Month: October 2024

Foreign Investors Bet on Nigeria Eurobonds after Rates Cut African Eurobonds have been heated up with increased demand as some central bankers began to slide rates. Due to its elevated…

Russia Fines Google $2.5 Decillion Over YouTube Bans Russia has fined Google a world record-breaking fine of $2.5 decillion after years of refusing to restore the accounts of pro-Kremlin and…

Money Market Rates Decline Further as Liquidity Steadies Stable liquidity balance in the financial system kept movement of money market rates in check. Banks borrowing from the central bank standing…

Senate Confirms 7 Ministerial Nominees The Senate has confirmed the appointment of seven ministerial nominees forwarded to it by President Bola Tinubu. The nominees were confirmed after hours of screening…

Nigeria to Tap from $5bn Global Carnival Market – Shettima The Federal Government is positioning the country’s carnival industry to tap from the global carnival market, estimated at five billion…

Naira Falls as Data Shows FX Market Inflows Reduce The naira falls again, albeit slightly in the foreign exchange (FX) market, as data showed that inflows dipped. Demand for foreign…

NAICOM Sacks African Alliance Insurance Plc Board, Management The National Insurance Commission (NAICOM) has sacked the board and management of African Alliance Insurance Plc for years of insolvency and failure…

NGX Lost N21bn as Selloffs Hit MTN, PZ, Jaiz Bank The Nigerian Exchange (NGX) market capitalisation lost by more than N21 billion due to sell pressure on MTN Nigeria, PZ…

NGX Index Dips Intraday over Selloffs in MTN, UBA The equities market index is trading negative during the midday session on the Nigerian Exchange (NGX) platform due to sell pressure…

Gold Hits All-Time High ahead of U.S. Election Gold has hit an all-time high in the global commodities market ahead of U.S. election. Gold hit another record high this morning,…