Category: nairalaw.com

Nigeria’s Sovereign Eurobond Yield Dips Below 10% Due to strong buying interest, Nigeria’s sovereign Eurobond yield has dipped below 10%, according to an investment firm’s report on US dollar bonds…

Benchmark Yield Shrinks as Bonds Market Rallies The average yield on Federal Government of Nigeria (FGN) bonds shrank in the secondary market as asset, fund managers ramped up the borrowing…

Naira Rises by 19% as Forex Market Pressures Ease The Nigerian naira has continued to reclaim lost value in the foreign exchange (forex) market, settling at about N875 per United…

Egyptian Pound Hits Bottom Amidst FX Pressure The Egyptian pound remained at historically low levels, trading around 30.9 per dollar, amidst growing speculation of potential further devaluation, a move that…

Equities Market Cap Jumps by N313bn to N45.20Trn Equities market capitalisation inched higher by more than N313 billion on Thursday to N45.2 trillion after large daily gains recorded by investors…

Alleged $6bn Fraud: Court Admits Ex-minister Olu Aguloye to N50m Bail Justice Jude Onwuegbuzie of a Federal Capital Territory High Court on Thursday admitted former Minister of Power and Steel,…

Nigerian Farmers Cannot Meet Local Rice Demands–Traders Some rice traders in Lagos have lamented the inability of local rice farmers to meet the growing demand of the produce. The traders…

Forum Decries Alleged N585m Scandal at Ministry of Humanitarian Affairs The National Youth Leaders Forum of Political Parties in Nigeria (NYLFPPN) has decried the alleged N585 million scandal in the…

FG, Saudi Arabia Collaborate to Develop Mining Sector The Federal Government of Nigeria and the Kingdom of Saudi Arabia would be collaborating to enhance the development of solid minerals in…

Chevron Nigeria Names Jim Swartz Managing Director Chevron Nigeria Limited has appointed Jim Swartz as the new Chairman and Managing Director. In a statement by the firm’s General Manager, Policy,…