U.S Dollar Moves Higher Ahead of Friday’s CPI Data
U.S Dollar Moves Higher Ahead of Friday’s CPI Data The US dollar moved higher against its major trading partners early Thursday, except for the yen, as markets look past another…
NGX Sees Large Drop as Investors Dump Dangote Cement Shares
NGX Sees Large Drop as Investors Dump Dangote Cement Shares The Nigerian Exchange (NGX) sees a large drop on Thursday as investors dump Dangote Cement shares following yesterday rally driven…
Yield Dips After Spot Rates on 182-Day, 364-Day T-Bills Fall
Yield Dips After Spot Rates on 182-Day, 364-Day T-Bills Fall The average yield on Nigerian Treasury bills dips 3 basis points in the secondary market on Thursday after the Central…
US 30-Year Auction High Yield Slips, Demand Slightly Higher
US 30-Year Auction High Yield Slips, Demand Slightly Higher The US Treasury’s 30-year auction hit a high yield of 1.895% on Thursday, down slightly from the 1.94% high in the…
Dangote Cement’s CDP Climate Rating Upgraded to B-
Dangote Cement’s CDP Climate Rating Upgraded to B- Dangote Cement Plc (DANGCEM-NL), Africa’s largest cement producer has announced that CDP has raised its rating from C to B- for the…
When Would Naira Gets Its Grooves Back?
When Would Naira Gets Its Grooves Back? Naira has been beaten down mercilessly in the foreign exchange market ring with some knockout punches but the monetary policy could not help…
MicroStrategy Raises Crypto Position, Buys $82m Worth of Bitcoins
MicroStrategy Raises Crypto Position, Buys $82m Worth of Bitcoins Microstrategy adds bitcoin worth $82.4 million to its book, according to the company’s latest regulatory filing. According to MicroStrategy’s Saylor, every…
Crypto 1 Acquisition Closes $230 Million IPO
Crypto 1 Acquisition Closes $230 Million IPO Crypto 1 Acquisition, a blank check company, said Friday it has closed its initial public offering of 23 million units priced at $10…
Eko Shortlets Launches Holiday ShortStays Amid Expansion Plans
Eko Shortlets Launches Holiday ShortStays Amid Expansion Plans Consolidating its one-year anniversary, top Nigerian apartment management company, Eko Shortlets has announced the launch of Holiday ShortStays, the latest indication of…
Airtel Africa Acquires Nigerian Minority Shareholding for N61bn
Airtel Africa Acquires Nigerian Minority Shareholding for N61bn Airtel Africa Plc paid N61 billion in buyout deals with Nigerian minority shareholders, according to the latest regulatory filing. In a statement…