Tuesday, May 18, 2021
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Genevieve Okorocha

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Nigeria see Inflation dips by 0.05% in April – NBS

Abuja, May 17, 2021  The National Bureau of Statistics (NBS), says inflation rate reduced by 0.05 per cent in April compared to what obtained...

Commercial Banks Place Restriction on Dollar Deposits Amid Foreign Reserves Slump

Nigerian banks have placed a new restriction on the amount of United States dollars customers can deposit into their domiciliary accounts. The initial amount...

In Q1’21, Credit to private sector surged 1.4% as bank deposits rise N6.95tn

Credit to the private sector grew by 1.4 per cent at end-January 2021, compared with 0.1 per cent in the corresponding period of 2020,...

Airtel Africa now valued at $2.65bn after $300m strategic investment deal

Airtel Africa has disclosed that it has signed a $300m strategic investment with The Rise Fund and Mastercard, which has increased the value of...

Crude oil exploration alienates Niger Delta people”

Port Harcourt — The way crude oil exploration and its accompanying business is being carried out in the country, alienates people of the Niger...

Average yields on Nigerian T-bills spikes after auction suspension

Average yields on Nigerian Treasury bills (T-bills) inched up as the Federal Government of Nigeria (FGN) postponed an auction that was initially scheduled for...

Nigeria see Bonds, T-Bill Rates Plunge as Funding Pressures Remain High

Bonds, Treasury bill yields compressed on Monday as Nigerian debt market records mixed sentiment in the space, a development that analysts linked to renewed...

Nigeria’s Purchasing Managers’ Index Hints at Sustained Economic Growth

Nigeria’s business activity remained in expansion territory as the IHS Markit-Stanbic IBTC headline PMI remained at 52.9 points in April. Expansion in new orders...

Nigeria seeks to reduce demand for foreign stocks with new tightened rules for local brokers

Nigeria is once again trying to calm demand for foreign stocks through tighter regulatory oversight of local brokers. The Abuja-based Securities and Exchange Commission now...

Fitch Affirms Ecobank Transnational Inc at ‘B-‘; Outlook Stable

Fitch Ratings - London - 06 May 2021: Fitch Ratings has affirmed Togo-based Ecobank Transnational Incorporated's (ETI) Long-Term Issuer Default Rating (IDR) and Viability...

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