Stocks shed N66bn, market cap drops below N21tn The local bourse slid into the red zone following selloffs in large and Mid-Cap stocks on...
FG says Nigeria still world’s largest cassava producer despite low yield The federal government has declared that Nigeria is now the largest producer of cassava in...
Ecobank Nigeria’s $300m bond berths on London Stock Exchange Ecobank Nigeria on Thursday opened the market at London Stock Exchange (LSE) via a virtual...
14 Deap Capital directors’ assets seized by AMCON over N1.6bn debt Following the ruling of Justice Chukwujekwu Aneke of the Federal High Court, Lagos, on January...
Why Nigerian stocks are turning around After weeks of downtrend, the Nigerian equities market is beginning to see a turnaround to return to the green...
Telcos incur billions running 44,000 generators to power base stations As the electric power provision is inadequate and insufficient to satisfy the requirements of...
South Africa’s unemployment rate increased by 1.7 per cent in the fourth quarter of 2020 to 32.5 percent, the highest since 2008, said Statistics South Africa...
Proposes 70k dividend United Capital Plc (United Capital), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, has reported impressive numbers...
FMDQ Exchange admits Parthian Partners’ N20bn commercial paper FMDQ Securities Exchange has registered the Parthian Partners Limited N20 billion Commercial Paper (CP) Programme to...
Dead cat bounce as equities gain N6bn to halt downtrend There was a brief respite in the stock market on Tuesday as trading in the local...
Bitcoin faces price turbulence as market liquidity falls With liquidity falling in the bitcoin market, smaller trades can have a relatively large price impact,...
As sector boosts GDP by 12.45% Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country...
Insurance sector contracted by 12.05% in Q4 – NBS The insurance sector contracted by 12.05 per cent in the fourth quarter of 2020, latest figures...
Nigeria’s public debt to hit $37.8bn soon – DMO Public debt profile in Nigeria is about to soar to $37.8 billion soon as the country plans...
Trade volume slides by 42.6%; value contracts 22.9% Investors lose N130bn Experts expects dividend news to temper sell-offs For the third week in a row,...
Consumer complaints: Electricity, banking, telecoms top in 2020 The Federal Competition and Consumer Protection Commission (FCCPC) has announced that the sectors which received the...
Telcos share 383m allocated telephone lines in 20 years Latest fact from the Nigerian Communications Commission (NCC) has revealed that telecoms operators have been allocated...
By PwC Analysts Economic Context The outbreak of COVID-19 pandemic led to a contraction of the Nigerian economy by -6.1% in Q2 2020 compared to...
Nigeria exits recession amidst weak economic recovery As real GDP Grew by 0.11% in Q4 Slid -1.92% in Full Year 2020 Trudging along a...
External reserves shed $565m in 14 days The country’s external reserves dipped by $565 million from $36.198 billion as of February 1, to $35.633...