Nigeria’s 20-Year Bond Price Slides as Market Rallies

Trading activities in the bond market ended mixed on Tuesday amidst Debt Management Office’s (DMO) N360 billion primary market auction plan for next quarter … Read more

Nigerian Banks Cut FX Allowances to Customers by Half

Acting on the Central Bank of Nigeria (CBN) directive, deposit money banks (DMB) have announced an industry-wide decision to cut business, travelling allowance …Read more

Flat6Labs Launches US$95m Seed Fund for Early-Stage Startups in Africa

Flat6Labs, a Middle East, North Africa (MENA) leading seed investor, has announced the launch of a new US$95 million Seed Fund to nurture the growth … Read more

IATA Appeals to FG on Airlines’ Blocked Funds

The International Air Transport Association (IATA) has appealed to the Federal Government of Nigeria on a resolution over airlines’ blocked funds. Dr Samson Fatokun … Read more

Nigerian T-Bills Yield Climbs to 4.4%

The average yield on Nigerian Treasury bills climbed by 77 basis points on Tuesday amidst selloffs in the secondary market. Recall that spot rates on 91-day treasury … Read more

Zimbabwe Implements IMF’s e-GDDS Portal

With the successful launch of a new data portal, Zimbabwe has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS)…Read more

Bitcoin Inches Near $25,000 in Fresh Cryptos Rally

Bitcoin price continued to rally early Tuesday as a key US banking sector risk indicator spiked, strengthening the case for a pause in Federal Reserve’s hawkish …Read more

DMO Reopens N360 Billion FGN Bonds for Subscription

The Debt Management Office (DMO) on Tuesday offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription … Read more

NGX Loses N36bn as Investors Offload Financial Stocks

The equities segment of the Nigerian Exchange (NGX) closed the trading session lower on Tuesday as investors offloaded financial stocks. Stockbrokers said major lenders such as GTCO…Read more

Brent Crude Price Slumps to 9-Week Low

The crude oil market kick starts a fresh but massive prices decline following instability in the financial services sector in the United States, reducing positive sentiment … Read more

Ghana Commences Payments on Outstanding Domestic Bonds

The Ghanaian government commenced processes to settle payments on outstanding domestic bonds on March 13, 2023 and holders of those bonds are … Read more