30-year Treasury Inflation-Protected Securities, TIPS, auction hit a high yield…
Ethics Scandal: Feds Officials Face More Trading Restrictions The Federal Reserve has barred senior officials of the US central bank from purchases of a number of assets, including individual stocks…