Nigerian stocks extend winning streak to four days
The Nigerian stock market finished in the green on Wednesday for the fourth straight day as 29 firms posted gains
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Cash-strapped Ghana secures $3bn IMF loan
The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF)
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CBN expected to raise interest rate to 18.25% next week: FDC
The Central Bank of Nigeria is expected to continue its interest rate-hike cycle next week as inflation jumped again in
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‘Adapt or perish’: Rewane warns of crunch time for Nigeria
With the economy in dire straits and several challenges awaiting the next government, Nigeria will have to “adapt or perish”,
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Elumelu’s wife buys 2.06 billion shares in Transcorp
Dr Awele Elumelu, the wife of the Chairman of Transnational Corporation Plc, Mr Tony Elumelu, has bought 2,063,484,991 shares of
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More firms tap futures contracts as naira dips further against dollar
The value of FX futures contracts traded this week between banks and their clients jumped more than eightfold as the
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Nigerian bourse poised to woo more savings bond buyers
The Nigerian Exchange Limited has joined forces with Afrinvest (West Africa) Limited, a capital market holding company, to drive up
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Nigeria will use up oil reserves in 50 years – 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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Nigeria, three others flirting with debt distress: Capital Economics
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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Naira will weaken to 500 per dollar by Dec: Fitch
Naira is expected to weaken to 500 per dollar on the official market at the end of this year, BMI
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