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Author: Markets Reporters

FEATURED Latest Money TOP STORIES 

Naira will see bright days ahead, say FDC analysts

August 24, 2024August 24, 2024 Markets Reporters 0 Comments Bismarck Rewane, Dangote refinery, naira, Nigerian naira

Nigeria’s currency, which has been less volatile in recent months, is expected to appreciate against the dollar by the end

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FEATURED Money TOP STORIES 

Dollar plunges after Fed chair’s remarks on rates

August 24, 2024August 24, 2024 Markets Reporters 0 Comments dollar, US Fed chairman

US Federal Reserve chief Jerome Powell yesterday declared ‘the time has come’ to cut interest rates adding to speculation they

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FEATURED Latest Money TOP STORIES 

Bitcoin soars as Powell signals Fed set to cut rates

August 23, 2024August 23, 2024 Markets Reporters 0 Comments Bitcoin, Crypto, Fed rate decision, Jerome Powell

Fed Chairman Jerome Powell’s speech at Jackson Hole on Friday reinforced the expectations of an interest rate cut in September,

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Energy FEATURED Latest TOP STORIES 

Afreximbank, two others back Oando’s NAOC purchase with $650m financing

August 23, 2024August 23, 2024 Markets Reporters 0 Comments Afreximbank, Nigerian Agip Oil Company, Nigerian stocks, Oando, Oando NAOC deal

African Export-Import Bank said it arranged a $650 million facility for Oando Plc for the financing of the company’s acquisition

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FEATURED Latest Money TOP STORIES 

[BREAKING] Moody’s withdraws ratings of Nigerian lender Union Bank

August 23, 2024 Markets Reporters 0 Comments credit ratings, Moodys, Union Bank of Nigeria

Moody’s Ratings announced on Friday that it has withdrawn the ratings of Union Bank of Nigeria Plc due to insufficient

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Economics FEATURED Latest TOP STORIES 

Nigeria’s $500m domestic bond should be successful – Rewane

August 23, 2024August 23, 2024 Markets Reporters 0 Comments Bismarck Rewane, Domestic dollar bond, Nigeria $500m domestic bond

The domestic dollar bond launched on Monday by the Nigerian government should be successful, economic expert and CEO of Lagos-based

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Energy FEATURED Latest TOP STORIES 

OVH acquisition: The facts, by NNPC Ltd

August 22, 2024August 22, 2024 Markets Reporters 0 Comments NNPC OVH acquisition, OVH Energy

The attention of NNPC Ltd has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser

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Energy FEATURED Latest TOP STORIES 

Oando pays $783m for acquisition of Eni subsidiary NAOC

August 22, 2024August 22, 2024 Markets Reporters 0 Comments Eni NAOC, Nigerian Agip Oil Company, Oando

Oando Plc, a Nigerian energy solutions provider, has announces the successful completion of the acquisition of 100% of the shareholding

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FEATURED Latest Money TOP STORIES 

Bitcoin surges as Fed rate cut expected in weeks

August 22, 2024August 22, 2024 Markets Reporters 0 Comments Bitcoin, Crypto, Fed rate decision

Blue-chip cryptocurrencies Bitcoin and Ethereum surged Thursday as Federal Reserve minutes suggested that U.S. interest rate cuts may commence within

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Economics FEATURED Latest TOP STORIES 

US Fed on course to cut rates September, minutes show

August 22, 2024August 22, 2024 Markets Reporters 0 Comments US Fed, US Fed rate cut

Federal Reserve officials last month were strongly leaning toward an interest rate cut at their September policy meeting and several

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