Editor
AfDB approves $50 million loan to boost food security in Yobe...
...Yobe State Government will contribute $4.52 million in counterpart funding, and project beneficiaries are contributing $16.82 million
TUE, MAR 26 2024-theGBJournal| The Board of Directors...
Markets Wrap| NGX All-Share Index down 0.2%, Naira recovers to N1,382.95/US$,...
...MTNN and FBNH down -1.7% and -3.4% respectively
...the NTB secondary market was bullish, as the average yield pared by 1bp to 17.7%.
TUE, MAR 26...
Nigeria’s Central Bank hikes interest rate by 200bps to 24.75%, its...
TUE, MAR 26 2024-theGBJournal| The Central Bank of Nigeria (CBN) raised monetary policy rates (MPR) by 200bps to 24.75% (Previously: 22.75%) at the end...
Egypt and the Big 5 dominate hotel development in Africa, says...
...The Big 5 global chains – Marriott International, Hilton, Accor, Radisson Hotel Group and IHG Hotels & Resorts – account for 66% of hotels...
Nigeria retains its position at the forefront as Venture Capital fundraising...
...In 2023, 136 such companies raised approximately US$485 million, accounting for 27% of the total number of unique companies backed by venture capital.
TUE, MAR...
Africa Finance Corporation raises US$1.16 billion syndicated loan, its largest ever,...
TUE, MAR 26 2024-theGBJournal|Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt...
Big Picture| More equities for pension funds?
...During these four months pension funds increased their total assets by 12.6% to N19.5 trillion (US$13.5bn at the NAFEM rate last Friday)
TUE, MAR 26...
Latest AVCA report reveals sub-regions, countries, and sectors that have cemented...
...Africa attracted a combined US$4.5 billion in venture capital and venture debt investment in 2023, across 603 deals.
...West Africa maintained the top spot for...
Markets Wrap| T-bills yield settles 3bps lower at 17.7% as Bonds...
MON, MAR 25 2024-theGBJournal| The Fixed income market finished Monday with contrasting sentiments with bears feasting on the bonds market just as Treasury bills...
NGX benchmark index retreats as Naira firms by 1.7% to N1,408.04/US$
MON, MAR 25 2024-theGBJournal|The Nigerian equities market opened the week’s trading on a bearish note as profit-taking activities in DANGSUGAR (-10.0%) and TRANSCORP (-8.4%)...
