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Analysts Expect Rates to Soften as DMO Holds Auction Despite negative interest rate offerings on Nigerian government bonds, demand has been relatively strong due to sizeable liquidity in the financial…
FX Losses, Finance Costs Threaten MTN’s Scrip Dividend Plan Telecommunication giant, MTN Nigeria’s scrip dividend plan faces challenges from the company’s large foreign currency transactions revaluation losses in the first…
Foreign Investors Dump FGN Eurobond as Sentiment Drops Selloffs hit the Federal Government of Nigeria (FGN) Eurobonds in the international capital market amidst uncertainties. It was noted that some foreign…
Equities Market Cap Rises by N93bn to N35.57trn The Nigerian Exchange (NGX) market capitalisation advanced by about N93 billion due to moderate bargain hunting on listed companies’ stocks. The bears…
Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on…
UK Foreign Office Warns Citizens of Possible Terrorist Attacks in Sweden The UK Foreign Office on Sunday warned UK citizens of a growing threat of terrorist attacks in Sweden. The…
High Energy Costs, Weak Currency Stoke Inflation Fears Higher energy costs and weak local currency, a result of economic reforms by the Nigerian government are expected to stoke pressures on…
Joshua Beats Helenius With Seventh Round Knockout Former heavyweight world champion, Anthony Joshua p, beat Finnish stand-in, Robert Helenius, with a seventh round single-punch knockout on Saturday. The win for…
Non-OPEC Oil Supply to Expand by 1.5mb/d in 2023 The Organisation of the Petroleum Exporting Countries (OPEC) says, its Non-OPEC oil supply is expected to expand by 1.5 million barrels…
World Bank Extends $2.5m to Boost SMEs in Kenya The World Bank is providing more than 359 million Kenyan shillings (2.5 million U.S. dollars) to boost small and medium enterprises…