US Fed on course to cut rates September, minutes show
Federal Reserve officials last month were strongly leaning toward an interest rate cut at their September policy meeting and several
Read more
TOP STORIES
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
Read more
Africa’s high-yield bonds seen benefitting from US Fed rate cut
Investors are eyeing high-yield foreign currency bonds from Nigeria, Gabon, and Kenya ahead of an anticipated US Federal Reserve rate
Read more
Nigerian stocks post first net foreign inflows in four months
Foreign inflows into the Nigerian stock market surpassed outflows in July for the first time in four months, new official
Read more
Dangote refinery scales down US crude oil imports
Dangote refinery is taking more of the country’s own oil for processing, while inflows from the US appear to be
Read more
Nigeria jacks up passport fee by 43% amid ‘japa’ wave
The federal government has increased the cost of the nation’s passport by 42.8 percent as part of efforts to maintain
Read more
NESG wants issues behind cost-of-living crisis addressed
The Nigerian Economic Summit Group (NESG) has said the issues contributing to the cost-of-living crisis in the country must be
Read more
Nigeria offers $500m domestic dollar bond at 9.75%
The federal government has issued the series one of its first domestic dollar bond sale. “On behalf of the Nigerian
Read more
NNPC posts highest-ever annual profit of N3.3trn
The Nigerian National Petroleum Company Limited reported a net profit of N3.297 trillion for the financial year ended in December
Read more
Dangote decries lingering domestic crude supply issues
Dangote Industries Limited has said it is still unable to secure enough domestic crude supply for its 650,000-barrel-per-day refinery, urging
Read more