Category: nairalaw.com

Niger, Burkina Faso, Mali Form Military Alliance The junta in Niger, which seized power in a military coup on July 26, has formed a military alliance with the neighbouring countries…

Tight Liquidity Pushes Banks to Borrow from CBN Raising interbank borrowing rates, liquidity pressure in the financial system is expected to worsen for the week as the market is debited…

Nigeria Eurobonds Rally Further, Yield Slumps The average yield on Nigerian government Eurobonds slid further as the buying momentum continued in the international debt market. There has been a switch…

USD Gains Ahead of Fed Chair Jerome Powell’s Speech FOREX: The United States dollar (USD) reached its highest level in more than two months against a basket of major currencies…

Unemployment Rate Drops to 4.1% in Nigeria Nigeria’s unemployment rate dropped to 4.1 per cent in the first quarter of 2023 from 5.3 per cent in the fourth of 2022.…

Nigeria Rated 11th in Internet Penetration Globally, Says NCC Prof. Umar Danbatta, Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) says Nigeria is rated eleventh in terms of internet…

Stanbic IBTC Bank Corrects Narrative on Directors’ Loans Stanbic IBTC Bank has recently become aware of certain misinformation circulating with respect to its loans to Directors in 2022. As a…

Oil Drops over Weak Demand Outlook Crude oil prices slid further on Thursday as a result of an expected slowdown in demand following weak macroeconomic data from key economies that…

U.S. Approves $500m Arms Sales to Taiwan The U.S. has approved a 500-million dollar potential sale of weapons to Taiwan to help boost the island’s airspace defence capability. The U.S.…

Foreign Investors Demand for FGN Bonds Rise, Yield Dip As a result of a fresh rally, the Federal Government of Nigeria (FGN) Eurobonds prices surged in the international debt capital…