Money Market Rates Increase as CRR Debits Drag Liquidity
Money Market Rates Increase as CRR Debits Drag Liquidity Money market rates climbed strongly, trending at double digits highs, on the back of sustained liquidity squeeze in the banking system. …
Read moreNaira Plunges to N1690/$ as FX Intervention Reduces
Naira Plunges to N1690/$ as FX Intervention Reduces The naira depreciated further against the dominant US dollar at the Nigerian autonomous foreign exchange (FX) market, settling near N1690 per greenback…
Read moreMTN Nigeria Enlightens MDAs, Others on Benefits of Digital Ad
MTN Nigeria Enlightens MDAs, Others on Benefits of Digital Ad Telecommunications giant, MTN Nigeria, has enlightened some Ministries, Departments and Agencies (MDAs) of government on benefits of digital advertising, its…
Read moreNigerian Exchange Lost N69bn as VFD Group, OANDO Fall
Nigerian Exchange Lost N69bn as VFD Group, OANDO Fall The Nigerian Exchange (NGX) lost about N69 billion from its opening market capitalisation after selloffs festival on Oando Energy, VFD Group,…
Read moreCordros Upgrades Unilever Nigeria Target Price to N22.49
Cordros Upgrades Unilever Nigeria Target Price to N22.49 Equities analysts at Cordros Securities Limited have upgraded year-end target price for Unilever Nigeria Plc to N22.49, its report showed. The investment…
Read moreUS Dollar Rises Ahead of Inflation, Fed Appearances
US Dollar Rises Ahead of Inflation, Fed Appearances Post election trading pattern saw the US dollar strengthening against its major trading partners in the forex markets early Tuesday ahead of…
Read moreAFC Facilitates $200m Corporate Finance Deal for BUA Group
AFC Facilitates $200m Corporate Finance Deal for BUA Group Africa Finance Corporation (AFC) said it has facilitated a landmark US$200 million corporate finance facility for the BUA Group, a prominent…
Read moreCOP29: Climate Finance to Reach $120 Billion -MDBs
COP29: Climate Finance to Reach $120 Billion -MDBs Multilateral development banks (MDBs) have estimated that by 2030, their annual collective climate financing for low- and middle-income countries will reach USD…
Read moreFCMB, OANDO Drive Intraday Loss in Equities Market
FCMB, OANDO Drive Intraday Loss in Equities Market Investors in the equities market of the Nigerian Exchange (NGX) are selling their respective interest in some banking, oil stocks during early…
Read moreNigeria Signs $1.2bn Deal to Revamp ALSCON Gas Plant
Nigeria Signs $1.2bn Deal to Revamp ALSCON Gas Plant BFI Group, the core investor in Aluminum Smelter Company of Nigeria (ALSCON), has signed $1.2 billion deal with China National Chemical…
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