Nigeria Offers Higher Rates to Attract Hot Monies
Naira Skids, FX Gap Now N27 as Firms Differ on Real Rate: The Nigerian naira temperature became hotter across foreign exchange markets amidst claims that the local currency…Read more
Market Value of Transcorp Plc Grows by 19% to N691bn: Transcorp Plc gained 19% as the company shares became popular among alpha seekers. The company saw valuation climbing above…Read more
Banks Borrow N8trn from CBN to Boost Liquidity: Deposit money banks (DMBs) borrowed N8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) as the need…Read more
Heirs Holdings Launches Tech Coy to Lead Digital Transformation: Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic…Read more
Nigeria Offers Higher Rates to Attract Hot Monies: The Nigerian government is offering higher interest rates on financial instruments in a bid to drive foreign currency inflows…Read more
Geregu Power Forecasts N9.2bn Profit for Q2: Geregu Power Plc is expecting more than N9.2 billion as net profit in the second quarter of financial year 2024 versus…Read more
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Double Shock Nearly Halts Angola Economic Recovery –IMF: Angola’s economic recovery in 2021/22 was nearly halted in 2023 by a double shock in the first half of the year, as the oil sector weakened, and the debt moratorium ended…Read more
Naira to Appreciate to N1200 vs US Dollar -Goldman Sachs: In 12 months, the naira would appreciate to N1200, Goldman Sachs said in its latest report titled Nigeria- Turning the Corner…Read more
Juli Plc Spikes 32.5%, Market Value Nears N1bn: Equities investors trading highs and lows on the Nigerian Exchange (NGX) have continued to rise…Read more
VFD Group Forecasts N3.26bn as Profit in Q2-2024: VFD Group Plc has forecasted N3.26 billion as profit expectation for the second quarter of 2024, according…Read more
Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance: Flutterwave said it is shutting down its Barter service, a virtual card platform launched in 2017 to support…Read more
Nigeria’s Exports, Imports Close at N35.9trn Each in 2023: Nigeria achieved near near-balanced trade record in 2023, the latest data provided by the statistics office showed. Exports and imports value…Read more