Nigeria Customs Adjusts Exchange Rates on Import Duties
Nigeria Customs Adjusts Exchange Rates on Import Duties The Nigeria Customs Service has adjusted the exchange rates for import duties on goods coming to the country. The adjustment comes as…
Nigeria US Dollar Bonds Yield Rises to 10.2%
Nigeria US Dollar Bonds Yield Rises to 10.2% Selloffs experienced at the international debt capital market on Nigeria’s sovereign Eurobonds market segment provoke a marginal spike in the yield curve.…
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%.…
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…
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…
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…
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…
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…
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…
FBN Holdings Announces Otedola as Board Chairman
FBN Holdings Announces Otedola as Board Chairman FBN Holdings Plc on Wednesday appointed Mr Olufemi Otedola as its new Chairman of the Board of Directors. The Holdings announced this in…