Bond Falls after CBN Sold 364-Day Bills at 14.84%

Trading activities in the secondary market space ended on a mixed note after the Central Bank of Nigeria (CBN) offered investors higher spot rates at the primary market auction conducted …Read more

NGX Puffs Up on Bargain Hunting in Airtel, BUA

The Nigerian Exchange (NGX) puffs up on Thursday over bargain hunting in Airtel Africa shares, Nigerian Breweries while BUA Cement consolidates on the previous day’s gain. Read more

Corporate Affairs Commission Ends AGM by Proxies

The Corporate Affairs Commission (CAC) says guidelines on the use of proxies by public companies for Annual General Meetings (AGMs) will cease to apply from … Read more

Oil Falls as Supply Concerns Ease, Nigeria Cuts Price

Oil prices decreased on Thursday influenced by the impending price cap on Russian crude by G7 countries, easing tight supply fears. Nigeria has cut the official selling prices …Read more

Alleged $9.6bn P&ID Scam: Court Orders Arrest of Another Foreigner Corrado Fantoli

A Federal High Court, Abuja, on Thursday, ordered the arrest of one of the alleged brains behind the Process and Industrial Development (P&ID) Ltd.’s alleged 9.6 billion dollars scandal… Read more

South Africa Hikes Benchmark Repo Rate to 7%

Amidst rising consumer price index, the South African Reserve Bank raised its benchmark repo rate by another 75 basis points to 7% at its November 2022 meeting… Read more

Naira Hits N446 as External Reserves Decline to $37.19bn

FX: The Nigerian local currency, the naira, slides further to N446 against the United States (US) dollar at the investors’ and exporters’ foreign exchange window. Read more

Strengthening Agricultural Productivity Key to Job Creation -IMF

The International Monetary Fund, IMF, says that strengthening the performance of the agricultural sector is key to job creation, food security, and social cohesion … Read more

Nigeria’s Economic Growth Slowdown in Q3

Nigeria’s economic growth slowdown by 65 basis points in the third quarter of 2022 amidst uncertainties. According to the National Bureau of Statistics (NBS), real gross domestic product (GDP) growth slowed to 2.25% year on year. Read more

Weak Cedi Worsens Ghana’s Debt –Finance Minister

Ghana’s finance minister Ken Ofori-Atta said on Thursday that the depreciation of the cedi is affecting the country’s ability to manage its debt. In 2022, the local currency has lost more than 50% of its value… Read more