Shares of FBN Holdings Plc (First Holdco) have soared by more than 20 per cent in just two trading sessions, following heightened investor interest triggered by a landmark ₦323.33bn off-market transaction that reshaped the company’s ownership structure. The stock, which closed at ₦29.30 on Monday, July 14, rallied to […]
Category: Money Market
Money Market
Access Holdings Reaffirms Strategic Growth Plan from Expansion to Optimisation
Access Holdings PLC, the parent company of Access Bank, has reaffirmed its long-term strategic blueprint anchored on a deliberate and structured progression: scale, optimise, and sustain. This roadmap, which has driven the Group’s aggressive expansion across Africa and into key global markets, is now entering a crucial […]
Citi Q2 Earnings Top Estimates Amid Dealmaking Resurgence
Citigroup Inc. reported a sharp 25 per cent year-on-year increase in second-quarter earnings, beating analysts’ expectations as its trading desks capitalized on volatile markets and its investment banking unit benefited from a resurgence in dealmaking. The third-largest U.S. lender posted a net income of $4bn, or $1.96 per share, […]
Ecobank to Raise $250m in Tier 1 Capital via Private Placement
Ecobank Transnational Incorporated (ETI) has launched a private placement offering to raise up to US$250m in Additional Tier 1 (AT1) capital through contingent convertible notes. The transaction follows shareholder approval secured during an Extraordinary General Meeting (EGM) held on May 28, 2025, in Lomé, Togo. The offering window […]
UBA Mulls New Office In Saudi Arabia To Advance Global Expansion
United Bank for Africa (UBA) has reaffirmed its commitment to strategic global expansion with the announcement of a new office to be opened in Saudi Arabia, marking a significant milestone in its mission to connect Africa with key global markets. The development was confirmed during the Group’s […]
GTCO Lists 36.4 Billion Shares on LSE After $100m Equity Raise
Guaranty Trust Holding Company Plc (GTCO has officially listed its entire issued share capital—comprising 36,425,229,514 ordinary shares—on the main market of the London Stock Exchange (LSE) following the successful completion of a $100m equity offering. In a regulatory filing to the Nigerian Exchange Limited seen by THE WHISTLER, […]
Africa Tops BII’s Investment Portfolio With £1.09bn in 2024 ………UK Development Finance Institution Increases Africa Commitments by 40%
British International Investment (BII), the UK government’s development finance institution, has disclosed that it committed £1.09bn to African companies in 2024, marking a 40 per cent increase from the £725m invested in the region the previous year. The figure represents 62 per cent of BII’s total global […]
CBN PMI Report Flags Cost Strain Across Major Sectors …Says Agriculture Sector Bears Highest Cost Burden The Central Bank of Nigeria (CBN) has raised the alarm over mounting cost pressures across Nigeria’s productive sectors, warning that the persistent rise in input prices could trigger a fresh wave […]
Afreximbank Faces Second Downgrade in Four Weeks …As Moody Flags Funding Strain, Cites Lending Risks
The African Export-Import Bank (Afreximbank) has been dealt a fresh blow as Moody’s Investors Service issued a second credit downgrade in less than a month, citing deteriorating asset performance, increased exposure to distressed sovereign borrowers, and a narrowing pool of funding sources. The global ratings agency lowered […]
Group Seeks FX Transparency, Diaspora Fund Mobilisation
EnterpriseNGR, a leading private-sector advocacy group, has called on the Central Bank of Nigeria (CBN) to adopt more transparent foreign exchange (FX) policies and prioritise diaspora fund mobilisation as part of broader efforts to stabilise the naira and strengthen Nigeria’s macroeconomic resilience. The group made the call […]