9 Sovereigns Defaulted on Debts since 2020 –Fitch
9 Sovereigns Defaulted on Debts since 2020 –Fitch Amidst rising global debts, there have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with…
Stock Market Swells as MTN, Oando Rally
Stock Market Swells as MTN, Oando Rally The equities segment of the Nigerian Exchange (NGX) extended bullish performance following bargain-hunting in MTN Nigeria with a share price appreciation of 8.9%,…
First Bank Chief, Others Charged with Forgery
First Bank Chief, Others Charged with Forgery The Federal Government has filed charges against First Bank of Nigeria Limited, its managing director and three others over allegations bordering on forgery,…
Cadbury Nigeria Boosts Earnings in 2022
Cadbury Nigeria Boosts Earnings in 2022 Despite uncertainties in the economy, Cadbury Nigeria Plc boosted performance with a 30.3% year-on-year growth in revenue, printing at N55.21 billion in the financial…
Dangote Lists Series 1, 2 Largest Bonds on NGX, FMDQ
Dangote Lists Series 1, 2 Largest Bonds on NGX, FMDQ Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries…
Bonds, T-Bills Yields Steady as Funding Rates Spike
Bonds, T-Bills Yields Steady as Funding Rates Spike The FGN Bond market traded on a quiet note, with no significant trade consummated across the curve, according to market data. Thus,…
Nigeria’s Debt Increases 17% to N46.26trn
Nigeria’s Debt Increases 17% to N46.26trn Nigeria’s total public debt accelerated by about 17% to N46.25 trillion, an amount which is equivalent to $103.1 billion in 2022, according to Debt…
US Dollar Falls Ahead of Final GDP Data
US Dollar Falls Ahead of Final GDP Data The United States (U.S) dollar continued its descent against its major trading partners early Thursday ahead of the final gross domestic product…
Sterling Bank Delays Publication of Audited Results
Sterling Bank Delays Publication of Audited Results Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for…
Oando’s Majority Shareholder Plans Takeover, Dual Delisting
Oando’s Majority Shareholder Plans Takeover, Dual Delisting Oando said its majority shareholder, Ocean and Oil Development Partners, is offering to acquire the stakes of all minority shareholders as it plans…