The Chief Executive Officer (CEO) of Seplat Energy Plc, Roger Brown, has been barred by a federal high court in Lagos from performing his leadership responsibilities....
The equity capitalization in the Nigerian capital market rose to N30.40 trillion at the close of trading on Thursday. The figure was 0.03 percent or N11.43...
Dangote Cement, a manufacturing firm owned largely by Aliko Dangote, is restrategising to consolidate ownership and reduce the cost of dividends on cash flow. The company...
Seplat Energy Plc chairman, Basil Omiyi, and the board of directors have stated that the company’s Chief Executive Officer (CEO) Roger Brown, will discharge his duties...
The Central Bank of Nigeria (CBN) has launched a Regulatory Framework for Open Banking in Nigeria to deepen innovation and increase the range of products available...
Investors with shares in Transfer Express, Cutix, and other equities benefited from the positive output in the Nigerian capital market on Wednesday. After five hours of...
First City Monument Bank (FCMB) has projected its revenue for the second quarter (Q2) of 2023 will fall short of the gross earnings recorded during the...
Miri Strategic Emerging Markets Fund LP has reduced its stake in the Nigerian Exchange Group (NGX Group), where it holds a substantial stake. The substantial investor...
The equity capitalization in the Nigerian stock market crashed to N30.28 trillion at the close of trading on Tuesday. This was 0.02 percent or N6.96 billion...
Gbenga Shobo has exited his role as the Deputy Managing Director of First Bank of Nigeria (FBN), the financial institution has disclosed. Shobo joined First Bank’s...
Investors in the securities market have lent MTN Nigeria N125 billion, a corporate document has notified the company’s shareholders and the investing public. On Tuesday, Ripples...
The Nigerian National Petroleum Company (NNPC) Limited has taken over the oil mining lease (OML) 18 from the previous operator, Eroton Exploration and Production Limited. NNPC...
The Nigerian stock market slumped by -0.13 per cent on Monday after the equity capitalisation closed down at N30.29 trillion, against its previous close of N30.33...
Nigeria’s current fuel scarcity might extend into 2024, as S&P Global Commodity Insight has disclosed that the Dangote refinery, slated for the fourth quarter of 2023,...
The revenue of Transcorp Hotels grew by 46.8 per cent between January and December 2022, the company’s 2022 Consolidated and Separate Financial Statements show. Transcorp Hotels...
The stock market resumes trading this week, with a focus on Wema Bank, Seplat and Zenith Bank on the exchange floor of the Nigerian Exchange Limited...
The Stanbic IBTC has revealed how the scarcity of naira notes arising from the currency redesign by the Central Bank of Nigeria (CBN) crippled activities in...
Despite the Supreme Court ruling that old N500 and N1,000 notes are still legal tender, fuel stations, supermarkets and market women are still rejecting the old...
Nigerian bourse saw the market capitalisation appreciates by 0.01 per cent to close at N30.33 trillion on Friday, slightly above Thursday’s N30.32 trillion. The sluggish growth...
Zenith Bank has announced that it has established a non-operating Financial Holding Company (HoldCo), a move that will see its current chairman, Jim Ovia, remain at...
Zenith Bank’s Deputy Managing Director (DMD), Adaora Umeoji, has been affected by the new leadership tenure stipulated by the Central Bank of Nigeria (CBN). Umeoji became...
Wema Bank has informed shareholders and the investing public that it plans to raise N25 billion from investors in a private bond issuance. The company disclosed...
Ecobank Transnational Incorporated (ETI) has appointed Jeremy Awori as its new Chief Executive Officer. The bank disclosed this in a corporate document released on Thursday. Awori’s...
It has been 12 months since Seplat Energy announced that it has entered into agreements with ExxonMobil to acquire the entire share capital of Mobil Producing...
With Bola Tinubu announced as President-elect in the early hours of Wednesday, come May ending, the All Progressives Congress (APC) member will start implementing his policies...
The International Monetary Fund (IMF) has revealed that the repayment of loans under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN) is...
Tech founders have started reacting to the presidential election held in Nigeria, following the victory of Bola Tinubu, defeating other candidates; Peter Obi and Atiku Abubakar....
Investors in the Nigerian capital market pocketed N260.30 billion following the 0.86 percent rise in equity capitalization at the close of trading on Tuesday. Consequently, the...
The Chief Executive Officer of Lafarge Africa, Khaled El Dokani, said the company’s capital was affected by the worsening exchange rate in 2022, a corporate document...
The report by the Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, on how the Presidential election in Nigeria has played out wasn’t well received...
Investors retained their confidence in the Nigerian capital market with demands for equity stocks raising the market capitalization by 0.69 percent at the close of trading...
The shareholders of Nigerian Breweries will earn N13.8 billion from dividends for the 2022 period due to their equity investments in the brewery company. In its...
Dangote Cement, owned by billionaire, Aliko Dangote, has reported that its revenue for the year ended 2022 rose by 16.96 per cent year-on-year, while its net...
Stocks to watch this week include Geregu, Zenith Bank, and Courtville. The companies made the list for different reasons that could impact shareholders’ investments. Ripples Nigeria...
The Independent National Electoral Commission (INEC) has postponed the collation of the presidential election results till 11:00 a.m. on Monday. The INEC Chairman, Prof. Mahmood Yakubu,...
Google’s Doodle transformed on Saturday, portraying the Nigerian flag and a ballot box to indicate the country was having its election today. The Doodle typically depicts...
Nigeria and South Africa have been added to the money laundering watch list of the Financial Action Task Force (FATF), the organisation disclosed. FATF, an intergovernmental...
Investors in the Nigerian capital market went home with N164.9 billion following the 0.55 percent growth in equity capitalization on the eve of the country’s presidential...
The equity market in the United States didn’t respond well to Netflix’s strategy to grow its declining subscriber base on Thursday, as the firm’s stock plummeted....
Zenith Bank has disclosed that the company is sorting outstanding issues which will delay the release of its 2022 Audited Annual Financial Statements. On Friday, Ripples...
The founder of Geregu Power Plc, Femi Otedola, saw his investment value in Geregu rise by 13.83 per cent after selling five per cent of Geregu...
Victor Osimhen’s goal tally has triggered a €130,130 (N64 million) clause in his Napoli contract, after netting his 20th goal of the season against Eintracht Frankfurt...
Courtville Business Solutions Plc has received approval from the Securities and Exchange Commission (SEC) to delist from the Nigerian Exchange Limited (NGX). In a document obtained...
For a fee of $70,000,251 per year, the Federal Government has concession the 700 megawatts Zungeru Hydroelectric Power Plant. The Head, Public Communications, Bureau of Public...
The Nigerian Exchange Limited (NGX) closed with N29.58 trillion market capitalization on Wednesday. The figure was N68.76 billion or 0.23 percent higher than the N29.51 trillion...
Prior to the Naira redesign policy of the Central Bank of Nigeria (CBN), the area of Alagbole, Ogun State, was saturated with Point of Sale (PoS)...
The Central Bank of Nigeria (CBN) didn’t contravene the ruling of the Supreme Court on the phasing out of the old Naira notes, a Partner at...
The Nigerian capital market closed trading on Tuesday with a N19.08 billion loss. This followed the dip in equity capitalization by -0.06 percent from N29.53 trillion...
The International Monetary Fund (IMF) has queried the procedure used by the National Bureau of Statistics (NBS) to collate the monthly consumer price index (CPI). IMF...
Amid the scarcity of Naira notes, Nigerians seem to be dumping the country’s currency for Dollar as the country’s external reserves went down by –1.97 per...