admin

26 Large Ships Lost Worldwide in 2023 –Allianz Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a decline of more than one […]

Stock Recommendation: Futureview Bullish on Banking Names Futureview financial services limited has rated major banking names buy on double digit returns expectations. The investment firm decision appears to have been supported by healthy earnings performance posted by these banking names. Analysts rated GTCO Buy with expectation that the orange brand has 19.44% upside potential at […]

Treasury Bills Yield Drops to 21% Ahead of CBN Auction The average yield on Nigerian Treasury bills declined slightly to approximately 21% as fixed interest securities investors ramped up naira assets in the secondary market ahead of auction. Meanwhile, the Central Bank of Nigeria (CBN) is schedule to conduct primary market auction Wednesday where the […]

Analysts See 48% Upside in Access Holdings at N25.68 Dec Target Price 48% upside simply means N1 million investment in Access Holdings PLC stock could appreciate to N1.480 million if the prediction materialises. Equities analysts at Meristem Securities have estimated N25.68 as target price for Access Holdings Plc as the Pan African lender continue to […]

Yields Subdue as Investors Divest 2025, 2026 FGN Bonds Trading activities in the secondary market for Federal Government of Nigeria (FGN) bonds ended on a quiet note as investors weigh impacts of interest rate hike on their portfolio. The market remained subdued as investors divested from the MAR-25 and JAN-26, resulting in their yields rising […]

Funding Rates Edge Up, Banks Borrow from CBN Funding rates edged up in the money market as most Nigerian deposit money banks continued their quest for liquidity to meet their funding obligations, Cowry Asset Limited said in a note. Last week, banks ramped up N3.4 trillion from the Central Bank of Nigeria (CBN) standing lending […]

Naira Gains as Nigeria Records 19th FX Inflows in Days The naira climbed further on Tuesday as forex market liquidity stayed ahead of US dollar demand logged by eligible FX users in the official window. A similar mild bullish trend was spotted in the informal currency market as the Central Bank of Nigeria rose to the […]

Nigerian Exchange Grows as Equities Investors Gain N61bn The equities market capitalisation of the Nigerian Exchange grew as investors recorded about N61 billion in capital appreciation. The local bourse extends a bullish run as the market weighs positions in line adjusted benchmark interest rate. At the end of its policy committee meeting, the Central Bank […]

Independent petroleum marketers have expressed concern over the rising price of Premium Motor Spirit, PMS, otherwise known as petrol, in private depots to N710 per litre. With the increase, petrol pump prices at outlets operated by independent marketers also rose to between N730 and N750 per litre which has led to queues at some stations […]

Israeli Prime Minister Benjamin Netanyahu denied allegations that he was starving Palestinians in Gaza as a method of war in an interview with CNN’s Jake Tapper on Tuesday, saying an arrest warrant application currently under review in the International Criminal Court (ICC) is based on a “pack of lies.” ICC prosecutor Karim Khan announced Monday […]

By Afe Babalola SAN IF there is any unique and over flogged word that has managed to secure a permanent abode in the political lexicon of the world today, that word, undoubtedly, is democracy. It has been defined as “the belief in freedom and equality between people, or a system of government based on this […]

A former National Vice Chairman, Northwest, of the ruling All Progressives Congress (APC), Salihu Moh. Lukman, has blasted his party for dashing the hopes of Nigerians in the last nine years. In a statement on Tuesday, while restating his membership of the party, Lukman said the worst part of the situation is that “we have […]