Shareholders of Afriland Properties Plc. have unanimously endorsed a total dividend of N343.5 million for the financial year ended Dec. 31, 2023...
@AfrilandPlc
Heirs Technologies Limited has announced the appointment of Obong Idiong as its Chief Executive Officer. The company said Idiong brings considerable experience in the technology sector...
@HeirsTechnology
@Heirs_Holdings
@BONGI09
In a testament to its rapid growth and strong financial performance for the 2023 financial year, Nigeria’s fastest-growing commercial bank, PremiumTrust Bank, recently held its inaugural Annual General Meeting (AGM) in Lagos.
@thepremiumtrust
Afrinvest , a leading investment banking firm has said sell offs pushed average yield up to 3.5% last week, as N495 billion inflow is expected into the system this week.
@Afrinvest
#investors
#treasurybills
@cenbank
Africa Finance Corporation (AFC) has appointed Banji Fehintola as its new Executive Director of Financial Services, effective August 1.
@africa_finance
Flutterwave has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana, according to a statement.
@theflutterwave
The Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair...
@africa_finance
@ecobank_nigeria
@SotoTgca
#ArtFair
Japanese Yen sink near ¥156.00 to US dollar on Monday amidst expectation of another round of intervention. Bank of Japan sold $60 billion to boost the exchange rate value of Yen in the global currency market....
#Yen
#USDollar
#currencymarket
#FX
The African Union Commission (AUC) and Europe’s meteorological satellite agency, EUMETSAT, have signed an agreement to further strengthen cooperation on Earth observation...
#AUC
@eumetsat
The Greee Climate Fund has approved 151 million dollars in financing for a major resilience programme supported by the African Development Bank (AfDB).
@AfDB_Group
#climatechange
The Transmission Company of Nigeria (TCN), says its contractors are working tirelessly to erect four new transmission towers along the Jos-Gombe axis...
@Oluwatuyi025
#NorthEast
Bloodbath! Cryptocurrencies are trading negative...could mean new entry points for new investors. You can as well reduce your loss by buying more. The most volatile investment window for anyone
#crypo
#spoiler
#Bears
on rampage
#BTCUSD
to retest $70k
#traders
anthem
US dollar keeps its global position against its rival peers in the global currency markets. US Fed has continue to keep market guessing about when next rate cut would happen...
#USDollar
#Forex
#currencymarket
Inflation rate 15.75%
Yield on T-Bill 0.47%
Benchmark Interest Rate 11.5%
Long-dated Bonds rate <9%
Unemployment Rate -27.1%
FX (USD) at Non-deliverable forward rate (N470)
Population 200 million +
Total Public debt NGN32.22 trillion
GDP < US$400 billion
The Nigerian naira lost shine in the foreign currency markets as exchange rates worsened beyond analysts’ anticipation. According to currency movement data from FMDQ...
#Naira
@cenbank
#FX
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, will announce 1,200 African entrepreneurs across 54 African...
@TonyElumeluFDN
#TEF
#AfricanEntrepreneurs
Fitch Ratings has revised its outlook on the long-term issuer default ratings (IDRs) or creditworthiness of five Nigerian banks and one bank holding company to positive from stable...
@FirstBankngr
#FBNHoldings
#Banks
Owners or shareholders of Guaranty Trust Holding Company (GTCO) Plc on at the third Annual General Meeting approved the company’s plan to establish a capital raising programme of $750 million...
@gtbank
#CapitalRaising
The Federal Government on Friday signed a Memorandum of Understanding (MoU) with the Maritime Workers Union of Nigeria (MWUN) after two decades of conflicts amid negotiations for minimum conditions of service...
#fgn
#martimeworkers
@OfficialMWUN
The National Oil Spillage Detection and Response Agency (NOSDRA), says plans are underway to enhance its operational effectiveness and enhance its internally generated revenue.
@NOSDRANIGERIA
The Senate has confirmed the appointment of Gbenga Alade as managing director and chief executive officer of Asset Management Company of Nigeria...
@NGRSenate
@AmconNg
Iraq requested the termination of the United Nations Assistance Mission for Iraq (UNAMI) operations by the end of 2025, the Iraqi government said...
#Iraq
#UNAMI
Unemployment rates have been edging upward in the past six months in a number of large developed economies, as highlighted in Fitch Ratings’ latest ‘20/20 Vision’ chart pack.
A group of Japanese companies — DOCOMO, NTT, NEC and Fujitsu have unveiled one of the world’s first high-speed 6G wireless devices. The device can transmit data at 100 gigabits per second (Gbps), at distances up to 330 feet (100 meters)...
@docomo
#6g
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint venture (JV) have donated N53 million to some NGOs in Nigeria...
@nnpclimited
#NGOempowerment
#UK
Regulator Fines
@gtbank
GBP7.6mn (which is more than
#5bn
depending on
#fx
rate use) for weak money-laundering controls after several warnings.
This, I think is material to the holdco profitability after tax and cash flow position at the group level -
Four and a half years after COVID-19’s arrival, the worst of the pandemic-related economic distortions are fading. Inflation has declined significantly.
#US
Tantalizer is now 46 kobo after investors repriced the quick service restaurant by about 28% last week. At the close of trading session on Friday, the the stock market value of the company rose...
@tantalizersng
#equityinvestors
Researchers have eliminated HIV from cells in a laboratory, raising hopes of a cure. Using a gene-editing tool known as Crispr-Cas, which won the Nobel Prize in 2020...
#HIV
#CrisprCas
#Health
Dr Tope Fasua, Special Adviser to the President on Economic Matters, Office of the Vice President, says the country’s annual budget is one of the lowest when compared the other countries...
@topefasua
#NigerianBudget
The United Bank for Africa (UBA) Plc shareholders have unanimously approved the bank’s capital raise drive to meet the new Central Bank of Nigeria’s (CBN) capital base...
@UBAGroup
#Recapitalisation
#capitalraise
#Banking
The outlook for the pound sterling is likely to be defined by the next wage and inflation figures released in the UK, which are of heightened importance after last Thursday’s Bank of England..
@GoldmanSachs
#UK
Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has said that no directive was issued to the Nigerian National Petroleum Company Limited (NNPC Ltd.) to increase petroleum prices to N1,000
#NNPC
#petrolprice
The Nigerian National Petroleum Company Limited (NNPC Ltd), says the country’s gas sector is now well-positioned to help businesses in the country generate more revenue...
@nnpclimited
Shareholders of Africa’s Global Bank, United Bank for Africa (UBA) Plc, have praised the board, management and staff of the Bank on the impressive performance recorded over the past years and especially in 2023...
@UBAGroup
Deposit money banks (DMBs) borrowed N8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) as the need for funding became necessary for lenders...
#Banks
@cenbank
#LiquidityBoost
NNPC Exploration and Production Limited which is NNPC Limited flagship upstream subsidiary, and Natural Oilfield Services limited (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd....
@nnpclimited
@SEEPCO1
#oilproduction