News zum Sektor Finanzen aus Nigeria

 

Nigerian insurance stocks had their biggest weekly gain in almost two decades after a new law was passed requiring companies to raise fresh capital and making insurance for property and other assets mandatory....

Nigeria's central bank said about a third of lenders have met its new capital requirements threshold ahead of a March deadline....

A week after tycoons Foluke Oyeleye and Ayoola Otudeko sold their stake in the owner of Nigeria's oldest bank the identity of the new investor is still under wraps, spurring queries by the market regulator and investors....

The Central Bank of Nigeria has given lenders until the end of the week to submit plans to address capital shortfalls and ended waivers on troubled loans introduced during the pandemic, as it moves to strengthen the banking sector's resilience....

Guaranty Trust Holding Co., the parent company of Nigeria's biggest lender by market value, will list in the UK after raising $100 million in a share sale, it said in a regulatory filing...

MSCI Inc. said it needs more time to assess the impact of foreign exchange reforms in Nigeria, suggesting the global index provider is not yet ready to restore the West African's country's frontier-market status....

Bank of New York Mellon Corp. will sell global depositary notes backed by local-currency Nigerian sovereign debt, offering investors access to the high yields offered by Africa's most populous economy....

Lagos-based fintech startup Fincra has secured approval from the Bank of Tanzania to operate as a licensed payment service provider in the country. ......

Barclays is recommending investors shift away from Nigeria's longer-dated dollar bonds, noting that yields in the mid-section of the curve now look more attractive....

Aminu Umar-Sadiq, Nigeria Sovereign Investment Authority MD & CEO said "the US is the US" when speaking to BTV's Joumanna Bercetche and Jennifer Zabasajja at the Qatar Economic Forum in Doha. When asked about the fund's future, he explained how for their long portfolio they have pivoted away from the US to Japan, Australia, and Europe for the purposes of diversification, insisting there were no "political considerations" during their decision. (Source: Bloomberg)...

Nigeria's annual inflation rate climbed to a near 29-year high in December, before an overhaul of the data later this month that may lower the gauge. Deutsche Bank Chief SA & Sub-Saharan Africa Economist Danelee Masia told Bloomberg's Chief Africa correspondent Jennifer Zabasajja on Horizons Middle East and Africa about the effect of the Trump reelection will have on Nigeria's economy. (Source: Bloomberg)...

Nigeria has secured a $254.76mn loan from the China Development Bank (CDB) to fund the Kano-Kaduna railway project, a critical segment of the ......

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UPDATE 1-Nigeria's dollar bonds rally after new international issuance Adds details, market comment NAIROBI, Dec 3 (Reuters) - Nigeria's dollar bonds rallied on Tuesday, Tradeweb data showed, a day after the country completed its first international bond sale in nearly three years. The country's bond maturing in 2051 XS2384704800=TE gained the most, adding 1 cent to be bid at 79.68 cents on the dollar by 1220 GMT....

Nigeria's dollar bonds rally after new international issuance NAIROBI, Dec 3 (Reuters) - Nigeria's dollar bonds rallied on Tuesday, Tradeweb data showed, a day after the country issued its first Eurobond in nearly three years. The 2051 maturity XS2384704800=TE gained the most, adding 1 cent to bid at 79.68 cents on the dollar by 1220 GMT. Bonds for most other African sovereigns were trading flat, according to Tradeweb data....

Nigeria taps international bond market for first time since 2022 NAIROBI, Dec 2 (Reuters) - Nigeria launched its first international bond sale in nearly three years on Monday in a bid to raise a total of $2.2 billion across two maturities, according to IFR. International bookrunners for the 6.5-year and 10-year bond launch are Citi, Goldman Sachs, JPMorgan and Standard Chartered, while Chapel Hill Denham is taking the lead on the domestic side, according to an investor presentation....

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Standard Bank plans to increase stakes in Nigeria and Angola businesses...

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