Betting Sponsorship in Sports
Businessam Staff
February 14, 2022
Times have changed, money has become more and more important. Some sponsors completely dropped their associations with specific sports or events due to the competition for money. Others, on the contrary, have decided to take advantage of new betting sources by partnering up with bookmakers that offer profitable deals. For all this, we can be […]
Nova MB says N50bn CP listing will aid quest to change Africa’s financial sector
Charles AbuedeFebruary 10, 2022
Listing on FMDQ follows N10bn bond in 2021 After the successful listing of its N10 billion bonds, which recorded 300 percent oversubscription on the FMDQ Exchange in 2021, Nova Merchant Bank has announced the successful listing of its N50 billion commercial paper on the FMDQ OTC Exchange after due diligence by the Board […]
Tepid bonds, icy OMO, T-bills, in prep for next PMA
Chris IkosaFebruary 8, 2022
Naira seen calm, away from market distortions, pressures Week’s snapshot in fixed income market It was a tepid week of trading across the fixed income market, with the bulls coming out tops to close out the week. Persistent interest at the short end of the market remained a driver of activity in the bonds […]
2021 equities scorecard: Not good for FPI flows, down 12.4% to N1.89trn on Covid-19
Charles AbuedeFebruary 7, 2022
Domestic investors still major players with N1.46trn of total FPI in 2021 A Nigerian Exchange Limited (NGX) pooled data on foreign portfolio investments into Nigeria through equities trading has shown a decline of 12.4 percent year on year to N1.89 trillion in 2021, from N2.16 trillion it recorded in 2020. The value recorded […]
CBN says banking sector’s NPLs moderate to 4.85%, first time in years
Charles AbuedeFebruary 1, 2022
For the first time in a long time, the Nigerian banking sector’s non-performing loans (NPLs) ratio moderated below the five percent prudential threshold to 4.85 percent as of December 30, 2021, from the initially reported numbers above 5 percent (5.1 percent). This shows efforts of the banking institutions and the apex bank in restructuring the […]
Emefiele outlines CBN disbursement of N927bn interventions in 1yr
Charles AbuedeFebruary 1, 2022
The Central Bank of Nigeria (CBN) said it paid out a total of N927.94 billion to more than 4.5 million smallholder farmers cultivating 21 commodities across the country in a space of 12 months, while the sum of N75.99 billion was disbursed by the bank also to support the cultivation of over 383,000 hectares of […]
Nigeria’s MPC disappoints analysts, investors, keeps policy rates constant
Chris IkosaJanuary 26, 2022
The broad expectation of financial and economic analysts and experts that Nigeria’s central bank will tweak rates in its first meeting in the new year on the back of an upswing in inflation in December the Monetary Policy Committee, unsurprisingly on Tuesday left all monetary policy parameters unchanged for another time by unanimous vote at […]
T-bills, OMO rebound on N239.3bn liquidity boost as bond yields fall
Charles AbuedeJanuary 26, 2022
Naira to trade calm barring market shocks after N0.50k gain on dollar Fixed-income analysts say they expect trading to kick off this week on a mixed note, as there are no catalysts to alter the usual sentiment in the market. In addition, the constrained level of system liquidity is expected to weigh on activities […]
Nigeria to benefit as oil seen rallying to $100
Phillip IsakpaJanuary 19, 2022
Nigeria could be in line for a windfall from a rally in oil prices this year if all the projections by analysts come to pass. It will be good for an economy that has been seriously squeezed by shortfalls in revenues since 2015 and hit by a double whammy recession, which it just barely managed […]
FirstBank sees oil recovery, e-Naira checking parallel market in 2022
Businessam StaffJanuary 19, 2022
Rewane, FDC CEO: Economy to be largely positive First Bank of Nigeria, the oldest banking institution in Africa’s largest economy and its most populous, is betting that recoveries in crude oil prices as well as maximisation of the country’s central bank digital currency, the e-Naira, could help keep the parallel currency market in check. […]