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Moody’s Downgrades Dangote Cement, Says Upgrade Unlikely Moody’s Investors Service has today downgraded Dangote Cement Plc long term corporate family rating to B2 from B1, the national scale long term…
CBN Spends on Naira Notes Printing Largely Misunderstood The total amount spent by the Central bank to print Naira notes in 2020 was largely misinterpreted due to some lousy headlines.…
Naira Rises as Analysts Anticipate Devaluation at Investors Window Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively…
Yield Dips as Appetite for Long-dated T-Bills Rises The average yield in the secondary market dips on Thursday as Investors appetite for longer duration Treasury bills rises after quiet activities…
FG Pledges 100% Ownership to Investors in Minning Sector Olamilekan Adegbite, the Minister of Mines and Steel Development (MMSD), has called on foreign investors to invest in Nigerian mining to…
Nigeria’s Debt Office to Raise N250 Billion from Sovereign Sukuk Towards financing infrastructure deficit in the country, Debt Management Office has announced a plan to issue another Sovereign Sukuk in…
Nigeria Needs $1.5tn to Close Infrastructure Gap in 10 Years -Buhari President Muhammadu Buhari says $1.5 trillion is needed by Nigeria over a ten-year period, to achieve an appreciable level…
Yield Rises Moderate as Nigerian T-Bills Trades Quiet Average yield on the Nigerian Treasury bills in the secondary market sees a moderate uptick on Tuesday as the fixed income market…
Moody’s Affirms African Development Bank AAA Rating Moody’s Investors Service has affirmed the African Development Bank’s Aaa long-term issuer and senior unsecured ratings, noting that the outlook remains stable. In…
Sub-Saharan African Sovereigns Start Recovery, Says Fitch Sub-Saharan African (SSA) sovereign has started recovery, Fitch said in a new rating action. After an unprecedented number of downgrades in 2020 in…