FG’s $500m domestic bond believed to be 100% oversubscribed: Rewane
The federal government is believed to have secured $1 billion for the $500m dollar bond issued locally last month, the
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Money
Meet the people behind the consortium buying FBN Holdings’ merchant bank
FBN Holdings, the parent company of First Bank of Nigeria, has agreed to sell its 100% equity stake in FBNQuest
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Naira slides as weekly dollar liquidity extends decline
The naira closed weaker last week as dollar liquidity in the official market declined by 10.29 percent, according to data
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Naira will see bright days ahead, say FDC analysts
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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Dollar plunges after Fed chair’s remarks on rates
US Federal Reserve chief Jerome Powell yesterday declared ‘the time has come’ to cut interest rates adding to speculation they
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Bitcoin soars as Powell signals Fed set to cut rates
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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[BREAKING] Moody’s withdraws ratings of Nigerian lender Union Bank
Moody’s Ratings announced on Friday that it has withdrawn the ratings of Union Bank of Nigeria Plc due to insufficient
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Bitcoin surges as Fed rate cut expected in weeks
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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Africa’s richest man Dangote loses $1.1bn in one month
Aliko Dangote, the richest man in Africa, has lost 7.59 percent of his net worth in the past month, according
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Otedola backs windfall tax, says banks maintain private jets with $50m yearly
Femi Otedola, a billionaire businessman, has said Nigerian banks are spending an estimated $50 million on the maintenance of private
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