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Dangote, IHS Holding, Seplat Rating Outlook Upgraded to Stable Nigerian cement producer Dangote, IHS Holdings Limited and Seplat Energy Plc. have seen their separate ratings outlook changed to stable from…
EU fines UBS, Barclays, RBS, HSBC, Credit Suisse €344m for FX Cartel The European Commission, EU, has completed its cartel investigation into the Foreign Exchange (FX or Forex) spot trading…
Nigerian Economy Scores ‘Highs‘ and ‘Lows’ in Fresh Rating Nigeria’s economy has started the processing of healing and a number of international ratings agencies have also registered improved, upgraded macroeconomics…
Nigerian Bourse Tracking Lower Midday on Profit-Taking The Nigerian local bourse is tracking lower midday on profit-booking by some retail investors following the announcement that Airtel Africa has paid off…
5G: NCC Shortlists MTNN, Airtel, Mafab for Spectrum Auction The Nigerian Communications Commission (NCC) has announced MTN Nigeria Communications Plc, Airtel Networks Ltd and Mafab Communications Ltd., as approved bidders…
AfDB Signs $35m Facility for Ecobank International Affiliates, EBI SA The Board of Directors of the African Development Bank (AfDB) has approved a $35 million unfunded risk-sharing facility for Ecobank…
Stock Market Sheds Weight as Investors Trade Exits Nigerian stock market sheds weight, dropped off about N112.3 billion on Thursday amidst sustained selling rallies that have lasted for third trading…
Yield on Long-Term Treasury Bills Rises 99 Basis Points The average yield on Treasury Bills with long-term maturities rises 99 basis points Thursday amidst weak trading activities in the fixed…
Oil Prices Decline as Omicron Dominates Headlines Oil markets remained volatile, buffeted by omicron variant sentiment and anticipation about OPEC+’s decision on output hikes, OANDA analyst Jeffrey Halley said in…
Dangote Cement Share Price Up 14% in 11-Month The largest cement producer in Nigeria, Dangote Cement Plc.’s share price has gained 14.33% from the beginning of the year to date.…