Dollar Now Costlier Than Euro as Naira’s Street Value Sinks
The United States dollar is now stronger than the euro on the Nigerian parallel market as the naira extended its
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Israel Risks Moody’s Downgrade as War With Hamas Gets Messier
Moody’s Investors Service has placed the Government of Israel’s A1 long-term foreign-currency and local-currency issuer ratings on review for downgrade.
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Geregu Power’s Quarterly Profit Soars More Than Sevenfold
Geregu Power Plc, one of the electricity generation companies in Nigeria, reported a profit before tax of N5.86 billion for
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Moody’s Assigns First-time Caa1, Baa3.ng Ratings to Dangote Sugar Refinery
Moody’s Investors Service has assigned a first-time Caa1 corporate family rating, and Baa3.ng national scale rating corporate family rating to
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Nigeria’s inflation jumps to 26.72% in September
The inflation rate in Nigeria quickened to 26.72 percent in September from 25.80 percent in the previous month, according to
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Afreximbank, Morocco Sign Deal to Promote $1bn Trade, Investment
African Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MoU) with the Government of Morocco, represented by the
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USADF Boss Visits Nigeria to Engage Grantees, Govt Officials
The President/CEO of the U.S. African Development Foundation (USADF), Travis Adkins, will visit Nigeria this week. His visit follows the
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Nigerian Crude Oil Gets Costlier on Strong Buying Interest
The prices at which Nigeria’s key crude oil grades were sold increased last month on the back of strong buying
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Tinubu’s ‘Heavy Baggage’ Weighing on Investor Risk Appetite – FDC
President Bola Tinubu’s heavy baggage is weighing on business confidence and investor risk appetite, analysts at the Financial Derivatives Company
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Twofold Rise in FX Market Turnover Fails to Lift Naira
The turnover in the official foreign exchange market more than doubled this week, reflecting increased dollar supply, but the naira
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