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Thursday, May 26, 2022
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CATEGORY

Markets

Dangote Fertiliser Revenues Hit N30bn as 55% of Output Exported in 2021

Dangote Fertiliser generated N30 billion in revenues and contributed 2.3% to Dangote Group’s revenue (as of 30 September 2021), as the first line of...

NNPC, Sahara Group Invests USD300m in Gas Carriers to Drive Clean Energy Access in Africa

The Nigerian National Petroleum Company Limited (NNPC) and energy infrastructure conglomerate, Sahara Group today took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG)...

Nigeria SWF Underperforms Global Peers as Total Income Down 8% in 2021

Nigeria’s sovereign wealth fund (SWF) under performed global peers in 2021 as its total comprehensive income fell by 8% to N146.9 billion, despite it...

Biden Says Would be Willing to Use Force to Defend Taiwan

US President Joe Biden said on Monday he would be willing to use force to defend Taiwan, rallying support on his first trip to...

Turkey’s Chief Statistician Quits For “Health Reasons” After Inflation Hits 70%

On Friday, the Turkish Statistical Institute said Cem Bas resigned as head of the department of price statistics for "health reasons." Furkan Metin, who previously oversaw the...

Leadway Assurance Reports Rise in Premiums as Underwriting Results Improve

Leadway Assurance Company Limited, the largest insurer by total asset in Africa’s most populous nation, has reported a rise in premium written (GPW) for...

Tier 1 Banks’ Income From Treasury Bills Hit N233.15 bn in Q1

The top 5 largest banks in Africa’s largest economy are gradually enjoying juicy yields as income from treasury bills, government bonds and others grew...

Nigerian Companies Borrowing Costs Fall Ahead of MPC Meeting

Nigerian companies’ balance sheets are looking better, which validates their abilities to pay interest on debts even as market participants expect the central bank...

Iran Revolutionary Guards Corps Officer Killed in Tehran

A member of the Islamic Revolutionary Guards Corps' Quds Force involved in planning attacks on Jews and Israelis worldwide, Colonel Hassan Sayad Khodayari, was assassinated in...

Inflation Imperils Boris Johnson’s Grip on Power in UK

A new poll suggests UK Prime Minister Boris Johnson is likely headed for defeat in the country’s next election unless he can begin to...

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