Nigeria seen moving to reschedule debt, secure IMF support
With the Nigerian economy grappling with “excruciating debt service”, the country will make moves to reschedule its external debt and
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VFD Group’s listing adds N45bn to Nigeria’s stock market
VFD Group Plc, a proprietary investment company, has listed on the Main Board of Nigerian Exchange Limited (NGX). The listing
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Nigeria infrastructure fund woos stock investors with quarterly dividends
The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIDF), has been
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Moody’s downgrade puts Egypt on par with Nigeria
Moody’s Investors Service has cut the long-term foreign and local currency issuer ratings of the Government of Egypt to Caa1
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Eight fintechs jostle for Ecobank’s $50,000 cash award
Eight fintechs are vying for Ecobank’s $50,000 prize, which the pan-African banking group described as “the largest no-strings-attached fintech cash
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Strike averted as FG, labour reach 15 agreements
Arising from the withdrawal of subsidy on Premium Motor Spirit (PMS) by the Federal Government and the resultant increase in
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FG waives diesel import tax as prices top N1,000/litre
The Federal Government has said it will waive for the next six months the Value Added Tax recently introduced on
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Price war with Dangote looms as BUA Cement announces 36% cut
BUA Cement announced a reduction of its ex-factory cement price to N3,500/bag effective October 2, 2023, down from N5,000-N5,500, raising
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British oil firm swings to profit as Nigerian output rises
Savannah Energy Plc, a British independent energy company, swing to profit in the first half of the year as it
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FX futures markets sit idle amid naira freefall
With the naira’s depreciation showing no signs of abating amid the scarcity of dollars in Nigeria, the foreign exchange futures
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