As the domestic and foreign policies of the Federal government will characterize investment activities this week, investment researchers at Bancorp Securities Limited, a leading investment research and consulting services firm in Nigeria, has projected a bearish momentum in the nation’s equities market. The analysts, who made this projection in the firm’s ‘Weekly Stock Recommendations: July […]
The S&P Global Ratings has assigned a AA-rating to African Development Bank Group (AfDB) for its inaugural hybrid capital issuance, which is expected to position the bank as a pioneer in innovative sustainable financing globally The AA-rating to the debut transaction is the highest rating for hybrid capital and the first ever to be issued by […]
The Chief Executive Officer (CEO) of OPay Nigeria, Mr. Olu Akanmu, has tendered his resignation to the company’s board of directors after two years of his appointment as the digital payment firm marked its 5th year of operations in the country. The digital payment expert, who announced his resignation via a Twitter post on Monday […]
The Murtala Muhammed International Airport (MMIA) Command of the Nigeria Customs Service (NCS) reported that it generated N38,707,054,216.44 in the first half of this year, representing 79.6% of its yearly revenue target for the financial year. The Area Command Comptroller, M.S Yusuf, stated that the Command had been consolidating on its recent achievements in the […]
The Director General of the Debt Management Office (DMO), Ms. Patience Oniha, has restated the need for appropriate fiscal policies and actions to improve the nation’s revenue generation capacity and sustainable growth of the country. The debt management expert, who noted that Nigeria’s debt to GDP ratio at below 25% remained among the lowest globally […]
….As diesel price rises by 11.18% The Premium Motor Spirit (Petrol) Price Watch (June 2023) published by the National Bureau of Statistics NBS) on Wednesday, July 26, showed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) in June 2023 was N545.83, indicating an increase of 210.31% relative to the N175.89 […]
Google LLC, a U.S multinational technology company focusing on artificial intelligence, online advertising, search engine technology, cloud computing, computer software and many other online solutions, has announced that Nigerians can now make payments on its Play Store using the local currency, the Naira. The techno company’s disclosure is part of its partnership with Verve, the […]
The International Monetary Fund (IMF) on Tuesday raised its 2023 global growth estimates slightly higher as economic activity in the first quarter globally remained upbeat across geo-political regions worldwide. It, however, noted that persistent challenges were dampening the medium-term outlook of the global economy. The Breton Woods institution, in its latest World Economic Outlook, stated […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), the benchmark interest rate, by 25 basis points to 18.75% from the previous 18.5%, representing the highest interest rate in 22 years. The acting CBN Governor, Mr. Folashodun Shonubi, who announced the latest hike in […]
….forecast retention of benchmark lending rate, others Investment experts at Bancorp Securities Limited, one of the nation’s investment research and consulting services firms, have predicted that trading in the nation’s equities market will retain last week’s momentum as the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) is set to review the key monetary […]