PFAs stake N8.51trn pension funds on FGN securities As pension assets rebound to surpass N12trn Appetite for federal government securities among Pension Funds Administrators (PFAs)...
NGX market CAP quivers as 11 Plc offloads N82.22bn by delisting The aggregate valuation of equities at the Nigerian Exchange Limited took a negative direction...
Elon Musk’s SpaceX visits Nigeria’s telecoms regulator over critical satellite matter A delegation from SpaceX, American aerospace manufacturer and space transportations services company owned by...
Diaspora Remittances: Is CBN’s Naira 4 Dollar Scheme here to stay? The voracity of the Central Bank of Nigeria (CBN) to swell up its...
Price dips in bellwethers cost stock investors N167bn Following the price dip recorded by the bellwethers, the equities market today inched on a negative...
MTN grows Q1 profit to N74bn despite losing 5m subscribers Telecommunications giant, MTN Nigeria Communications Plc has reported an improved profit after tax (PAT)...
Bill and Melinda Gates part ways after 27-year marriage One of the world’s richest men, Bill Gates, and his wife, Melinda, on Monday, announced...
Portfolio investments evade Nigeria as stock market posts N676.53bn turnover The waning appetite of foreign investors in the Nigerian equities market is fast fading...
NGX trains stockbrokers beyond equity asset class Nigerian Exchange (NGX) Limited has kicked off its first Automated Trading System (ATS) Certificate Training for stockbrokers in...
Wema Bank hits N1trn asset valuation despite N13.51bn revenue shortfall Despite a recorded decline in its revenue in 2020, Wema Bank Plc has grown...
Equities shed N7bn as banking stocks go bearish The local equities market reversed its previous day’s gains on Tuesday as the benchmark index declined...
E-payment: Banks process N356.47trn in Q4 2020 alone A total volume of 3,464,811,083 transactions valued at N356.47 trillion was recorded in Q4 2020 as...
Four Mills pledges N160bn to develop Nigeria sugar backward integration Nigeria’s food and agro-allied group, Flour Mills of Nigeria Plc has announced an increased...
NGX attracts N13.7bn debut bond of Emzor Pharmaceuticals The Nigerian Exchange Limited (NGX) has announced the listing of a N13.7 billion bond of Emzor...
2020: Axa Mansard Insurance nets N6.04bn profit AXA Mansard Insurance plc, a member of the AXA Group has announced its audited financial results for full...
Nigeria’s forex inflow suffers 54% decline in January Inflow of foreign exchange into the Nigerian economy fell significantly in the first month of the...
Investors lose N33bn as bears reclaim NGX floor Negative sentiments resurfaced in the local bourse on Thursday as bears displaced by the bulls the...
Overnight rate expands on CBN’s OMO auction The overnight lending rate expanded by 275bps to 15.0%, following outflows for CBN’s weekly OMO auction. The...
Inflation rises for 19th consecutive months as food prices remain the culprit The latest inflation data released today by the National Bureau of Statistics...
BDCs process N1trn annual deals, says Gwadabe The Association of Bureaux de Change Operators of Nigeria (ABCON) has said that its annual turnover is...