Credit rating agency Standard and Poor’s (S&P) has downgraded South Africa‘s rating to BB+ -status, as the country’s currency continued to slide…
Finance
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Africa Finance Corporation (‘AFC’), a leading pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond.…
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…begins massive sale with $100m …sells $10,000 each to BDCs The Central Bank of Nigeria (CBN) has opened a special Forex window…
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BusinessEconomyFinanceNewsStock Market
Equities open bearish as investors book profit … NSE ASI down 47bps
Market Statistics Monday, 10th April, 2017 Market Cap (N’bn) 8,867.0 Market Cap (US$’bn) 28.9 NSE All-Share Index 25,626.37 Daily Performance % (0.5)…
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BusinessEconomyFinanceNewsOil and Gas
Shell top executive knew of bribe given to Nigeria officials, new evidence on oil payments
The BBC said it has seen evidence that top executives at Shell knew money paid to the Nigerian government for a vast…
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Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus for attempting to uncover a whistleblower’s identity, the British bank…
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Central Bank of Nigeria CBN has decided to now sell shorter-dated dollar for future transaction in a bid to inject liquidity into…
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In its avowed determination to ensure ample supply of foreign exchange liquidity in the market, the Central Bank of Nigeria (CBN) on…
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Fitch Rating Agency yesterday said that Zenith Bank is stronger than the rest banks in its own assessment of the capacity of…
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Wema Bank PLC said it has paid off the N50 billion loans it took from the CBN. The bank’s Chief Finance Officer…
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The Financial Stability Report for 2016 financial year released by the Central Bank of Nigeria for December 2016 suggests that three out…
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The Central Bank of Nigeria (CBN) on Thursday, April 6, 2017, offered the sum of $100 million to authorised dealers at the…
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Gene Leon, Head, International Monetary Find, IMF office in Nigeria has said that the naira is overvalued by 10 to 20 per…
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Market Cap (N’bn) 8,911.6 Market Cap (US$’bn) 29.1 NSE All-Share Index 25,755.18 Daily Performance % 1.1 Week Performance % 0.9 YTD Performance…
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The Central Bank of Nigeria (CBN) in its bid to sustain supply of liquidity to the foreign exchange market, has made a…