Oando JV Signs Gas Deal to Power Bayelsa’s Power Supply
Oando JV Signs Gas Deal to Power Bayelsa’s Power Supply Oando Plc announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the…
XRP Gains as Ripple Tests Real-Time Bonds Settlement in Korea
XRP Gains as Ripple Tests Real-Time Bonds Settlement in Korea XRP price rose by 5% to $1.46 as Ripple tested real-time bond settlement in Korea, fuelling expectations that improved adoption…
Nigerian Bonds Face Selloffs after Disinflation Reversal
Nigerian Bonds Face Selloffs after Disinflation Reversal A reversal to disinflation stoked selling pressure in Nigerian bonds, as investors’ returns came under risk amid spot rate repricing across the fixed-income…
Money Market Rates Mixed on Banks Placement, Borrowing
Money Market Rates Mixed on Banks Placement, Borrowing The money market rates closed on a mixed note, as deposit money banks’ placements at the Central Bank of Nigeria (CBN) Standing…
Nigeria Has No Immediate Need For IMF’s Support – Edun
Nigeria Has No Immediate Need For IMF’s Support – Edun The Minister of Finance, Wale Edun, says Nigeria has no immediate plans to approach the International Monetary Fund (IMF) for…
MTN Suspends Airtime, Data Lending Services
MTN Suspends Airtime, Data Lending Services The MTN Nigeria Communications Plc has temporarily suspended its airtime and data lending service, “Xtratime”, following new regulations introduced by the Federal Competition and…
Nigeria Banks Positioned for Growth after Paid-In Capital -Fitch
Nigeria Banks Positioned for Growth after Paid-In Capital -Fitch All Fitch-rated licenced Nigerian banks have met the new paid-in capital requirements effective from end-1Q26, as have the majority of non-rated…
Disinflation Reversal Makes Interest Rate Cut Less Likely
Disinflation Reversal Makes Interest Rate Cut Less Likely Global energy crisis is expected to put Nigeria’s interest rate cut on hold until the aftermath effects of the US-Iran war fizzle…
Exchange Rate Today -Naira Strengthens to N1342 Per Dollar
Exchange Rate Today -Naira Strengthens to N1342 Per Dollar The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (NFEM), appreciating by 11bps or…
Investors Gain N1.66trn in Nigerian Stock Market
Investors Gain N1.66trn in Nigerian Stock Market The Nigerian stock market extended its bullish run on Thursday, with investors recording a gain of N1.663 trillion as market capitalisation rose to…