For the third consecutive week, Nigeria’s FX reserves nosedived by losing $102.58 million to close last week at $41.41 billion. According to experts, the sustained downtrend...
As investors scrambled to book profit on their equity assets last week, the local stock market was pulled down by 0.12 per cent to close the...
Shareholders of Conoil Plc have approved a total dividend payment of N1.04 billion, translating to 150 kobo for every 50 kobo share. The dividend was approved...
International Breweries Plc has reported a profit after tax of N367.5 million for the third quarter of 2021 as it managed to overcome a loss after...
A major concern for investors over the years is how they can manage to maneuver effects of inflation on the returns made from their investments. From...
The overnight (OVN) rate leaped to 15.3% at the close of activities in the money market last week as the Central Bank of Nigeria (CBN) debited...
Recent announcements by MTN Nigeria and Airtel Africa on acquisition of payment service bank approval in principle has spurred excitement at various quarters but at the...
While bitcoin has been hovering above the $60,000 handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that...
Bitcoin hit another record high and is flirting with $69,000 for the first time after inflation data bolstered the argument that the cryptocurrency is a hedge...
The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value...
Transnational Corporation of Nigeria (Transcorp) has reported that its operations across various subsidiaries yielded N13.5 billion from January to September, 2021. This is according to its...
MTN Group, the largest mobile operator in Africa, has announced plans to proceed with a public offer to sell 575 million shares in its Nigerian business...
Transcorp Hotels Plc has announced its unaudited Q3 results showing a rebound from N5.6 billion losses it posted at the third quarter of 2020 when the...
Binance, the biggest crypto exchange in the world, has put withdrawals on hold as it struggles to clear a large backlog. The company said it had...
Tells CRAs to focus on investors’ protection The Securities and Exchange Commission (SEC) has vowed to apply stiff sanctions to any capital market operators who...
Stock investors at the Nigerian Exchange Limited (NGX) recouped N144.04 billion last week to push the All-Share Index (ASI) above 42,000 basis points, close to its...
Nigeria’s subsidiary of African telecoms giant, MTN Nigeria Communications Plc (MTNN) has posted its highest revenue ever in excess of N1.2 trillion for the nine-month period...
Amidst controversy trailing the disappearance of eNaira Speed Wallet, the end user application for operating Nigeria’s Central Bank Digital Currency (CBDC), the app has reappeared on...
The E-Naira speed wallet has disappeared from the Google Play Store. This happened barely 48 hours after its ceremonious launch by President Muhammadu Buhari. Business Metrics...
United Bank for Africa Plc (UBA) has reported that in the nine month period spanning January to September 2021, it received a total of N6.1 trillion...