Nigeria to sell crude oil to Dangote refinery in Naira from October
Nigeria will begin sale of Crude oil to Dangote refinery in Naira from October 2024. This was made known in a post on the Ministry of Finance's X handle.The announcement…
FG opens bids for $500m domestic bond at 9.75% interest rate
The Debt Management Office of the Federal Government has started accepting bids for its $500 million dollar-denominated domestic bond.The bond, which opened for subscription on August 19, 2024, boasts a…
Banks’ assets increase to N1201.8 trillion
The banking sub-sector of Nigeria's Financial & Professional Services (FPS) industry has experienced remarkable growth, with total assets increasing by 56.14% to N121.8 trillion. This surge is highlighted in the…
Forex reserves falls by $342.97 million, first time in four months
Nigeria's foreign exchange reserves have experienced a decline, dropping by approximately $342.97 million over nine days. As of August 15, 2024, the reserves stood at $36.53 billion, marking a 0.93%…
Kenya to reintroduce scrapped tax measures
Kenya is set to reintroduce some of the tax measures which were initially scrapped by President William Ruto after deadly nationwide protests.Recall that Kenya had witnessed nationwide demonstrations in reaction…
Ghana seeks $500 million Cocoa loan amid industry uncertainty
Ghana is negotiating a $500 million loan with cocoa traders, including Olam Group Ltd. and Barry Callebaut AG, to finance its cocoa industry operations. This move comes as the country…
Nigerian Equity Market suffers fourth consecutive loss
The Nigerian equity market's bearish trend continued for the fourth consecutive session on Thursday, resulting in a N56 billion loss for investors. The All Share Index (ASI) declined by 0.10%…
What you should know before investing in bank shares
Following the Central Bank of Nigeria's directive in March, which increased the minimum capital base for banks, 26 banks are now actively engaging in capital markets and investment platforms. This…
Top 10 most expensive states in Nigeria
Bauchi tops Nigeria's most expensive states in July 2024, as inflation soars. Explore the top 10 list and see how rising costs impact living expenses nationwide
Nigeria to issue $500 million domestic bond
Nigeria has announced plans to offer domestic bonds in US dollars starting next Monday. With this dollar denominated domestic bond, the Nigerian government hopes to raise $500 million from investors.The…
