S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank (AfDB) with a stable outlook. The ratings agency said its outlook reflected the expectation that the AfDB would, over the next two years, “prudently…
The naira against the dollar appreciated by 0.03 per cent to close at N394 against the dollar at the Investors & Exporters Foreign Exchange on Monday. The naira closed up by 2.59per cent and 2.88 per cent against the euro…
The Debt Management Office (DMO) has offered for subscription two years and three years Federal Government Savings Bonds at N1,000 per unit. A circular on the official website of DMO states that the two years bond with Feb. 10, 2023…
Female entrepreneurs now have more reasons to smile and succeed with a discounted financing solution known as the “LSETF-W Initiative Loan” specially created by the Access Bank W Initiative program in partnership with the Lagos State Employee Trust Fund (LSETF)…
By Kayode Tokede The Central Bank of Nigeria (CBN) auctioned N413.41billion worth of Open Market Operation (OMO) in January 2021 compared to N1.54 trillion auctioned in January of 2020. Further findings by Nigerian NewsDirect revealed that, amid weak business activities…
By Kayode Tokede Across the foreign exchange market, the naira traded flat against the dollar at N394.13 at the Investors & Exporters Foreign Exchange (I&E FX) window in its week-on-week (wow) performance but weakened by 0.6per cent to N480.00 against…
By Kayode Tokede FBN Holdings Plc has announced the appointments of Mr Seni Adetu and Mrs Juliet Anammah as Independent Non-Executive Directors. The company also appointed Mr Otu Hughes as a Non-Executive Director. Dr Oba Otudeko, Group Chairman of FBN…
MoneyCentral Media Limited has launched its print publication in addition to its online news, analysis and data platform, www.moneycentral.com.ng. MoneyCentral focuses on the most authentic financial and business news, research and data analytics, as well as a forum with a…
By Kayode Tokede Fitch Ratings has assigned Ecobank Nigeria Limited (ENG) a Long-Term Issuer Default Rating (IDR) of ‘B-’ with a Stable Outlook, Viability Rating (VR) of ‘b-’ and National Long-Term Rating of ‘BBB (nga)’. The report, released Thursday, noted…
By Kayode Tokede Naira depreciated by 0.02 per cent to N394.33 against the dollar at the Investors & Exporters Foreign Exchange ( I & EFX) window on Thursday. The local currency closed down by 1.21per cent and 1.38 per cent…
