Month: February 2024

Nigerian T-Bills Yield Rises by 22bps to 9% The average yield on Nigerian Treasury bills climbed by 22 basis points to close at 9.2% as risk-off sentiment persisted in the…

FG Commends Dangote Cement for Vital Roles in Economic Diversification The Federal Government (FG) has commended the leading roles being played by the Dangote Group to complement the government’s efforts…

Oil Prices Fall as Uncertainties Cloud Demand Outlook The oil market retreated as uncertainties clouded the demand outlook. The US Federal Reserve kept rates unchanged amidst an expectation of a…

Naira Pops as FMDQ Revises FX Pricing Policy The naira appreciated by 1.9% to N1,455.59 against the dominant foreign currency, the US dollar at the Nigerian Autonomous Foreign Exchange Market…

Nigerian Private Sector Health Improves in January– PMI The recovery in the Nigerian private sector gathered momentum at the start of 2024, with rates of expansion in output and new…

Banks Face Risks over 24hrs FX Positions Sell Down Non-compliance risk looms large in the financial services sector as the timeline given to deposit money banks to sell down their…

Fidelity Bank Posts Triple Earnings Growth in 2023 Fidelity Bank Plc has bolstered earnings performance as the top Tier-II lender grew profit by about 207% year on year, according to…

FG, UK to Establish Committee on Minerals Development The Federal Government (FG) is partnering with the United Kingdom (UK) to establish a joint technical working group for the development of…

Transcorp Plc Grows Profit by 102% to N34bn Transcorp Corp Plc posted a significant surge in earnings following a spike in revenue generated by the group in 2023. In its…

Oil Slides as China Economic Dips, US Dollar Strength Global market prices of crude oil slid on Wednesday over sluggish growth in China, US dollar gains amidst Red Sea tension…