Month: April 2025

MAN Reviews H2′ 2024 Manufacturing Performance The Manufacturers Association of Nigeria (MAN) has reviewed the country’s manufacturing performance for the second half of 2024. Mr Segun Ajayi-Kadir, Director-General, MAN, made…

Short-term Benchmark Interest Rates Soar as Liquidity Fluctuates The short-term benchmark interest rates rose as liquidity levels in the financial system fluctuated. Funding condition was robust at the beginning of…

Ecobank Rallies Ahead of First Quarter Earnings Release Ecobank Transnational Incorporation (Ticker: ETI) rallied in the stock market ahead of the group’s first quarter of 2025 earnings release. Reflecting investors…

Banking Index Slips as UBA, Zenith GTCO Trade Ex-Dividend The banking index declined sharply due to the market regulator’s decision to mark down top banking names—GTCO, Zenith Bank, and UBA…

Nigerian Breweries Soars as Investors React to Q1 Earnings Nigerian Breweries Plc gained 13.1% in the equities market as equities investors reacted positively to the company’s improved earnings performance for…

CBN Reduces Nigerian Treasury Bills Offer after Under Allotment The Central Bank of Nigeria (CBN) will open Treasury bills worth N400 billion for subscriptions at the midweek primary market auction.…

Oil Prices Decline after Ukraine, Russia Brief Ceasefire Oil prices declined in the global commodity market on Monday following Russia and Ukraine’s brief Easter ceasefire and worries about rising US-China…

EUR-USD Hits 3-Year High at $1.570 The European Union and US currency pairs, EUR-USD, strengthened by about 1.5% to $1.1571 in the forex markets on Monday, its strongest level since…

Kano Eyes $10bn Energy Investment from Morocco The Kano state government says it will attract over 10 billion dollars in investment in renewable energy and solid minerals development from its…