Proshare Nigeria Limited, Nigeria’s leading investment research firm, has projected sustained edge in money market rates this week even as it forecasts that yields from Treasury Bill (TB) investments may slide when compared with investors’ yields last week. The research firm, in its market outlook report for this week, noted that as at close of […]
The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]
US stocks came out of the blocks strongly on Friday, with major gains across all the indexes, thereby bolstering investors’ hope of a better end to a very volatile week. A news report by invezz.com, an online medium, indicated that in early trading, the S&P 500 recorded more than 2%, while the Nasdaq Composite surged […]
The Debt Management Office (DMO) yesterday announced the offer of three Federal Government of Nigeria (FGN) bonds valued at N225 billion, for subscription through auction. The Office listed the three offers as N75 billion, March 2025 FGN bond, at 13.53 per cent interest rate per annum (10 year re-opening); N75 billion, April 2032 FGN bond […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has unveiled a roadmap to designed to forestall sustained exchange rate instability of the Naira with a view to ensuring the currency’s exchange rate stability and by implication, enhance its value-addition to the economy. The association made this disclosure on Thursday in a statement issued […]
In a bid to fully digitalize operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) Nigeria is proposing some guidelines that will enable investors in the capital market to be able to do virtually everything they need to do on their internet-enabled appliances and at their convenience. The guidelines are contained in […]
Bancorp Securities Limited, one of Nigeria’s investment market consulting firm, has predicted that it expects that the bullish trend that persisted in the equities market at the close of trading last Friday would be sustained this week, although on a less aggressive note. The firm’s researchers hinged the forecast on the fact that despite the […]
The African Development Bank (AfDB), has estimated that Sub-Saharan African countries will require between $68 billion to $108 billion annually to the bridge their current infrastructure financing gap. The Bank made this projection in a statement hoisted on its website and sourced by our correspondent on Friday. The President of the AfDB Group, Dr. Akinwumi […]
The Securities and Exchange Commission (SEC) Nigeria has called on the Nigerian Economic Summit Group (NESG) for collaboration in its sustained efforts to grow the nation’s equities market and improve its contributions to the economy. The Director-General of the commission, Mr. Lamido Yuguda, solicited the group’s support when a team from the NESG visited the […]
The World Bank Group has projected that as the Sub-Saharan African (SSA) faces new economic growth challenges compounded by the Russian invasion of Ukraine, after gradually recovering from the Covid-19 pandemic’s impacts, Nigeria and Angola’s economies’ outlook looks bright as both countries are expected to sustain growth trajectory due to rising oil prices and good […]