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Oil Rallies Amidst Geopolitical Tensions, Strong US Dollar Oil prices saw marginal rises as geopolitical tensions in the Middle East and Ukraine triggered supply fears, although the rising value of…
Naira Upbeats All Fronts as CBN Humbles FX Whales The Nigerian naira trended positively against the dominant foreign currency, the US dollar, across forex markets due to efforts by the…
Wema Bank Backed Juli Plc Registers 46% Valuation Surge Wema Bank-backed pharmaceutical retailer Juli Plc couldn’t stop its gaining streaks amidst a seesaw movement in the Nigerian Exchange. According to…
Yield on Nigerian Treasury Bills Decreased to 17.7% The average yield on Nigerian Treasury bills declined 91 basis points to close at 17.71% due to selloffs in the secondary market,…
NEM Spikes 45% as Insurer’s Strong Float Attracts Buyers NEM Insurance Plc gained weight as the company’s market valuation jumped by more than 45% despite seesaw performance on the Nigerian…
DMO Issues US Dollar Bonds at 21% to Boost FX Inflows The US dollar or foreign currency-denominated bonds were sold by Nigeria’s debt management office (DMO) at a private auction…
Don Seeks More Funding for Public Universities in Nigeria Prof. Olu Obafemi, the Pro-Chancellor and Chairman, Governing Council, Federal University of Technology (FUT), Minna, has called on the Federal Government…
Ethiopia’s Weak Credit Profile Unchanged Ahead of Debt Restructuring Moody’s Ratings said it completed a periodic review of the ratings of Ethiopia and other ratings that are associated with this…
Minister Inaugurates Completed TETFund Projects Abandoned in UniCal The Minister of Education, Prof. Tahir Mamman, has inaugurated some completed projects that were abandoned at the University of Calabar, (UniCal) in…
Investors Lose N248bn as Bears ‘Raid’ Nigerian Bourse Equities investors’ wealth plunged by about N248 billion as bears raided the Nigerian Exchange in the just concluded week. The latest negative…