Foreign investors’ confidence in Seplat Energy Plc has dropped, as some exited their investment in the Nigerian oil company following a setback in the acquisition of...
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to drop, thereby, reducing the value in...
The plan by the world’s richest man, Elon Musk, to embark on a space expedition this year has suffered a setback after his SpaceX rocket burst...
The law firm hired by Twitter, Wachtell, Lipton, Rosen & Katz, said the acquisition process is still on, ruling out Elon Musk’s withdrawal, despite the former...
The Chief Executive Officer of Tesla, Elon Musk, has reacted to Twitter board’s threat to file out a lawsuit over the collapse of the deal between...
Countries in Europe are likely to experience an increase in their energy bills after Russia opted to cut gas supply to Germany amid a disagreement with...
Twitter share slumped on Monday following Elon Musk’s decision to terminate his offer to acquire the social media company. The billionaire cited breach of agreement as...
Stocks to watch this week consist of First Bank of Nigeria Holdings (FBN Holdings), Ardova, Guaranty Trust Holding Company (GTCO) and Wema Bank. Their inclusion is...
Investment into the Nigerian capital market took a nosedive this week, with investors trading 822.404 million shares worth N10.366 billion in 20,643 deals within five days....
The world’s richest person, Elon Musk, faces a court battle after he terminated his Twitter acquisition deal. Musk pulled out of the deal three months after...
Oil marketers have blamed the Pipelines and Product Marketing Company (PPMC) for the lingering fuel scarcity in Lagos, Abuja and some part of Nigeria, after queues...
The Chief Executive Officer of ExxonMobil, Darren Woods, has called for an increment in Carbon price, to enable more investors come into the market, insinuating that...
Ardova Plc reported revenue grew 10.7% for year ended December 31, 2021, reflecting all is well with sales, but a closer look shows a rising financial...
For investors with Bank stocks in their portfolio, as the capital market enters into the second half (H2) of 2022, it’s important to know what went...
Flutterwave Payment Technology Limited has been accused by the Kenyan authority, Asset Recovery Agency (ARA), of using its company accounts for money laundering. The Nigerian startup,...
The wealth of world’s richest woman, Francoise Meyers, has grown by 4.52% in one day after her family company, L’Oreal saw its share appreciate by 4.92%...
Group Chief Executive Officer of Oando Plc, Wale Tinubu, has said 20% of oil production is lost to oil theft, reflecting Nigerian government’s inability to prevent...
The Federal Government plans to raise N720 billion from the bond market in the third quarter of this year, a move that is expected to increase...
National Youth Service Corps (NYSC) members involved in agriculture, bakery, fashion and other small business ventures in Nigeria have received N10 million grant from Unity Bank....
African Alliance Insurance Plc and C&I Leasing have given reasons for the late filing of their financial statements for 2021 full year and first quarter (Q1)...
The European Union (EU) has revealed its commitment to financially support the agricultural sector in Nigeria, assisting the African country to diversify its economy away from...
This week, Niger Insurance, Honeywell Flour and Okomu Oil made the list of stocks to watch, as two of the listed firms were penalised by Nigeria’s...
The Central Bank of Nigeria (CBN) and four other agencies have come under criticism of the House of Representatives following their failure to recover debts owed...
Guinness Nigeria has appointed Dayalan Nayager as a Non-Executive Director and Vice Chairman of the company’s board of directors following the retirement of John O’Keeffe. O’Keeffe...
The Nigerian Exchange Regulation Limited (NGX RegCo) has suspended trading on nine companies listed in the stock market, a move that will negatively impact the investment...
The Nigerian capital market’s shareholders’ investment rose to N27.9 trillion after eight hours of trading on Friday. The figure was 0.02 percent or N6.55 billion higher...
The United States Department of Justice has issued a $100,000 reward in a bid to arrest one of the ten most wanted fugitives in the country,...
Farmers in Birnin-Gwari area of Kaduna, now pay bandits in order to access their farms and harvest their crops. The farmers have parted with about N400...
Four companies in the stock market have been fined by the Nigerian Exchange Limited (NGX) for their failure to release their financial statements in line with...
It’s been two years since the oil industry experienced a meltdown in their earnings, with oil price falling to as low as $20 due to Coronavirus outbreak and...
The wealth of Russia’s former Deputy Prime Minister and businessman, Vladimir Potanin, has grown significantly within the last four months, since Vladimir Putin invaded Ukraine on...
The House of Representatives has revealed its plan to investigate subsidy payments, accusing the Nigerian National Petroleum Corporation (NNPC) of padding the cost of subsidy. During...
The United States Federal Communications Commission (FCC) has requested Google and Apple to delete Chinese video-sharing app, TikTok, from their app store, over risk to national...
The Federal Government has handed 57 oilfields to 161 local oil companies, ending a process that began since 2020. The firms were selected out of 665...
Elon Musk suffered a loss in his networth on Monday, as Tesla share plummeted -0.32% at the close of trading, after the automaker stock dip -0.32%,...
MTN Nigeria subsidiary, Momo Payment Service Bank Limited lost N22.3 billion following a security breach on the fintech’s system, which forced the company to shutdown operation...
South African cable tv company, MultiChoice Group, has revealed that its management is facing liquidity constraint in Nigeria, and has to retrieve the company’s funds at...
Bakers in Nigeria have reached an agreement to shut down their operations for two weeks in July, following the surge in price of flour and sugar...
The founder of investment firm, Future Africa, Iyinoluwa Aboyeji, has disclosed his company’s willingness to invest in small businesses operating in Nigeria, in a bid to...
Five-times Ballon d’Or winner, Cristiano Ronaldo, has explained why he wants to sell cryptoasset, as he signs a multi-year partnership with world largest cryptocurrency exchange, Binance....
Global crude oil price went down -0.68% as Russia and European Union readjust to the restriction placed on the former. On Thursday evening, oil price depreciated...
The stock market didn’t close in favour of businessman, Abdulsamad Rabiu and his company, BUA Cement, on Wednesday, as investors opted for the shares of his...
President Muhammadu Buhari has stated that he’s not in the position to probe the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, for becoming political and...
Maureen Esisi, the estranged wife of Nollywood actor, Blossom Chukwujekwu, has claimed that she did not finalize the divorce proceedings between herself and the actor. Esisi...
The majority shareholder of LivingTrust Mortgage Bank, Yemi Adefisan, has been busy on the exchange floor, selling off part of his shares amid the Nigerian bourse...
Ripples Nigeria quarterly ranking for best performing commercial banks operating in Nigeria is determined by the growth of the financial institutions’ Net Interest Income within three...
Ukraine has raised another batch of funds from the cryptocurrency market, after selling the highly-valued non-fungible token (NFT) known as CryptoPunk #5364, to finance its war...
The World Bank has declared that the Central Bank of Nigeria (CBN) policies are undermining the business environment within the country, placing Nigeria on a fiscal...
Sterling Bank Managing Director, Abubakar Suleiman, and three other executive directors at the financial institution, Raheem Owodeyi, Tunde Adeola and Yemi Odubiyi engaged in share dealings...
The Nigerian stock market ended the week’s trade in bearish territory after investors traded 940.892 million shares valued at N11.49 billion in 20,077 deals in just...