Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
NSE Upgrades Data Portal for Improved Access to Market
The Nigerian Stock Exchange (NSE) has upgraded its Data Portal (X-DataPortal) to provide a more efficient, user-friendly experience for subscribers....
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Guinness Nigeria raises N5b CP
Guinness Nigeria Plc at the weekend closed application list for its N5 billion commercial paper issuance. Guinness Nigeria, a...
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How small-sized insurers may lose big contracts by December
Despite the extension of the deadline for insurance industry recapitalisation to September 2021, brokers/marketers are sceptical about some operators’ ability...
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FMDQ Admits N23bn Debt Securities as Corporate Benefit from Market
FMDQ Securities Exchange Limited has admitted N23 billion debt securities on the platform as part of efforts to empower the...
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Stock market extends decline, investors lose N38bn
The nation’s stock market extended its decline on Monday as investors lost N38bn at the end of trading. The market...
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IPPIS: Petrol scarcity looms as PENGASSAN, NUPENG threaten strike
Nigeria may face petrol scarcity if oil workers make good the threat of withdrawing their services nationwide should the Federal...
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Fidson Healthcare Shareholders to Receive 15kobo Dividend
The board of directors of Fidson Healthcare Plc has recommended a dividend of 15 kobo per 50 kobo share for...
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Stocks lose N190bn, market cap falls below N13tn
All other indices finished lower with the exception of NSE-Main Board, NSE MERI Growth, NSE Consumer Goods, NSE Lotus II...
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CBN debits banks N126bn to raise currency value
Reuters reported on Friday that the naira had come under intense pressure in recent months during the coronavirus pandemic. A sharp...
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Seplat Transfers Assets to Subsidiary for Easy Operation
Seplat Petroleum Development Company Plc, the completed transfer of the business activities and assets of OMLs 4, 38 and 41...
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N400m Debt: AMCON takes over Doggi Group promoter’s assets
The Asset Management Corporation of Nigeria (AMCON) yesterday took over the assets of Alhaji Umaru Baba Abdullahi, the Chief Promoter...
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New operator targets Nigeria’s $80 billion telecoms market
A new telecommunications operator is poised to enter Nigeria’s $80 billion telecoms industry as the fifth largest firm. Specifically,...
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Naira dips by N24 to N385/$
THE Naira depreciated by N24 to close at N385 per dollar on Thursday at the official market. It had exchanged...
Read moreStock investors lose N21bn amid selling pressure
The market capitalisation of equities depreciated by N21bn to N13.01tn from N13.03tn the previous day as market sentiment returned to...
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NNPC reports N17bn oil theft, unsure of daily PMS consumption
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the country has reorded about $48 million (or N17 billion) loss...
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Telecoms Subscriptions Rise to 190.8m
Subscriptions across all telecommunications networks have maintained a steady growth pattern in one year, reaching 190,806,067 in April. This...
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NSE All-Share Index Gains 0.17% as Market Rebounds
The stock market rebounded wednesday following gains recorded by Nestle Nigeria Plc, Access Bank Plc and Flour Mills of Nigeria...
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FBNInsurance Posts N37.63bn Premium in 2019
FBNInsurance Limited recently presented its 2019 audited annual report to its shareholders during a virtual Annual General Meeting (AGM) held...
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Neimeth, Prestige Assurance lead NSE’s N13 billion losses
The equities market sustained sliding profile at the end of yesterday’s transactions, as more blue-chip stocks, especially Neimeth, and Prestige...
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Global FDI projected to plunge 40% below $1 trillion in 2020
Global foreign direct investment (FDI) flows are projected to decrease by up to 40 per cent in 2020, from their...
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‘Nigeria’s Livestock Industry Growing 12.7% Annually’
The Director General of the Nigeria Institute of Animal Science, Prof. Eustace Iyayi, has said the livestock industry in Nigeria...
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Dangote, BUA row over Edo mining sites deepens
The dispute between Dangote Group and BUA Group over mining sites in Edo State came to the fore again on...
Read moreStock Exchange downgrades BOC Gases to low-priced stock
The Nigerian Stock Exchange (NSE) has downgraded BOC Gases Plc from medium-priced stock to low-priced stock after steep depreciation brought the...
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FG Raises N162.6bn through Sukuk Bond Sale
Nigeria has raised N162.56 billion to help finance infrastructure projects through the sale of Islamic bonds to local funds and...
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FBN Holdings Consolidates Leadership through Divestment
FBN Holdings’ transfer of its majority equity in FBN Insurance to the Sanlam Group is a boon to its operations...
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