First Abu Dhabi Bank may Increase its $35 billion Offer for StanChart – Bloomberg.
First Abu Dhabi Bank (FAB.AD) (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered (STAN.L), once…
Category: Market
Nigerian Bonds Decrease Ahead of the S&P Credit Rating Review.
Following the West African oil producer’s downgrading by another rating agency, Moody’s, a week earlier, Nigeria’s dollar-denominated government bonds declined…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1 Billion.
Asset management Stanlib’s Infrastructure Fund II, which invests in infrastructure projects including renewable energy, transportation infrastructure, and logistics, is acquiring…
In 2022, Migrant Workers Sent about $800 billion Home.
People in low and middle income countries depend on migrant workers money sent home, which is expected to have increased…
Addax’s Property Is Acquired By NNPCL.
After fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have amicably terminated their 24-Year Production Sharing…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, “Nigeria’s sovereign-risk premium jumped the most in three months after Moody’s Investors Service downgraded the country…
Central Bank of Nigeria Recovers N1.9 trillion Following Naira Redesign.
The United Nations has said the Nigerian economy will grow to three percent in 2023 because of robust commodities trade…
India’s Adani Dollar Bonds Hit Lowest Since November.
Dollar bonds issued by subsidiaries of the Indian conglomerate Adani Group fell after a scathing report by a U.S. short seller…
Stock Investors Lose N24 billion as Lending Rates Rise.
The Nigerian stock market reacted sharply to the interest rate hike, with market capitalisation rapidly falling in comparison to the…
Bearish Trading Closes with N47 billion Loss In the Stock Market.
Due to profit-taking actions by Dangote Cement Plc and 20 other companies, the Nigerian stock market ended down by N47…
15% of Developing Nations have Debt Problems, According to the IMF.
According to the International Monetary Fund, 15% of low-income countries are already experiencing debt distress. According to Nairametrics, the IMF…
European Shares Decline as China Data Renews Economic Concerns.
Following China’s announcement of its weakest annual economic growth in nearly 50 years, which increased investors’ concerns about an economic…
China’s 2022 Economic Growth One of the Worst on Record.
As a result of severe COVID restrictions and a downturn in the real estate market in the fourth quarter of…
Inflation Rate in Nigeria Drops for the First Time in 11 Months.
The inflation rate in Nigeria decreased to 21.34 percent for the first time in 11 months. Up until November 2022,…
Wells Fargo Predicts that Inflation will Decline to 2.2% by Year’s End.
According to a note from Wells Fargo, inflation is anticipated to continue to ease and could drop by an astounding…
The World Bank Lowers its Forecast for Nigeria’s Economic growth.
The World Bank Group has once more revised downward its estimate of Nigeria’s economic growth, primarily due to a weakened…
Kenya: The Majority of NSE Companies do not Pay Dividends.
In the most recent financial year cycle, almost half of the Nairobi Securities Exchange (NSE) listed companies did not pay…
Following a Fed Inflation Nudge, Global Shares Decline.
The first decline in global shares in three days occurred as a result of remarks made by two Federal Reserve…
Plension Capital Firm Launches and Discloses First Transaction.
Plesion Capital announced its establishment as a social impact venture capital company dedicated to collaborating with entrepreneurs and businesses with…
Inflation in the Euro Zone Drops To 9.2% as Energy Prices Stabilize.
The European Central Bank is not expected to change its stance in response to the euro zone’s inflation declining for…
In 2022 Stock Market Capitalization Increased by N5.6 trillion.
Between the opening of the market on January 4, 2022, and the conclusion of business on December 30, 2022, investors…
DMO Announces 2023’s Initial Offering of FGN Savings Bonds.
The first bond issuance for 2023 has been announced by the Debt Management Office (DMO): two Federal Government of Nigeria…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This information was…
UK’s FTSE 100 Slips in Last Trading Session of 2022.
Despite being one of the few bright spots in a year marred by economic concerns and political unrest, the blue-chip…
US President Biden Signs $1.66 trillion FY 2023 Government Funding Bill.
President Joe Biden completed what he called “a year of historic success” by signing a $1.7 trillion federal budget measure…
The UK Economy Slumped more than Initially Estimated.
According to the Office for National Statistics (ONS), business investment performed worse than anticipated, causing the economy to contract by…
Kenya: Major Income Losses Affect 50% of Border Populations.
The ability of more than half of those residing near the Kenyan border and in other African countries to meet…
Kenya’s Producer Inflation Hits Highest Points Since 2019.
The Producer Price Index (PPI), which measures the cost of manufacturing, reached 16.53 percent in June before falling to 15.…
Ghana’s Economy Grows Slowly in the Third Quarter.
According to preliminary data from the Ghana Statistical Service (GSS), the economy grew 2. 9% less slowly between July and…
Kenya: Treasury Announces a New Plan for Sh110 billion in Syndicated Loans.
According to an International Monetary Fund (IMF) report, Kenya will take out syndicated loans totalling Sh110. 7 billion by the…