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Non-deliverable Forwards Signal Naira Devaluation Due in 2023

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Another Naira devaluation is due in 2023 according to signals from the Naira FX Futures market to allow the exchange rate to reflect current...
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5 Stocks With High ROE to Buy as CBN Aims to Curb Inflation

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Since the first quarter of 2022, inflation has been undermining the global economy, forcing central bankers to abruptly embark on aggressive rate hikes that expose...
Economy

Nigeria to See Gradual Oil Recovery, Stunted Non-Oil Prospect in 2023

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Nigeria is expected to see a gradual recovery in its oil and gas sector in 2023, even as prospects for its much larger non-oil...
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Man United, Tottenham, Liverpool Takeover Targets for Qatar Fund – Bloomberg

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English Premier League clubs Manchester United Plc (MANU.N), Tottenham Hotspur, or Liverpool FC are being targeted by Qatar Sports Investments over a potential acquisition, Bloomberg...
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Yields on Treasury Bills, Bonds to Remain Volatile in 2023

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The Nigerian treasury and bond yields are expected to continue to rise this year on the back of central bank hawkish stance, direction of...
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Raymond Dokpesi Allegedly Arrested in London by UK Police

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The founder of DAAR Communications Limited, Chief Raymond Dokpesi has been allegedly arrested by the Police in the United Kingdom. A source who confirmed the...
Economy

Banks Only Authorised to Dispense New Naira Notes via ATMs, CBN Clarifies

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The Central Bank of Nigeria (CBN), yesterday, clarified that for now, banks were only authorised to dispense the new N200, N500 and N1,000 Naira...
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Suspected Herdsmen Attack Train Station, Kidnap Passengers in Edo

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The Edo State Police Command last night announced that an unspecified number of travelers waiting to board a train from Igueben in Igueben Local...
Economy

Consumer Goods Inventory Pile up Prompts Profit Warning

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Fast Moving Consumer Goods (FMCG) firms who stocked up raw material inventories aimed at hedging against foreign exchange scarcity are shooting themselves in the...
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Wema, Fidelity, FCMB Were the Top-Performing Bank Stocks in 2022

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Investors that bought small capitalized bank stocks in 2022, such as Fidelity, FCMB, and Wema Bank, made a ton of money, while bigger names...
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