About 756.769 million shares, valued at N13.653 billion, were traded in 18,248 deals within five days of January 23 to 27, 2023. A week before, N15.668...
The Central Bank of Nigeria (CBN) has extended the date for expiration of old Naira notes in the country to February 10, 2023. This is an...
Ten months after Flour Mills of Nigeria (FMN) acquired a majority stake in Honeywell Flour, the former is on the verge of losing some assets owned...
The Central Bank of Nigeria (CBN)’s cash swap programme with the Deposit Money Banks (DMBs) has suffered a setback due to scarcity of the new Naira...
The average retail price per litre of kerosine rose by 136.04 per cent year-on-year basis in Nigeria, the National Household Kerosene Price Watch report disclosed. According...
Domestic oil and gas company, Eterna Plc, recorded a decline in its foreign exchange forward contract, but managed to raise its total revenue for the year...
The Nigerian capital market rebounded from the previous day’s losses with a rise in equity capitalization by 0.29 percent at the close of trading on Thursday....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that dollar charges on foreign cards for domestic transactions conducted within Nigeria will...
The crash experienced by Bitcoin (BTC) seems to have encouraged Elon Musk’s Tesla to hold its BTCs, as the company didn’t sell the crypto-asset in its...
A new report by independent research firm, Finder, has predicted that Bitcoin (BTC) will hit an all-time high of $188,451 after investors suffered significant losses in...
Nigerian restaurant firm, Chicken Republic, has announced that the use of the old naira notes has been banned from its fast-food chains ahead of the deadline....
The value of investments in the Nigerian capital market depreciated by -0.02 percent due to the sell-off in Geregu and Thomas Wyatt, amongst others on Wednesday....
In the era of global historical inflation, investors are seeking assets that could act as a store of value but wouldn’t cost them a arm and...
The management of First City Monument Bank (FCMB) Group is looking to increase the company’s liquidity to finance operation. FCMB has received approval from the capital...
Investors in the Nigerian capital market with Nigerian Breweries, Caverton and other entities’ shares lost N24.58 billion following the dip in equity capitalization by 0.08 percent...
Unilever lost 64.51 per cent of its revenue to expenses in 2022, as production cost grew by 14.10 per cent during the same period in review....
The Guaranty Trust Bank (GTBank), Stanbic IBTC, others have been excluded from the cash swap programme by the Central Bank of Nigeria (CBN). Ripples Nigeria had...
The Federal Government of Nigeria risks losing 30 per cent of Nigeria’s foreign exchange reserves as the London High Court resumes hearing on Tuesday on the...
Nigerian stock market ended trading with N28.68 trillion equity capitalisation on Monday, slightly above the N28.64 trillion recorded on Friday. This shows the market capitalisation increased...
Investors are cutting ties with Access Bank, Guaranty Trust Holding Company (GTCO) and other firms in the Nigerian banking industry amid the threat of financial sanction...
This week’s stocks to watch list for this week include MTN Nigeria, MRS Oil, and International Breweries. The companies made the cut due to their capital...
Investors in the Nigerian capital market traded 1.241 billion shares valued at N15.668 billion in 18,560 deals this week. However, this fell short of 1.286 billion...
The Federal Government has increased the salary of the Nigerian Ports Authority (NPA) staff. The Minister of Transportation, Mu’azu Sambo, disclosed this at an event organised...
MTN Nigeria offered incentive shares to shareholders that participated in its share offer conducted in January last year after the company failed to grow its investment...
The Major Oil Marketers Association of Nigeria (MOMAN) said the abrupt reversal of the Petroleum Industry Act affected the oil and gas industry negatively. In a...
The International Renewable Energy Agency (IRENA)has said Nigeria is the highest importer of Premium Motor Spirit (PMS) and diesel generator in Africa, and one of the...
Netflix has made a change in its leadership role, as Reed Hastings steps down amid Disney and Amazon threat to the video streaming platform’s market share....
The Nigerian capital market recorded sluggish growth on Thursday with the value of investments rising to N28.66 trillion at the close of trading. This represented a...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said Justice Inyang Ekwo of the Federal High Court in Abuja erred in his...
Three weeks after Simon Ekpa, one of the controversial leaders of the proscribed secessionist group, Indigenous People of Biafra (IPOB), spoke against the ‘taxation regime’ in...
Justice Inyang Ekwo of the Federal High Court, Abuja, has adjourned the summon of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over...
Trading on Wednesday closed by -0.16 per cent after the market capitalisation of the Nigerian stock exchange settled at N28.65 trillion. This was below the N28.70...
Police officers reportedly surrounded the home of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, located in the Federal Capital Territory, Abuja, on Tuesday night....
The Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been given three days to provide details...
Centum Investment Company Plc, the majority shareholder of Sidian Bank, has pulled out of a deal with Access Holdings. Access Holdings had through its subsidiary in...
The Nigerian capital market ended trading with N28.70 trillion on Tuesday. The figure was 0.64 percent or N183.7 billion higher than the N28.52 trillion posted by...
To stabilise the exchange rate in the official market, over $15.3 billion was disbursed into the economy by the Central Bank of Nigeria (CBN) in 2022....
The National Assembly will this week deliberate on President Muhammadu Buhari’s request to swap the loan obtained from the Central Bank of Nigeria (CBN) to bond....
The Central Bank of Nigeria (CBN) has revealed that the head of the financial regulator, Godwin Emefiele, will lead the upcoming Monetary Policy Committee meeting (MPC)....
Investors lost N80.85 billion on Monday after the market valuation of the Nigerian stock exchange dropped to N28.52 trillion. The loss represents a decline of -0.28...
Nine Nigerian commercial banks were surcharged a combined N147.65 billion by the Federal Government’s Asset Management Corporation of Nigeria (AMCON). The debt-recovery agency took possession of...
Access Holdings, Oando and Thomas Wyatt made it into this week’s stocks to watch list due to various reasons, such as board and stock market activities....
Fear and greed are factors that control the price movement of a stock, but at the end of the week, the former controlled the decision of...
Bitcoin (BTC) appreciated in value this week on the back of fund recovery in bankrupt cryptocurrency exchange platform, Futures Exchange (FTX). Bitcoin had closed January 8,...
The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, said on Friday the country loses $2.5 billion in oil revenue monthly. Oyerinde, who disclosed...
The Nigerian capital market closed on a high note on Friday with the equity capitalization rising by 0.89 per cent at the close of the day’s...
Acquisition talks between Access Holdings and Centum Investment Plc have collapsed as the Nigerian and Kenyan companies failed to agree on conditions to finalise the buyout...
Nigerian oil companies are the biggest gainers in the scarcity of Premium Motor Spirit (PMS) within the country, that has led to Nigerians buying fuel above...
The Finnish research institute, Centre for Research on Energy and Clean Air (CREA), has stated that Russia’s oil revenue losses to European Union sanctions will increase...
Ukrainian government has disclosed that it will set up grain hubs in Nigeria and other African countries amid decline in importation of wheat from Russia in...
