Money Market Rates Crash as Liquidity Hits N1.2Trn
Money Market Rates Crash as Liquidity Hits N1.2Trn Short-term benchmark interest rates dipped strongly in the money market on Thursday as liquidity level in the financial system climbed to N1.18…
Reps Summon AGIP Oil Company over $80m Debt
Reps Summon AGIP Oil Company over $80m Debt The House of Representatives Committee on Public Petition has summoned AGIP Oil Company to appear before it on June 26, over alleged…
EFCC Continues Criminal Charge Against Binance Executive Gambaryan
EFCC Continues Criminal Charge Against Binance Executive Gambaryan The Economic and Financial Crimes Commission (EFCC), on Thursday, continued with its alleged money laundering case against Tigran Gambaryan, an executive of…
Germany Beat Hungary 2-0 to Reach Euro Last 16
Germany Beat Hungary 2-0 to Reach Euro Last 16 Hosts Germany on Wednesday became the first side to qualify for the Euro 2024 last 16 after Jamal Musiala’s controversial goal…
Benchmark Yield on FGN Bond Rises Slightly to 18.76%
Benchmark Yield on FGN Bond Rises Slightly to 18.76% The benchmark yield on Federal Government of Nigeria (FGN) bonds rose slightly to 18.76% on Wednesday due to selloffs that was…
Interest Rate on OMO Bills Sinks to 22.30%
Interest Rate on OMO Bills Sinks to 22.30% The Central Bank of Nigeria (CBN) sells OMO bills instrument to investors at spot rate of 22.30%, which is the price quoted…
Nigerian Treasury Bills Yield Dips to 21.8%
Nigerian Treasury Bills Yield Dips to 21.8% The average yield on Nigerian Treasury bills dipped by seven basis points on Wednesday in the secondary market to 21.8%, traders said in…
Naira Depreciates to N1483 after FX Turnover Plunged by 29%
Naira Depreciates to N1483 after FX Turnover Plunged by 29% The Nigerian local currency, the naira, extended losses on Wednesday as demand for US dollar eclipsed the supply side following…
MTN Nigeria Slides, Trades at 33% Below 52-Week High
MTN Nigeria Slides, Trades at 33% Below 52-Week High MTN Nigeria Plc witnessed another round of selloffs on the floor of the Nigerian Exchange (NGX) Wednesday as investors’ book early…
EnjoyCorp Acquires 86.5% Stake in Champion Breweries
EnjoyCorp Acquires 86.5% Stake in Champion Breweries EnjoyCorp Limited has successfully completed the acquisition of 86.5% stake in Champion Breweries plc, a prominent figure in the regional brewing industry, according…