Month: February 2019
Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari, won a second term at the helm of Africa’s largest economy and top oil producer. The country’s longer-dated bonds were ...
Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump. U.S. West Texas ...
Africa’s biggest pay-TV group, MultiChoice, debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at 95.50 rand, giving the company a market capitalisation of 42 billion rand (3.03 billion dollars). South African e-commerce ...
China’s CDH Investments is aiming to raise nearly one billion dollar and yuan funds through its venture and growth capital arm to invest in sectors including healthcare and logistics, said people with direct knowledge of ...
Information Technology (IT) company, Cisco, has simplified IT solutions to enhance digitisation of Micro, Small and Medium Enterprises (MSMEs) Nigeria. The General Manager, Cisco Nigeria, Mr Olakunle Oloruntimehin, made this known during “Cisco Meraki Media ...
The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement ...
Shoprite Holdings, Africa’s largest supermarket group, says its first half-year earnings declined due to currency devaluation in Angola and supply constraints in its home market South Africa. Chief Executive Pieter Engelbrecht said on Tuesday in ...
Oil inched lower on Tuesday to extend losses of more than three per cent from the previous session, easing after U.S. President Donald Trump called on OPEC to rein in its efforts to boost prices. ...
Hyundai Mobis Co. Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth 2.6 trillion won (2.32 billion dollars) over the next three years. It also ...
An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan (1.5 billion dollar) in its first fund, aimed mainly at cutting-edge tech investments, said ...
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