OPEC Forecasts 10% Jump in Global Oil Demand
OPEC Forecasts 10% Jump in Global Oil Demand Global oil demand will increase by over 10% by 2027 and more than 13% by 2045 compared to 2021, according to the…
UK Announces £50mn Energy Support Fund for Winter
UK Announces £50mn Energy Support Fund for Winter National Grid, British multinational electricity and gas utility company, launched a £50 million support fund to help consumers struggling with high energy…
Nigeria’s Private Sector Improves in October – PMI
Nigeria’s Private Sector Improves in October – PMI In Nigeria, private sector activities have been noted to improve in October 2022 despite uncertainties in the macroeconomic conditions, according to the…
Fixed Income Assets Yields Diverge as Naira Appreciates
Fixed Income Assets Yields Diverge as Naira Appreciates The average yields on naira denominated fixed income assets diverge as the local currency appreciates across the foreign exchange markets. At the…
New Naira Notes and All Things New – Reuben Abati
“My own brother!” “What’s up men? Have you gone to deposit all the N200, N500, N1,000 notes that you have at home in the banks so you can exchange them…
Investors Lose N40.66bn as Stock Market Declines
Investors Lose N40.66bn as Stock Market Declines Equities investors in the Nigerian Exchange (NGX) lose about N41 billion on Monday amidst renewed selloffs on some listed companies shares. Last week,…
MTN Nigeria Dazzles with Double-Digit Earnings Growth
MTN Nigeria Dazzles with Double-Digit Earnings Growth MTN Nigeria Plc.’s revenue increased significantly, up by 20.71% at the end of 9-month of the financial year 2022 to N1.456 trillion from…
Nigerian Banks Less Exposed to Naira Depreciation- Fitch
Nigerian Banks Less Exposed to Naira Depreciation- Fitch Compare with what happened in 2016, Nigerian banks’ capitalisation would be fairly resilient to further naira depreciation given their long net foreign-currency…
IMF-Ghana Talks Will Not Reduce Bonds Value, Says Akufo-Addo
IMF-Ghana Talks Will Not Reduce Bonds Value, Says Akufo-Addo Ghanaian President said talks with the International Monetary Fund were going well and reassured investors that negotiations would not lead to…
Dangote Cement Profit Sinks 23.41% as Finance Cost Spikes
Dangote Cement Profit Sinks 23.41% as Finance Cost Spikes Dangote cement Plc sees a heavy drop in its profitability, though sales increased by 15.17% year on year to about N1.18…