Selloffs Raise Yield on Nigerian Treasury Bills by 45bps
Selloffs Raise Yield on Nigerian Treasury Bills by 45bps Sustained selloffs lifted the average yield on Nigerian Treasury bills by 45 basis points amidst rising concerns over inflation conditions in…
Naira Lost 7.6% after CBN Gives Notice on FX Inflows
Naira Lost 7.6% after CBN Gives Notice on FX Inflows The naira recorded large daily depreciation at the Nigeria autonomous foreign exchange window amidst expectation that the apex bank would…
Investors Lost N35bn as Equities Market Relapsed
Investors Lost N35bn as Equities Market Relapsed April isn’t going too well for the Nigerian Exchange equities investors following a sustained risk off sentiment that has persisted for long. On…
Ecobank Transnational Repays $500m Eurobond
Ecobank Transnational Repays $500m Eurobond Ecobank Transnational Incorporated (ETI) says it has successfully repaid its 500 million dollar five-year eurobond on Thursday, in testament to its financial strength. Dr Ayo…
ECOWAS Commission President Lauds ICC’s Maritime Security Achievements in Gulf of Guinea
ECOWAS Commission President Lauds ICC’s Maritime Security Achievements in Gulf of Guinea The President of the ECOWAS Commission, Dr Omar Touray, has lauded the efforts of the Inter-regional Coordination Centre,…
Transcorp Hotels Sells Calabar Subsidiary to Eco Travels & Tours.
Transcorp Hotels Sells Calabar Subsidiary to Eco Travels & Tours. Transcorp Hotels Plc on Thursday said it had divested its 100 per cent interest in Transcorp Hotels Calabar Ltd., to…
New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch
New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash…
Sustainable Transport Infrastructure Key to Nigeria’s Economic Growth – Expert
Sustainable Transport Infrastructure Key to Nigeria’s Economic Growth – Expert The Global Transport Policy (GTP) Ltd., a communication outfit, has stressed the need for a sustainable conversation for an excellent…
Eko Disco Reiterates Commitment to Improved Service Delivery
Eko Disco Reiterates Commitment to Improved Service Delivery The Eko Electricity Distribution Company (EKEDC) says it is dedicated to ensuring reliable power supply to its customers within the areas under…
Transcorp Power Appoints Tuedor-Matthews, Odita, as Non-Executive Directors
Transcorp Power Appoints Tuedor-Matthews, Odita, as Non-Executive Directors Transcorp Power Plc (Transcorp Power) on Thursday announced the appointment of Ms Faith Tuedor-Matthews and Mr Charles Odita as Independent Non-Executive Directors,…