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NGX Sheds N45bn as Investors Dump Large-Cap Stocks The Nigerian Exchange (NGX) sheds N45 billion as trading activities at the local bourse closed negative after equity investors dumped large-cap stocks.…
FMDQ Welcomes Providus Bank ₦100bn Commercial Paper FMDQ Exchange has accepted Providus Bank Limited N100 billion commercial paper on the platform, according to a statement issued on Friday. According to…
Fitch Rates BOI Senior Note Participation Notes ‘B (EXP)’ Fitch Ratings has assigned Bank of Industry Limited’s (BOI) senior note participation notes an expected long-term rating of ‘B (EXP)’, affirmed…
Equity Analysts Adjust Flour Mills of Nigeria Valuation Ahead of the conclusion of its acquisition of rival foods producer, Honeywell Flour Mills , equity analysts at Pan African Capital Holdings…
Presco’s N30bn Unsecured Bond Gets Indicative Rating GCR Rating has assigned a national scale long term indicative rating of A-(NG) (IR) to Presco Plc.’s proposed up to N30 billion Series…
MTNN Dividend Payment Jumps 40% after Earnings Beat Following an earnings beat in the financial year 2021, MTN Nigeria Plc with Ticker: MTNN raised dividend payment to shareholders by 40%,…
Moody’s Downgrades Ghana, Bonds over Liquidity, Debt Challenges The global rating agency, Moody’s Investors Service, has downgraded the Government of Ghana’s long-term issuer and senior unsecured debt ratings to Caa1…
Reliance Health Raises $40m in Series B Led by General Atlantic Reliance Health, an emerging markets-focused digital healthcare provider, today announced the completion of a $40M Series B funding round…
Equity Market Sheds N41bn as Investors Book Profit The equity market sheds N41 billion on Monday as investors’ book profit in the first trading session despite earnings release by listed…
Bond Yield Falls as Traders Buy Short, Sell Mid-Tenor Notes The average yield on Federal Government of Nigeria (FGN) bonds was mixed on Monday as sell pressure was witnessed on…