May 7, 2025/InvestmentOne Report In April 2025, the financial system was characterized by substantial liquidity as the Open Buy Back and Overnight lending rates averaged 26.81% and 27.23%, compared to 30.17% and 30.63% respectively in the previous month. We note that this was buoyed by inflows from OMO maturities of […]
Updates
Yuan Soars to Six-Week Peak as Hopes Rise for US-China Trade Reconciliation
By InvestAdvocate Lagos (INVESTADVOCATE)-China’s yuan also known as renminbi surged to a six-week high on Tuesday, driven by rising optimism for easing tensions between Beijing and Washington could steer the world’s two largest economies away from a protracted trade standoff. Onshore trading resumed after the Labour Day holiday with the […]
Dangote Packaging Increases Output, Eyes African Export Boom
May 6, 2025/Dangote Group Dangote Packaging Limited (DPL) has announced plans to expand into the African export market, following a production capacity boost facilitated by new machinery being commissioned in the two manufacturing plants. Chairman of DPL’s Board of Directors, Mr Robert Ade-Odiachi, disclosed the development during a strategic […]
