Access, UBA, Zenith, FCMB Drive Stock Market Mid-day Loss
Access, UBA, Zenith, FCMB Drive Stock Market Mid-day Loss Equity investors holding Access, Zenith and United Bank for Africa Plc are dumping shares of these top Tier-1 lenders, according to…
Dollar Slips Ahead of Short US Session on New COVID Strain
Dollar Slips Ahead of Short US Session on New COVID Strain The US dollar was slipped against its major trading partners early Friday ahead of the shortened US session as…
Oil Slumps as UK Plans to Move S.Africa, Others to ‘Red List’
Oil Slumps as UK Plans to Move S.Africa, Others to ‘Red List’ Oil prices in Asia edged down on fears surrounding the South African coronavirus variant, which has sent a…
Equity Investors Gain N104bn as Demand for Airtel Drive Rally
Equity Investors Gain N104bn as Demand for Airtel Drive Rally Value hunters’ entry into Nigerian Exchange (NGX) on Friday trading session halts losing streaks after equity investors pick interest in…
Black Friday for FX Markets Over New Virus Variant in S.Africa
Black Friday for FX Markets Over New Virus Variant in S.Africa The Nigerian local currency, naira, depreciates in the foreign exchange markets, both official and autonomous FX rates worsened amidst…
Naira Lost Against Dollar as External Reserves Declined
Naira Lost Against Dollar as External Reserves Declined The Nigerian local currency, naira, loses steam across the foreign exchange (FX) markets amidst a resurgence of a fresh covid-19 variant in…
Yield Dips as Demand for T-Bills Rises, Banks to Selloff Position
Yield Dips as Demand for T-Bills Rises, Banks to Selloff Position In the secondary market, the average yield on the Treasury bills instrument shrinks on Friday over increased demand by…
Ecobank Secures €100mln Loan from European Investment Bank
Ecobank Secures €100mln Loan from European Investment Bank Ecobank Group, the leading pan-African banking group, has signed an agreement for a €100 million long-term credit facility over 9 years with…
BUA Engages Wartsila to Build 70 Megawatts Gas Power Plant
BUA Engages Wartsila to Build 70 Megawatts Gas Power Plant BUA has signed yet another agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant…
Nigeria’s Non-Oil Revenue Outperforms Target By 15.7% – Finance Minister
Nigeria’s Non-Oil Revenue Outperforms Target By 15.7% – Finance Minister Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion,…