Equity market maintains downtrend, sheds 0.46%
Equity market maintains downtrend, sheds Investors in the equities market were downbeat, with the All Share Index (ASI) declining by percent to 41, points while year to date gain…
Senate to consider central bank nominees on tomorrow
Senate to consider central bank nominees on tomorrow Nigeria’s upper house of parliament will consider on Thursday President Muhammadu Buhari’s nominees for the central bank’s interest rate-setting committee, the…
Dangote Cement to raise N300bn through bonds
Dangote Cement to raise N300bn through bonds Dangote Cement Plc has unveiled plans to raise N300 billion through a bond shelf programme. Brian Egan Chief Financial Officer (CFO) of…
Equity market maintains downtrend, sheds 0.35%
Equity market maintains downtrend, sheds The downward trend of the local bourse was extended into the fifth consecutive day following sell offs in Guaranty Trust Bank ( percent) Seplat…
Oladipupo Jadesimi emerges FCMB Group chairman
Oladipupo Jadesimi emerges FCMB Group chairman FCMB has announced Mr. Oladipupo Jadesimi as new chairman of the group, following the approval of his appointment as a non executive director…
CWG expects lower earnings for 2017 year end
CWG expects lower earnings for 2017 year end Following the preliminary review of CWG Plc’s financial statements for the year ended 31 December 2017, it is expected that the…
Unity Bank debunks $1bn deal with Milost
Unity Bank debunks $1bn deal with Milost Contrary to a Bloomberg’s report claiming that Milost Global Inc plans to invest USD1 billion in Unity Bank Plc, the Bank has…
Buhari approves $15bn loan negotiation for Port Harcourt-Maiduguri rail project
Buhari approves $15bn loan negotiation for Port Harcourt-Maiduguri rail project President Muhammadu Buhari has approved negotiation for $15 billion loan for the completion of work on the Port Harcourt…
CBN injects $210 million into FX market
CBN injects $210 million into FX market Central Bank of Nigeria (CBN) on Monday released a total of $210 million into the interbank foreign exchange market. Acting Director of…
Ghana to name four lead advisors for $2.5bn Eurobond sale
Ghana to name four lead advisors for $ Eurobond sale Ghana is set to name four banks as lead advisers for a planned sale of up to $ billion…