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FGN Eurobond Yield Rises as Demand Spikes, Sell Pressure Hits OMO Bills The average yield on the Federal Government of Nigeria (FGN) Eurobond rises following buying interests across the sovereign…
Oil Prices Pullback After Hitting 2014 Highs Crude oil prices pull back on Thursday after hitting record highs on Wednesday that has not been seen since 2014, helped by supply…
U.S Dollar Strengthens Amidst Rising Yields The U.S dollar may continue to see a modest firming early this year mainly due to strong US economic growth and expectations of interest…
U.K. Moves to Impose Restrictions on Crypto Promotion The Treasury of the United Kingdom published the government’s plans for legislation surrounding misleading cryptocurrency promotions today. While the government body emphasized…
Nigeria Suspends Plan to Remove Subsidy UPDATED: Contrary to a general expectation that subsidy on petroleum motor spirit (PMS) will be removed early in the year 2022, Senate President Ahmed…
EU Removes Ghana from Countries with Weak AML/CFT Regime Ghana has been removed from the European Union’s (EU) list of high-risk countries with strategic deficiencies in their Anti-Money Laundering and…
Nigeria’s Interest in Sukuk to Drive Islamic Finance Growth The Islamic finance industry in Nigeria is expected to continue its moderate growth trajectory in 2022-2023, says Fitch Ratings, saying that…
Brent Price Nears $90 as Explosion Hits Iraq-Turkey Pipeline Brent crude oil price inches higher, nears $90 per barrel on Wednesday as supply becomes tighter in the market following the…
NGX Breaks Resistance with N417 Bln Gain, Index Spikes The Nigerian bourse is reverting to a level spotted last in 2008 as the market index crossed 45,000 points – a…
Bond Yield Dips to 11.79% after DMO Auction The average price on Federal Government of Nigeria (FGN) bond increased, thus yield across curve slow down a basis point to 11.79%…