Naira devaluation credit negative for Dangote Cement, Coca-Cola: Moody’s
The recent naira devaluation is credit negative for Nigeria’s nonfinancial companies with foreign currency-denominated debt and local naira cash flow,
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Author: Markets Reporters
CBN to resume offer rates quotation for FX futures Monday
The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to
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Nigeria’s biggest power station says generation hits 1,000MW
Egbin Power Plc, Nigeria’s biggest power station, says it has achieved a 1,000 megawatts power generation, which it described as
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Nigeria’s gains from subsidy removal, FX reforms to top N21trn by 2025: World Bank
With the removal of the subsidy and the implementation of FX reforms, the government is projected to achieve estimated fiscal
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World Bank sees Nigeria’s inflation hitting 25% on subsidy removal
The World Bank has said the inflation rate in Nigeria is expected to peak at 25 percent this year on
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FX forward, futures contracts surge amid naira devaluation
The demand for foreign exchange forward and futures contracts surged this week as the naira saw a significant decline against
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Nigeria risks falling back into recession, Rewane warns
Africa’s biggest economy is at risk of falling back into recession after a slowdown in the first quarter of the
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Nigerian stocks jump 5.5% in week after Emefiele’s exit
Nigerian stocks ended this week with a 5.49 percent increase in the main index as investors reacted to the suspension
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Nigeria, Morocco, four others sign deal on $25bn gas pipeline project
Nigeria, Morocco, Cote d’Ivoire, Liberia, Benin, and Guinea have signed four significant Memoranda of Understanding related to the Nigeria-Morocco Gas
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Nigeria’s power generation plunges to 2,649.9MW after fire incident
Electricity generation in Nigeria fell by 37 percent in 24 hours, worsening outages in Africa’s biggest economy amid rising cost
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