The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) will likely further raise the benchmark interest rate Monetary Policy Rate (MPR) by 50bps to 14.5 per cent at its next meeting in September, analysts at Financial Derivatives Company (FDC) Limited, have said. After holding the MPR constant at 11.5 per cent for about two […]
Leading integrated payments and digital commerce company, Interswitch, has unveiled its easy-to-integrate Application Programmable Interfaces (API) platform for developers creating digital products and solutions for Africans. The unveiling, which held in Lagos, on Thursday, featured a session where developers were intimated with the benefits of integrating Interswitch APIs on their products. According to Interswitch, […]
America’s largest organization of journalists and media professionals of color has named the African Development Bank (AfDB) a “Salute to Excellence” award winner for the Bank’s communication around its Technologies for African Agricultural Transformation (TAAT) programme. According to a press release, the National Association of Black Journalists cited the Bank’s excellence in online media […]
Investors have been pouring money into high-yield bonds, which typically pay more interest for taking on greater risk. But these investments are also known as “junk bonds,” and financial experts urge caution before piling in. After a rocky start to 2022, U.S. high-yield bond funds received an estimated $6.8 billion in net money in […]
The Nigerian Exchange Limited (NGX) All- Share Index and Market Capitalisation depreciated by 2.09 per cent to close the week at 49,664.07 and N26.787 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Insurance, NGX Consumer Goods and NGX Growth Indices, which appreciated by 6.00 per cent, 3.00 per cent […]
AXA Mansard Insurance Plc, a member of the AXA Group and a global leader in insurance and asset management, has recorded a Gross Written Premium of N44.97 billion, up 21 per cent from N37.18 billion in June 2021. According to the company, the Net Premium Income of N22.75 billion, up 31 per cent from […]
Coca-Cola Nigeria says it has kicked off a consumer- reward campaign for football lovers. The promo tagged ‘Coca- Cola Believe and Win Under the Crown Promo’, with prizes worth over N400 million, five consumers across the country will get to experience the 2022 FIFA World Cup in Qatar with an all-expense paid trip to Qatar […]
Sampson Oloche, Head, Premium, Sessionable, Portfolio, Nigerian Breweries, in this chat with journalists, speaks on several issues, including the fact that unique brand building strategies and unbeatable records of innovative ideation are the secrets behind the phenomenon growth of the brand, Heineken. SUNDAY OJEME reports As a centenarian brand with presence in […]
Even though market pressure has recently continued to impact negatively on a number of stocks including those of banks, some of the lenders, including United Bank for Africa have remained resilient. RHODA OGUNSEYE writes The persistent bearishrun being witnessed in most stocks listed on the Nigerian Exchange Limited (NGX) has seen some shares dropping […]
Statistics by the Nigerian Ports Authority (NPA) and National Bureau of Statistics (NBS) have revealed that the inflows of palm oil imports through the seaports have reached N61.9 billion ($95.2 million). The imports declined 49.1 per cent from $186.7 million in 2021 in the same period due to forex restriction by the Central Bank […]