Nigeria’s Sovereign Eurobonds Yield Soars By 12bps

Selloffs of US dollar assets brought on by risk-off emotions on the global market caused the benchmark yield on Nigeria's government Eurobonds to increase...

Treasury Bills Yield Hits 15.2% Ahead of Inflation

Because wealth managers, fixed interest securities dealers, and other authorized dealers sold off a portion of their naira holdings for cash, the average yield...

FG Plans to Borrow N2.5 Trillion Through Bonds – DMO

The Federal Government has disclosed its intention to raise N2.5 trillion in its upcoming auction of Federal Government of Nigeria (FGN) bonds, marking its...

FG Distributes 42,000MT of Grains, Ogun Begins N5bn Interventions

In response to the economic challenges facing Nigeria, the Federal Government announced on Wednesday its plan to distribute 42,000 metric tonnes of grains, approved...

FGN Bonds Yield Drops 5bps To 15.5%

The local bond market in Nigeria saw a rise in demand, pushing the yield curve. Trade activity on the FGN Bond secondary market was...

NGX Falls By N183bn As Buying Sentiment Fades

Tuesday saw a more than N183 billion drop in the market capitalization of the Nigerian Exchange (NGX) as stockbrokers and investors in stocks offloaded...

FX Gap Drops To N21 As Naira Regains Value

Following a significant decline at the start of the week, the pressure on the Naira eased somewhat in the official foreign exchange market due...

Farmers Advocate for Establishment of Food Banks Across Nigeria

The All Farmers Association of Nigeria (AFAN) is urging the Nigerian government to establish food banks in all six geopolitical zones to address the...

States Set to Receive N5.5 Trillion FAAC Allocations in 2024

State governments in Nigeria are poised to receive a substantial increase in statutory federal allocations, amounting to N5.54 trillion in 2024. This represents a...

FIRS Commits to Business-Friendly Tax Policies

The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to providing a conducive tax environment for businesses operating in Nigeria. During a recent meeting...

Naira Falls, Official Rate Passes Parallel Market by N46

The difference between supply and demand for foreign exchange caused the local currency to lose 4.2% of its value versus the US dollar, ending...

NGX Investors React, Access Holdings Loses 6.26%

The share price of Access Holdings decreased on Monday as a result of reactions from investors on the Nigerian Exchange Ltd. (NGX) stock market...

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