Teleoms and digital communications company, MTN Nigeria has reduced its outstanding Letters of Credit (LC) obligation by 41.58% in the first quarter of 2024 in a...
Transnational Corporation Plc, Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024....
The FCMB Group has reported a profit before tax of N104.4 billion for the full-year ended December 31, 2023, a 186% year-on-year (YoY) increase compared to...
The financial performance of MTN Nigeria defied positive metrics of commercial momentum seen in its operation in the first quarter of 2024. Instead of posting profit,...
Nigeria’s listed banking stocks’ value declined by N2.069 trillion in 16 trading days following the announcement of the recapitalisation exercise by the Central Bank of Nigeria...
As part of efforts to reposition the capital market as a catalyst for economic development, the Securities and Exchange Commission (SEC) announced that it had approved...
The domestic equities market halted its bearish run on Thursday, as gains in Transcorp Hotels Plc and 15 others buoyed the overall capitalisation gained N27 billion....
By Gilbert Ayoola As the global economy faces the challenges of rising inflation, investors around the world are seeking opportunities to safeguard and grow their wealth....
The Nigerian stock market returned stronger on Monday as investors raked in N71 billion to commence the week driven primarily by rally in some banking stocks....
President Bola Tinubu has approved the appointment of Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC). A statement by presidential spokesman, Ajuri...
Nigerian Exchange Group and some listed companies have sought the intervention of the Federal Government to ease the challenges faced by the manufacturing sector in the...
Following the challenging operating environment that impacted its operation in 2023, Nigerian Breweries Plc is taking a bold move to raise N600 billion fresh capital as...
The Securities and Exchange Commission of Nigeria has announced the virtual Capital Market Committee meeting for the first quarter of 2024. The meeting, which is scheduled...
The Nigerian equities market sank deeper on Tuesday to record its eighth consecutive bearish session and highest daily losses since February 19. At the close of...
HIGHLIGHTS Declares N2.30 Kobo Final Dividend Total Assets Rise by 90.2% to N20.65 trillion Shareholders’ Funds Hits N2 Trillion, Rises by 120.2% Customer deposits improved by...
A Federal High Court in Abuja has remanded a Binance executive, Tigran Gambaryan, in Kuje Correctional Centre, pending the determination of his bail application. The trial...
In its continuous effort to defend the naira, the Central Bank of Nigeria (CBN) has just announced sales of fresh $10,000 to accredited Bureau De Change...
Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa, has announced a significant investment in the Ethiopian Securities Exchange (ESX). NGX...
Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has released its audited financial statements for the year ended...
Transnational Corporation Plc (Transcorp), Nigeria’s leading listed conglomerate, has announced it financial results for the year ended December 31, 2023. Analysis of the report showed that...