FCMB Raises N20.686bn from Debt Market to Boost Capital
FCMB Group Plc. has successfully completed the issuance of a N20,686,000,000 perpetual 16% fixed rate resettable NC5.25 additional Tier I capital subordinated bonds …Read more
Stock Market Bleeds Deep ahead of Election
Dropping low from N30 trillion level, the Nigerian equities market was cut deep Thursday as a result of ongoing profit-taking activities in the local bourse. Data from the… Read more
Sahara Group Urges Collaboration, Investments to Drive Sustainable Energy in Africa
Addressing top energy operators, regulators and government functionaries at the 2023 African Refiners and Distributors Association (ARDA) Week in Cape Town, Wale Ajibade… Read more
Infantino Re-elected Unopposed as FIFA President
Gianni Infantino has been re-elected as the president of the Federation of International Football Association (FIFA). The election was held on Thursday during the 73rd Congress… Read more
Nigeria’s Inflation Accelerates to 21.91%
Nigeria’s headline inflation rate accelerated by 10 basis points in February to 21.91%, impacted by the impacts of the central bank’s failed cashless policy and increase in food prices. Read more
Rapid Monetary Tightening, Weak Risk Management Increase US Banks’ Risks
On 9 March, the California state banking regulator closed Silicon Valley Bank (SVB) and appointed the FDIC as a receiver, after the bank’s attempt to address a very significant asset… Read more
Currency Slump Raises Demand for US dollar Assets in West Africa
The Russian-Ukraine war and the lingering impact of the COVID-19 pandemic have severely weakened West African economies and currencies – but businesses and investors ... Read more
Santam Acquires MTN S.A Device Insurance Book
Santam, South Africa’s leading short-term insurer, has entered into an alliance with MTN South Africa, which will see the company purchase the mobile telecommunication …Read more
Naira Appreciates against US Dollar after BTA/PTA Cut
The Nigerian local currency, the Naira, appreciated against the United States (US) dollar on Wednesday, exchanging at N461.09 at the Investors’ and Exporters’ foreign exchange… Read more
Islamic Finance Industry in Morocco Faces Key Challenges
The Islamic finance industry in Morocco is nascent and faces structural challenges, which could hinder its full growth potential, Fitch Ratings says…. Read more
Shell Resumes Oil Export from Bonny Terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Wednesday announced the resumption of oil exports from the Bonny Crude Oil Export Terminal. Read more
Ghana’s inflation Rate Declines to 52.8%
Amidst uncertainties, Ghana’s consumer inflation slowed to 52.8% year on year in February from 53.6% in January, the statistics service said on ….Read more
FG Shifts 2023 Census to May
Minister of Information and Culture, Alhaji Lai Mohammed said the 2023 population and housing census earlier scheduled for March 29 has been shifted to May 2023. Read more