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IMF says dollar over-valued, Chinese yuan in line with fundamentals

24/7/2018/Reuters The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current account balances are now excessive, adding to growth risks and trade tensions. The IMF, in its annual External Sector Report, which assesses exchange […]

BUA Group Commissions Multi-Billion Naira Cement Factory in Sokoto Co-Funded by Fidelity Bank

July 23, 2018/Fidelity Bank Plc On Tuesday, July 17, 2018, the Vice President of Nigeria, Yemi Osinbajo commissioned the new BUA Cement Factory located on Kalambaina Road in Sokoto State. Co- funded by Fidelity Bank Plc, the project which commenced in 2015 has an installed capacity of 1.5 metric tonnes […]

FMDQ Admits N50.00 Billion Dangote Cement Commercial Paper

July 19, 2018/FMDQ Great news for the Nigerian debt markets as the establishment of a corporate benchmark for the short end of the debt curve looks set to becoming a possibility! In another note-worthy and commendable event in the FMDQ markets, the Dangote Group, known to be the largest indigenous […]