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Wednesday, May 6, 2026
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Author: Markets Reporters

Economics Latest TOP STORIES 

Nigeria’s April inflation to edge down to 21.6%: Capital Economics

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Bola Tinubu, Capital Economics, Inflation rate in Nigeria

Data due to be published on Monday will show that Nigeria’s headline inflation rate edged down to 21.6 percent year-on-year

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Economics Latest TOP STORIES 

Kenya’s rating cut deeper into junk by Moody’s, nears Nigeria’s

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Kenya credit ratings, Moodys Investors Service

Moody’s Investors Service, a global credit rating agency, has downgraded Kenya’s ratings further into the junk territory as domestic financing

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FEATURED Latest Stocks TOP STORIES 

Nigerian bourse poised to woo more savings bond buyers

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Afrinvest, FGN Savings Bond, Nigerian Exchange Limited

The Nigerian Exchange Limited has joined forces with Afrinvest (West Africa) Limited, a capital market holding company, to drive up

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Energy FEATURED Latest TOP STORIES 

Nigeria will use up oil reserves in 50 years – World Bank

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Reserve to production ratio, World Bank

Nigeria’s crude oil reserves will be exhausted in 50 years’ time if production continues at the current rate, the World

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Economics FEATURED Latest TOP STORIES 

Nigeria, three others flirting with debt distress: Capital Economics

May 12, 2023May 12, 2023 Markets Reporters 0 Comments Capital Economics, Debt distress, Frontier markets

Nigeria, Kenya, Mozambique and Angola are teetering on the brink of debt distress as their bond spreads are around 1,000

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Economics FEATURED Latest TOP STORIES 

Naira will weaken to 500 per dollar by Dec: Fitch

May 12, 2023May 12, 2023 Markets Reporters 0 Comments BMI Research, Fitch Solutions company, naira, naira devaluation

Naira is expected to weaken to 500 per dollar on the official market at the end of this year, BMI

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FEATURED Latest Technology TOP STORIES 

Airtel Africa’s annual profit drops, dividend up 9%

May 11, 2023May 11, 2023 Markets Reporters 0 Comments Airtel Africa, Olusegun Ogunsanya

Airtel Africa Plc has reported a decrease of 0.6 percent in its net profit for the financial year ended March

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Energy FEATURED Latest TOP STORIES 

Court rejects oil drillers’ request to stop 1% Nigerian content levy

May 11, 2023May 11, 2023 Markets Reporters 0 Comments 1% NCDF levy, NCDMB, Simbi Wabote NCDMB

The  Federal   High   Court  sitting   in   Yenagoa,   Bayelsa   State, has   delivered   a 

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FEATURED Latest Stocks TOP STORIES 

Nigerian stocks end four-day winning streak

May 11, 2023May 11, 2023 Markets Reporters 0 Comments NGX, Nigerian stocks

The Nigerian stock market finished in the red on Wednesday, halting a four-day winning streak and erasing gains recorded in

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FEATURED Latest Stocks TOP STORIES 

Otedola sells 2.8 million shares in Geregu Power for N820.67m

May 10, 2023May 10, 2023 Markets Reporters 0 Comments Femi Otedola, Geregu Power

The Chairman of Geregu Power Plc, Mr Femi Otedola, has sold 2,823,092 shares out of his stake in the power

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