Naira Falls Against Dollar by 0.7%
Naira Falls Against Dollar by 0.7% The Naira experienced a slight depreciation at the official market, trading at N1,309.39 to a dollar on Thursday. Data from the official trading platform…
High Debt to GDP Ratio Damaged Mozambique’s Credit Profile
High Debt to GDP Ratio Damaged Mozambique’s Credit Profile The government credit profile of Mozambique has remained adversely affected by the country’s 95% debt to GDP (debt to GDP ratio)…
Reps Query OAGF’s Payment of N15bn to Remita, Accuse CBN of Complicity
Reps Query OAGF’s Payment of N15bn to Remita, Accuse CBN of Complicity The House of Representatives Public Accounts Committee (PAC) has queried the payment of N15 billion to Remita, a…
MTN, Tier-1 banks’ stocks lift NGX gains by N157bn
MTN, Tier-1 banks’ stocks lift NGX gains by N157bn Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks on Thursday further raised the equity market higher by…
CBN Hikes Banks Capital Base to N500bn
CBN Hikes Banks Capital Base to N500bn The Central Bank of Nigeria (CBN) has increased deposit money banks’ capital base, according to an official statement posted on its website. This…
Zenith Bank to Submit 2023 Financial Statement April 30
Zenith Bank to Submit 2023 Financial Statement April 30 Zenith Bank Plc. on Thursday expressed optimism that it would submit its 2023 full-year audited financial statement to the Nigerian Exchange…
US Dollar Rises Ahead of Economic Data Release
US Dollar Rises Ahead of Economic Data Release The US dollar rose against its major trading partners early Thursday ahead of a busy data schedule that starts with weekly jobless…
Afreximbank Closes $282m India-Focused Club Deal
Afreximbank Closes $282m India-Focused Club Deal The African Export-Import Bank (Afreximbank) on Thursday announced the successful completion of a first-of-its-kind India-focused club deal for 282 million dollars. This is contained…
AfDB, Indorama Sign $75m Deal to Boost Fertilizer Production
AfDB, Indorama Sign $75m Deal to Boost Fertilizer Production The African Development Bank (AfDB) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The…
Access Holdings Earnings Spiked, Board Declares Dividend
Access Holdings Earnings Spiked, Board Declares Dividend Access Holdings’ annual profit increased by about 307% year on year, details from its audited financial statement released today show. Net profit settled…