McNichols Consolidated majority shareholder, Ijeoma Chimaraoke, is still in the capital market selling off her shares, as she continues to take out her investment in the...
Access Holdings has agreed to acquire First Guarantee Pension Limited (FGPL) after selling its pension business, Access Pension Fund Custodian Limited, to First Bank of Nigeria...
The Central Bank of Nigeria (CBN) has lamented that the majority of farmers who benefited from the Anchor Borrowers’ Programme (ABP) have not repaid the loans....
Seplat Energy’s attempt to acquire Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil, has hit a roadblock after the Federal Government withheld approval for the deal. In...
The Nigerian capital market recovered from its previous day’s losses following a 1.05% rise in share value at the close of trading on Thursday. After eight...
The electronic valuation policy suspended by the Nigeria Customs Service (NCS) would be reintroduced on Friday, despite protest against the policy which was claimed would increase...
Seplat Energy Plc has made changes in its board, appointing former Shell Country Chairman, Basil Omiyi, as the firm’s chairman, while Charles Okeahalam was made a...
In February, South African businessman, Johann Rupert, seemed like the billionaire that would dispose Aliko Dangote from his 12 years reign as the richest man in...
An agreement to establish an African energy bank has been reached by African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO). The energy bank...
The Central Bank of Nigeria (CBN) has directed commercial banks, and Fintech companies not to share customers’ data without their consent. The apex bank stated this...
The European Union plans to spend €210 billion to cut its dependence on Russian oil, coal and gas, as Ukraine allies move to weaken Russia’s financial...
First Bank subsidiary, First Pension Custodian Nigeria Limited, has acquired Access Pension Fund Custodian Limited for an undisclosed amount. Access Pension Fund is wholly owned by...
The Nigerian capital market extended its bearish run on Wednesday following the crash in equity capitalization by 0.06 percent at the close of the day’s trading....
Billionaire investor, Elon Musk, has issued a warning to Twitter over actual number of users with active accounts on the social networking site, as completion of...
For the first time in nine months, Nigeria’s foreign reserves have dropped below $39 billion as Nigeria fails to take advantage of high oil prices. Ripples...
Ijeoma Chimaraoke, the largest shareholder in McNichols Consolidated, has been selling off her shares in the company, engaging in about seven share dealings to take out...
Dangote Cement generated N105.9 billion in profit after tax for first quarter of 2022 across its African market, rising by 18% year-on-year, after selling a total...
The Organisation of Petroleum Exporting Countries (OPEC) has put Nigeria’s oil production output at 1.32 million barrels per day, bpd, for April 2022. OPEC revealed this...
Hadi Sirika, the Minister of Aviation, has said the country’s shortage of jet A1 and high cost will persist till the Dangote and Port Harcourt refineries...
Access Holdings Plc has warned its customers and the public that it won’t take responsibility for losses suffered from dealings with investment firm, Access Capital Investment....
The value of shares in the Nigerian capital market dipped by -0.35 percent on Tuesday, dragging the equity capitalisation down by N101.06 billion. After eight hours...
Aero Contractors has denied reports that the airline operator is planning to cut down its workforce and shutdown business operation, stating that the claims are “wild...
Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira which has made the cost of...
The outgoing chairman of Seplat, A.B.C Orjiako, will sign a new contract with the oil and gas company after his retirement on Wednesday, a statement by...
As investors exited their investment in Guinness, demand for Champion Brew, International Breweries and Nigerian Breweries in the capital market rose, as rivals gained from Guinness’...
Investors at the Nigerian capital market lost N83.2 billion at the close of trading on Monday. Due to sell-off in many of the entities at the...
Africa’s richest man, Aliko Dangote, has concluded plans to raise $750 million through bonds to complete the refinery project in the Lekki area of Lagos State....
The non performing loan portfolio of 10 Nigerian banks has increased to N814.08 billion as of the end of December 2021. The stock of underperforming loans...
Cryptocurrency exchanges like Binance, Quidax, amongst others would be charged about N30.5 million by Nigeria’s Securities and Exchange Commission (SEC) to operate within the country. SEC...
GIG Mobility (GIGM), a tech-enabled mobility company, under the management and leadership of Greatman Legend (formally GIG Group) has announced the appointment of Enahoro Okhae as...
Investors parted with a total of N27.1 billion in exchange for 1.816 billion shares in 36,286 deals in the Nigerian stock market last week. The value...
The National Bureau of Statistics (NBS) said on Saturday Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent in the fourth quarter of 2021. This...
Investors at the Nigerian capital market pocketed N97.4billion following the rise in equity capitalization by 0.34 percent on Friday. The development pushed up the equity capitalization...
Zinox Technologies has reacted to reports that the company is planning to acquire e-commerce firm, Jumia, the market rival of its online marketplace subsidiary, Konga, amid...
The founder of cryptocurrency exchange, Binance, Changpeng Zhao, has revealed the reason Terra Luna suffered significant crash in its market value, costing holders -99.99% of their...
World’s richest man, Elon Musk, has suspended his Twitter deal over spam and fake accounts on the microblogging site, a month after the firm’s board agreed...
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Thursday revealed a new campaign plan needed to save the naira from further depreciation and...
First Bank of Nigeria (FBN) Holdings has failed to meet the submission deadline for Unaudited Financial Statements for the first quarter ended March 31, 2022, while...
Investors at the Nigerian capital market gained N42.75 billion at the close of business on Thursday. This followed the rise in equity capitalisation by 0.15 percent...
Nigeria and 13 other countries in Africa have created a cross-border and unified securities trading platform for investors and brokers seeking investable assets across the continent....
The cryptocurrency community continues to suffer heavy losses, as more cryproasset holders exit the market, plunging the total market value by -16.65%, as investors shed their...
The networth of Africa’s richest man, Aliko Dangote, grew by 1.89% on Wednesday, while that of his market rival, Abdulsamad Rabiu, the founder of BUA Foods,...
The Central Bank of Nigeria (CBN) has announced that in the first two months of 2022, it disbursed a total of N567.7bn to six critical sectors...
The Nigerian capital market rebounded from previous day’s loss with a 1.99 percent increase in share value at the close of trading on Wednesday. The development...
Airtel Africa’s revenue increased by 17.8 percent in the first quarter of this year with the Nigerian market accounting for the largest chunk of the earnings...
The UK government has announced plans to regulate cryptocurrency in the country, amid slump in bitcoin and lack of positive growth to tie down holders and...
Nigeria has been named in a new report alongside ten other countries within the Economic Community of West African States (ECOWAS) as having very serious debt...
Investors at the Nigerian capital market lost N52.3 billion on Tuesday following the crash in equity capitalization by -0.18 percent at the close of the day’s...
The Debt Management Office (DMO), has announced the offer of two Federal Government of Nigeria (FGN) bonds for subscription. The DMO stated this in a notice...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has demanded the Federal Government pays the N500 billion it owes to the oil marketers to avoid fuel...
