Author: admin

Naira Gains N15, Interbank FX Deals Increase Sharply The naira appreciated against the US dollar on Wednesday, trading at N1371 as the Central Bank’s daily FX publication showed a sharp…

Kano Settles N32 billion Gratuity Backlogs, Yusuf Says Gov. Abba Yusuf of Kano State has paid N32 billion out of N48 billion gratuity backlogs of retirees inherited in 2023. Yusuf…

Standard Chartered Leads West Africa in M&A Deal Value Standard Chartered Bank Nigeria has emerged as the number one Mergers and Acquisitions (M&A) Financial Adviser by deal value in West…

Nairobi Exchange Climbs, KCB, Equity, Safaricom Move Market The Nairobi Stock Exchange (NSE) Index surged on Wednesday, with notable gainers including Kenya Airways (up 7.7%), Umeme Ltd (up 7.6%), Unga…

Zcash Price Rises 25% as Privacy Token Gains Momentum Privacy token Zcash is up 25.06% to $331.25 over the past 24h, dramatically outperforming the broader crypto market rally, primarily driven…

UK FCA Restricts Bazar Money Transfer Payment Operation The UK Financial Conduct Authority (FCA) said it has imposed restrictions on Bazar Money Transfer’s operations for failing to meet registration requirements.…

GenCos Says N501bn Bond Boosts Confidence in Power Reforms Power Generation Companies (GenCos) say the successful issuance of N501 billion bond in January underscores growing investor confidence in the Federal…

Nigerian Bourse Tops N130trn as Investors Gain N208bn The Nigerian Exchange (NGX) topped N130 trillion in market cap on Tuesday as investors gained N208 billion. The local bourse performance was…

Naira Depreciates to N1,386 as Interbank Turnover Slides The naira depreciated to N1,386.65 per US dollar at the Nigerian foreign exchange market (NFEM) as interbank turnover reduced from the previous…

FTSE Russell to Upgrade Nigeria to Frontier Market Status in Sept. FTSE Russell, the global index provider, today announced that Nigeria will be reclassified to frontier market status in September…