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Selloffs Provoke Spike in Nigerian Treasury Bills Yield The average yield on Nigerian Treasury bills increased by 11 basis points to 3.4% following selloffs witnessed in the secondary market on…
Honeywell Flour Spikes by 50.8% to N46bn Amidst Free Float Issue Fast-moving consumer goods challenger Honeywell Flour Mills Plc recorded a sharp increase in stock market price as the local…
Dangote Cement Jumps 54% to N9.2Trillion on Volume Purchases Following a strong share volume purchase, the market capitalisation of Dangote Cement Plc (Ticker: DANGCEM) hits an all-time high amidst the…
Geregu Power Rises to N1.174 Trillion from N250 Billion Geregu Power Plc is one of the top stocks that has continued to rise in the stock market, gaining a whooping…
Naira Slides Over Lean Official FX Supply The Naira depreciated by 0.04% at the official market, closing at N902.45 per US dollar on Friday from N902.08 in the previous day.…
AfDB, Ethiopia Resolve to Normalise Relations African Development Bank Group (AfDB) and the Ethiopian government have moved to resolve conflicts that dent the relationship in a country where the Bank…
CBN to Resume MPC Meeting in Feb. Halting the indefinite postponement of its bimonthly review of key economic indices, the Central Bank of Nigeria (CBN) has scheduled the first Monetary…
The Asset Management Corporation of Nigeria (AMCON) has reignited its legal fight against the Mobil Workers Multipurpose Co-operative Society, Eket, Akwa Ibom State in a bid to reclaim a debt…
Ghana Gets Additional $600m from IMF Ghana has received access to an additional loan of $600 million from the multilateral lender, the International Monetary Fund (IMF) after completing the first…
Tolulope Fayokun, a Nigerian lady who worked at Johnson & Johnson, a US pharmaceutical firm, has won a racial discrimination claim against the company after she was sacked for operating…