CATEGORY
Fixed Income & Bonds
Citigroup Says Nigeria to See Foreign Investment Flows From Naira Devaluation
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Nigeria could see greater foreign investment flows in the wake of sharp declines this year of its currency the Naira, according to Citigroup Inc.
“Countries...
CBN Running on Fumes as JPMorgan Estimates Net FX Reserves at Only $3.7bn
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It appears the Central Bank of Nigeria (CBN) financial accounts have opened a can of worms as a United States largest lender JP Morgan...
How Financial Repression is Squeezing Nigerian Savers and Investors
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Nigeria’s fixed income yields are trending lower, despite elevated inflation, which is leading to a widening of negative real returns and financial repression.
Financial repression...
Rivers State Government Awards N195bn Contract for Construction of Port Harcourt Ring Road to Julius Berger
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The country’s leading and most dependable engineering construction company, Julius Berger Nigeria Plc and the Rivers State Government have signed a contract for the...
Godwin Emefiele’s Mortal Mistakes That Ruined Nigeria’s Economy
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Unlike Dr. Death, Christopher Dunsch, a real-life Texas based surgeon who in 2017 killed nearly 40 patients he operated on between 2011 and 2013,...
Dangote Pays Back 70% of Loans Used to Construct Refinery
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The Dangote Group has paid back about 70% of the loans it took to construct its mega 650,000 bpd Refinery in Lagos.
This was disclosed...
Corporate Debt Pile of N4.91trn Now 2.4 percent of GDP
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While the Nigerian economy is growing slowly, corporate Nigeria is carrying trillions of Naira in debt in its book as interest expenses are spiking...
Femi Otedola Sells Transcorp Stake to Tony Elumelu in Corporate Truce
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Nigerian billionaire Femi Otedola has sold off his entire shares in Transcorp Plc to Tony Elumelu, the company’s chairman and largest shareholder, bringing about...
Corporates Hit by Soaring Inflation Amid N4.5trn Bond Boom
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…borrowing costs surge 43.32% in 2022
Corporate Nigeria is carrying trillions of Naira in debt on their books as an aggressive monetary policy by the...
Aliko Dangote to Pocket N292.12bn Dividend From Cement Business
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Africa’s richest man Aliko Dangote is going to pocket N292.12 billion in dividend from its cement business for 2022 financial year as the largest...