Amidst prevalent economic headwinds in the country, the Nigeria equities market has rebounded to brake free of the shackles of profit-taking as the bulls successfully staged...
Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable, and affirmed the IDR at ‘B-‘. In...
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...
President Bola Tinubu has secured a $600 million investment from Danish shipping and logistics firm A.P Moller-Maersk, the presidency said on Sunday. The deal is to...
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....
The Federal Airport Authority has said it has diverted all flight operations from the Murtala Muhammed Airport terminal 1 to the D wing of the airport...
The Minister of Aviation, Festus Keyamo, has suspended Dana Airline operations due to concerns surrounding the safety and financial viability of their operations. The ministry, through...
PRESS RELEASE Transport stakeholders drawn from the Lagos State Ministry of Transportation, Nigerian Police Force, and the ride-hailing company inDrive have agreed to join forces in...
In the dynamic landscape of the Nigerian insurance industry, the journey towards sustainable growth and development has been marked by challenges and opportunities alike. As the...
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....
By Gilbert Ayoola The Central Bank of Nigeria (CBN) recently issued a directive instructing all Deposit Money Banks (DMBs) in the country to reduce their Loan-to-Deposit...
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....
The Presidency on Sunday said it was ready to launch about 2,700 CNG-powered buses and tricycles before May 29 when President Bola Tinubu turns one year...
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...