<< Back             Poser >> Investors channel most funds into 364-day government securities   Investors showed strong preference for the 364-day Treasury Bill at the latest government of Ghana securities auction, with bids reaching GH¢9.94 billion.   The one-year instrument accounted for nearly 70 per cent of the GH¢14.27 billion total bids submitted at the auction held on August 21, 2026.   The Bank of Ghana (BoG) auction results showed that the government accepted GH¢2.69 billion of the bids for the 364-day bill, the highest amount accepted among the three securities offered.   The 91-day Treasury Bill attracted bids of GH¢3.12 billion, of which GH¢2.40 billion was accepted, while the 182-day bill received GH¢1.20 billion in bids, with GH¢766.21 million accepted.   The auction, which covered the 91-day, 182-day and 364-day Treasury Bills, attracted total bids exceeding the government’s target of GH¢5.43 billion.   The weighted average interest rate for the 364-day bill stood at 11.59 per cent, compared with 7.08 per cent for the 182-day bill and 5.0795 per cent for the 91-day bill.   The results showed that investors committed the largest share of their bids to the longer-dated instrument, which offered the highest weighted average interest rate among the three tenors.   The Bank of Ghana has set a target of GH¢5.15 billion for the next Treasury Bills auction.   Source: GNA Ghana Business News	Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26 By Yinka Kolawole Nigeria’s merchandise trade surplus surged by 66.8 per cent quarter-on-quarter to N12.59 trillion in the second quarter of 2026, from N7.55 trillion recorded in Q1, as a sharp rise in exports widened the gap between the country’s earnings from exports and its import bill. In its foreign trade statistics report released yesterday, […] Maritime Reforms: Nigeria’s ports record 12.3% rise in cargo throughput By Emeka Anaeto The Nigerian Ports Authority (NPA), has reported significant growth in cargo throughput, vessel traffic, container movements, vehicle traffic among others in the second quarter of 2026, Q2’26, attributing the development to the various reforms the Federal Government introduced in the maritime sector. This was contained in the NPA Operational Performance Report for […] Foreign investors pull out N266bn from Nigeria in 3 yrs Foreign Portfolio Investment (FPI) net capital outflow from the Nigerian equities market widened by more than 1,073 per cent in three years, rising from N22.68 billion in the first seven months of 2023 to N266.07 billion by July 2026, as foreign investors took more money out of the market than they brought in. Nigeria’s reserves hit $54bn, highest in 18 years Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026. Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared with $53.99 billion on September 2 and $53.90 billion […] Dangote Petroleum Refinery set for landmark IPO following SEC approval … Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […] PremiumTrust Bank gets dual credit rating upgrades By Henry Obetta PremiumTrust Bank has received dual credit rating upgrades from Agusto& Co. and DataPro Limited, underscoring its financial strength, sound risk management and growth trajectory. Agusto upgraded the Bank’s long-term rating from BBB+ to A- and short-term rating from A2 to A1, while DataPro upgraded its long-term rating from A- to A and […]