US Dollar Strengthens Ahead of Price Index, Data Release
US Dollar Strengthens Ahead of Price Index, Data Release The US dollar rose against its major trading partners early Friday, except for a decline versus the euro, ahead of the…
Bonds Yield Rises to 15.8% as Inflation Provokes Selloffs
Bonds Yield Rises to 15.8% as Inflation Provokes Selloffs The benchmark yield on Nigerian government bonds rose moderately to 15.8% as fixed income investors in the secondary market sold down…
Supreme Court Voids AMCON Takeover of Lagos Hotel
Supreme Court Voids AMCON Takeover of Lagos Hotel The Supreme Court on Friday affirmed the judgment of the Court of Appeal Lagos nullifying the takeover of the landed property of…
Ecobank Nigeria, Soto Gallery Invite Artists to International Art Exhibition
Ecobank Nigeria, Soto Gallery Invite Artists to International Art Exhibition Ecobank Nigeria has entered a strategic partnership with Soto Gallery to organize an international art exhibition for emerging young Nigerian…
EU to Invest €37m in Nigeria’s Power Sector-Ambassador
EU to Invest €37m in Nigeria’s Power Sector-Ambassador The European Union (EU) says it is set to invest 37million Euros into Nigeria’s power sector. The EU Head of Mission to…
T-Bills Market Bullish Ahead of Feb Rate Hike Expectation
T-Bills Market Bullish Ahead of Feb Rate Hike Expectation The average yield on Nigerian Treasury Bills declined as fixed income investors hedged against rising inflation by pooling more assets into…
BTA/PTA by Cash No Longer Permitted, CBN Tells Banks
BTA/PTA by Cash No Longer Permitted, CBN Tells Banks Nigerian banks have been directed by the Central Bank of Nigeria (CBN) to stop effectively immediately the old practice of paying…
Naira Sees Tiny Daily Gain as Unofficial Rate Hits N1600
Naira Sees Tiny Daily Gain as Unofficial Rate Hits N1600 The Nigerian troubled local currency, the naira, recorded an unimpressive daily gain in the official foreign exchange market. It is…
Fitch Keeps FCMB on Rating Watch Negative Again
Fitch Keeps FCMB on Rating Watch Negative Again Fitch Ratings said it has again kept First City Monument Bank’s (FCMB) credit rating under rating watch negative (RWN) following the Nigerian…
NGX Sees N329bln Gain as BUA Cement, Geregu Rally
NGX Sees N329bln Gain as BUA Cement, Geregu Rally The Nigerian Exchange (NGX) saw more than N329 billion daily gain on Thursday which lifted market capitalization to about N57 trillion…