Naira Skids as 24hrs Banks FX Offload Disappoint
Naira Skids as 24hrs Banks FX Offload Disappoint The Naira depreciated by 0.43% against the US Dollar in the Nigeria autonomous window, closing at a rate of ₦1461.90 as foreign…
Demand for Treasury Bills Drag Yield Below 9%
Demand for Treasury Bills Drag Yield Below 9% The latest buying interest in the secondary market on Nigerian Treasury bills dragged the average yield down 10 basis points to 8.85%.…
Airtel Africa Posts Negative EPS as FX Loss Damaged Results
Airtel Africa Posts Negative EPS as FX Loss Damaged Results Earnings plunged as telecommunication company Airtel Africa Plc.’s nine months of the financial year 2024 financials showed a 1.4% decline…
Dramatic Scenes As Sister Of Offa Robbery Suspect Detained After Giving Evidence
Police yesterday arrested a witness of one of the five April 5, 2018, bloody Offa, Kwara state robbery suspects, Omolara Ogundiran in court premises. Omolara, a graduate of Ire Poly,…
CBN Removes Restrictions on Exchange Rates Quote by IMTOs
CBN Removes Restrictions on Exchange Rates Quote by IMTOs The Central Bank of Nigeria (CBN), has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators…
Akeredolu Loyalists Dominate Aiyedatiwa’s Cabinet Picks
Ondo state governor, Lucky Aiyedatiwa, has nominated former aides of late Governor Oluwarotimi Akeredolu as his commissioners and special advisers. Those who were nominated were said to have backed Aiyedatiwa…
Absence Of Witnesses Forces Adjournment Of Ex-PDP Chair’s Son’s N2.2bn Subsidy Fraud Trial
The absence of prosecution witnesses on Friday stalled the trial of Mamman Nasir Ali, son of the former Chairman, People’s Democratic Party (PDP), Ahmadu Ali, over alleged N2.2 billion subsidy…
Nigerian Bourse Rebounds with N902bn Daily Gain
Nigerian Bourse Rebounds with N902bn Daily Gain Bulls stage comeback into the Nigerian Exchange (NGX), gaining N902 billion after two days bloodbath that plunged return downward. The equity market on…
Tinubu Orders Attorney-General to Clear $1.3bn Oil Block Cases
Tinubu Orders Attorney-General to Clear $1.3bn Oil Block Cases President Bola Tinubu has ordered the Attorney-General of the Federation, Lateef Fagbemi to clear court cases on 1.3 billion dollars Deepwater…
Ivory Coast’s Eurobond Issuance Raises Hope for Easing Africa’s Funding Squeeze
Ivory Coast’s Eurobond Issuance Raises Hope for Easing Africa’s Funding Squeeze For almost two years, the Sub-Saharan African economies have not received financing from international bond markets. Last week, there…