Updates

NTB Auction: Stop Rates on 364-Day Paper Moderates by 61Bps

November 25, 2021/United Capital Research Yesterday, the Central Bank of Nigeria (CBN) conducted an NTB Primary Market Auction (PMA), rolling over N118.7bn worth of bills. In line with the recent trend in the market, investors’ appetite for treasury paper remained strong, as the auction was oversubscribed by 3.5x. Stop rates […]

Wärtsilä Reaches 7GW Installed Power Capacity Milestone in Africa

November 25, 2021/Alesia Communications With over 600 power plants commissioned in 46 African countries, Wärtsilä confirms its position as a leading provider of power generation solutions in the continent  The technology group Wärtsilä first began its Africa operations in Tanzania back in 1975. Since then, the group has delivered more than 600 installations, […]

Loans: Ecobank warns Flour Mills against Honeywell deal

November 24, 2021/Punch Dayo Adenubi Ecobank Nigeria Limited has warned Flour Mills of Nigeria Plc against the proposed acquisition of equity stake in Honeywell Flour Mills Plc, alleging that Honeywell Group Limited, the parent firm, had not been paying up its loans from the bank. The PUNCH had on Tuesday […]