Dangote Refinery Denies Finished Petrol Product Imports Claim Dangote Petroleum Refinery & Petrochemicals (DPRP) has denied reports suggesting that it imports finished petroleum products, describing the claims as incorrect and…
Forbearance Shutdown Tests Nigerian Banks’ Asset Quality Nigerian banks are expected to face asset quality challenges in 2026 following the total forbearance shutdown by the Apex Bank in 2025, S&P…
Fitch Rates Shell Petroleum B.V. ‘AA-‘ with Stable Outlook Fitch Ratings has assigned Shell Petroleum B.V. (SPBV) a Long-Term Issuer Default Rating (IDR) of ‘AA-‘ with a Stable Outlook. Fitch…
South Africa Joins Afreximbank, Unveils $8bn Financial Intervention The Republic of South Africa has today officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), Africa’s leading Multilateral…
Moody’s Assigns A1 to PepsiCo’s New Euro Unsecured Notes Moody’s Ratings today assigned an A1 rating to PepsiCo, Inc.’s new Euro dollar-denominated senior unsecured notes. All other ratings for the…
Risk-off Sentiment Drives Nigerian Bonds Yield to 16.31% The Nigerian bond benchmark yield surged by two basis points to 16.31% as negative sentiment exhibited by investors in the secondary market…
Oil Prices Drop Below $68 as Supply Side Risks Ease Oil prices fell below $68 in the global commodity market as supply risks reduced following renewed diplomatic engagement between the…
Nigerian Treasury Bill Yield Dips to 18.18% Ahead of Auction The average yield on Nigerian Treasury bills (NTB) dipped to 18.18% amidst subdued trading activities in the secondary market ahead…
NGX ASI Climbs as Equity Investors Gain N332bn Boosted by high-cap stock, the Nigerian Exchange (NGX) extended its gain, adding 31 basis points (bps) or N332 billion to investors’ portfolio…
Builderstech MD Sentenced to 48 Years for N500m Fraud The Managing Director (MD) of Builderstech Solution Ltd, Mr. Johnson Godwin Agene, has been sentenced to 48 years imprisonment without an…