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The Debt Management Office (DMO) says Nigeria has raised $4 billion via Eurobonds, describing the feat as “one of the biggest financial trade to come out of Africa in 2021." According to the DMO, the Order Book peaked at $12.2…

The International Monetary Fund (IMF) said its executive board met on Tuesday to discuss a report prepared for the World Bank alleging that IMF Managing Director, Kristalina Georgieva, pressured staff to alter data to favour China while…

Brent crude futures rose by nearly 1% to $75.07 a barrel on Wednesday after trading below $74 the day before, lifted by data showing US crude stocks dropped more than expected. API figures on Tuesday showed US oil inventories…

Equities trading on the Nigerian Exchange (NGX) resumed this week on a negative note, following selloffs in Tier-1 Banks, GUARANTY TRUST HOLDING COMPANY PLC (-2.5%) and ZENITH BANK PLC (-1.3%). Accordingly, the All-Share Index…

The Ethiopian Airlines,  Africa’s largest airline, has announced resumption of flights to Enugu Airport in South-east Nigeria from the 1st of October. This is coming after 2 years of flight suspension, following airport renovations.…

Brent crude futures traded around $74.7 a barrel on Monday, extending losses from Friday, amid signs of more supply entering the market as US production continues to slowly recover from the damage caused by Hurricane Ida in August.…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously voted to retain the Monetary Policy Rate (MPR) at 11.5 percent. At its 281st meeting, which lasted from16-17 September, 2021, the MPC…

The African Development Bank's (AfDB) Sustainable Energy Fund for Africa (SEFA) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO), the first initiative of its kind in East…

Trading activities on the Nigerian Exchange (NGX) equities market bounced back from the negative territory on Friday to end the week with gains as the market capitalization rose by N17 billion to close at N20,290 trillion. The…

Equities trading on the Nigerian Exchange (NGX) ended in the negative territory on Thursday as the benchmark index depreciated by 0.15% to close at 38,911.31 points, a difference of 57.03 points from 38,968.34 points recorded on Wednesday.…