A Bitcoin whale has parted with $137 million to increase the digital asset’s holdings. A whale is an individual or entity with large amount of Bitcoin....
Precious Chikwendu, the estranged wife of the former Minister of Aviation, Femi Fani-Kayode, said on Wednesday she discovered in court that one of her sons has...
Nigerian recording artiste, Simi has criticized the notion of parents taking their children to boarding school. In the lengthy opinion that she shared on her Instagram...
Craig Wright, the self-proclaimed founder of bitcoin, has won a court case which makes him the 26th richest person in the world, and supposedly confirms his...
Nigerian bourse ended its losing streak on Tuesday, following a slight 0.02 percent increase in trading. This saw the market capitalisation rise to N21.925 trillion, from...
Lagos bakers have announced plans to protest against multiple taxation by agencies of the Lagos State Government, stating that their businesses are being exploited. The protest,...
BitMart, a cryptocurrency exchange, has lost $150 million worth of tokens to hackers at a period the cryptocurrency market was struggling to replicate its 2020 Q4...
The Nigerian capital market remained in the bears’ territory on Monday following the crash in equity capitalization by 0.3 percent at the close of the day’s...
The Executive Director of the Guarantee Trust Bank, Jubril Mobolaji Lawal, has joined the Ecobank as the managing director after losing out on the plum job...
As investors resume to selling, buying and holding shares this week, stocks that should be on your watch list are MTN Nigeria, UPDC, NEM Insurance and...
Bitcoin has been bleeding since second week of November, but its losses deepened in the last 24hour, losing 17.64 percent in its market price, as Omicron...
For the third consecutive day, the Nigerian capital market ended trading on the negative territory following the crash in the equity market by 0.18 percent on...
The Wolf of Wall Street, Jordan Belfort, has warned against investors pouring money into meme cryptocurrencies, Dogecoin and shiba inu, stating that risk of losing investment...
Amid competition from Twitter Spaces, Clubhouse, an audio-chatroom platform, has introduced Nigerian languages to its communication options to edge its rival. Clubhouse, which is founded by...
MTN Nigeria, Airtel Networks Limited, and Mafab Communications Limited have made it into the next round of auction for the acquisition and deployment of the fifth...
Shareholders’ investment in the Nigerian capital market dropped by 0.5 percent on Thursday. The development caused shareholders to lose N112.27 billion within eight hours of trading...
Bharti’s Airtel Africa has increased the company’s control in its Nigerian subsidiary, Airtel Networks Limited, after conducting a buyback of minority shares, a new statement showed....
MTN Nigeria’s market value declined on Wednesday as the telecommunications giant’s parent company, MTN Group, began part sell off of its stake in the domestic telco....
Deadline for the waiver of penalty and interest for companies yet to submit outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns has been...
Investors at the Nigerian capital market lost N409.55 billion following the crash in equity capitalization by 1.18 percent at the close of trading on Wednesday. Consequently,...
MTN Group has announced a plan to reduce its stake in MTN Nigeria, a move that could be seen as the majority shareholder envisaging the stock...
Twitter share tumbles after the company’s founder and Chief Executive Officer, Jack Dorsey, resigned from the position on Monday – a move that shocked the capital...
One of the substantial shareholders in Oando Plc, Dahiru Mangal, has sold his stake in the oil and gas company, two years after petitioning Securities and...
The character of the new Twitter Chief Executive Officer, Parag Agrawal, has been called to question after his past tweet resurfaced following his appointment. Prior to...
Seplat Energy Plc is in a competitive bid to acquire the Nigerian shallow water business of Exxon Mobil, a disclosure that prevented the firm’s stock from...
The Co-founder of FixIt45, an automotive services provider, Abdulazeez Ogunjobi, has attributed the delay in the integration of the country’s digital currency, eNaira, among payment options...
The cryptocurrency market is currently down as Bitcoin, Ethereum, Dogecoin, and many other stablecoins continue their slide unabated. Bitcoin’s value has dropped by 0.58 percent to...
Google on Wednesday warned its cloud accounts holders on the activities of cryptocurrency miners hacking users’ details to mine digital assets. In a report titled: Threat...
The decentralised digital market is on a decline path as major cryptocurrency assets including Bitcoin and Ethereum lost ground amid falling trades in Nigeria. Bitcoin, according...
The naira will depreciate further in 2022 amid rising foreign reserves, according to international credit rating agency, Fitch Solutions, as it revises previous projections. Fitch had...
Flour Mills Nigeria and Honeywell Flour Mills Plc have denied breaching court proceedings after Ecobank warned against the deal between both companies. Ecobank had said in...
The Group Managing Director and Chief Executive of Zenith Bank, Ebenezer Onyeagwu, has increased his shareholding in the lender, six months after the previous acquisitions. Onyeagwu...
Honeywell Flour Mills Plc (HFMP) investors lost N3.17 billion as Ecobank Nigeria scared the capital market away from the consumer foods manufacturer amid acquisition from Flour...
Trading on the floor of the Nigerian capital market dropped by 0.05 percent on Wednesday. Consequently, the equity capitalization fell by N10billion to close at N22.56...
Investors at the Nigerian stock market gained N596.40 billion on Tuesday following the rise in equity capitalisation from N22.575 trillion to N22.576 trillion at the close...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 11.5 per cent. The MPC voted unanimously...
Shareholders of Honeywell Flour Mills Plc gained big from the disclosure of its deal with Flour Mills of Nigeria (FMN) on Monday, as its falling stock...
It’s been over 48 hours since Ripples Nigeria disclosed that Tunde Hassan-Odukale isn’t the majority shareholder as First Bank Nigeria (FBN) Holdings made their investors believe....
Oba Otudeko, chairman, Honeywell Flour Mills Plc (HFMP) plans to sell his indirect stake in the company to Flour Mills of Nigeria (FMN) as the latter...
This week’s stocks watchlist consist of First Bank, Vitafoam, Conoil and Cutix, with the firms getting a mention due to capital market activities and on-field. Ripples...
In five days of the week, investors traded over 1.392 billion shares worth N27.886 billion in 19,990 deals. The value of traded stocks this week surpassed...
The Nigerian Pension Commission (PENCOM) has addressed the blow out from the leadership tussle between Tunde Hassan-Odukale and Femi Otedola in First Bank Nigeria (FBN) Holdings....
Unilever Plc is preparing for a dip in revenue after the company agreed to sell off part assets of its tea business, ekaterra, to CVC Capital...
Bitcoin has been a perfect hedge against Nigeria’s double-digit inflation in the last two years, but as consumer price index (CPI) declines, the adoption of the...
Chairman of Innoson Group, Innocent Chukwuma, has stated that he will be taking over Guaranty Trust Bank’s assets soon as the lender’s debt owed to him...
The total investment in the Nigerian stock market dropped to N22.58 trillion following the crash in equity capitalization by 0.14 percent at the close of business...
Investors reacted negatively with the change in management of Total Energies Marketing, as the oil and gas company’s market capitalisation crashed by 9.96 percent on Tuesday....
Facebook founder, Mark Zuckerberg, lost N317.52 billion ($711 million) in eight hours on Wednesday, after his company, Meta Platforms Inc, was accused of replicating a technology...
Profit-takers crashed the Nigerian capital market by 0.22 percent on Wednesday, costing shareholders N50 billion at the close of the day’s business. Sell off had pushed...
The leadership tussle between Femi Otedola and Tunde Hassan-Odukale for First Bank Nigeria (FBN) Holdings control has opened another can of worms, but this time, at...