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...
AfDB advocates digital scale-up to unlock economic benefits Digital platforms in Africa should scale up to take advantage of the continent’s surging demand for creative...
By Analysts at Zedcrest Capital FGN Bonds The FGN Bond market continued to trade on a strong note, as spreads tightened at the belly and tail...
Bitcoin collector MicroStrategy invests fresh $1bn on Bitcoin Major bitcoin corporate backer MicroStrategy Inc. said today, Wednesday, that it bought another 19,452 bitcoin, worth around...
SEC tackles court ruling vindicating OANDO Plc The Securities and Exchange Commission (SEC) has faulted reports that a shareholder of Oando Plc, purportedly obtained a...
Nigeria attracted $1bn automotive investments in 2019, says FG The Federal Government has said its reforms in the automotive industry attracted investments worth over $1...
Nigeria loses N151.78bn crude oil monthly – NNPC Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum...
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...
2020: Zenith Bank defies pandemic to post good numbers Despite the pandemic and economic distruption that characterized the year, Zenith Bank Plc posted good numbers....
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...
Morocco’s central bank, Bank Al-Maghrib (BAM), is considering launching a central bank digital currency (CBDC), according to CoinDesk. A Central Bank Digital Currency (CBDC) is the digital form of a...
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...
Court nullifies SEC’s suspension of Oando’s AGM A high court at the Federal Capital Territory yesterday nullified Security and Exchange Commission’s (SEC) indefinite suspension...
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...
AfCFTA to push Nigeria, other economies to $29trn The elimination of tariff following the introduction of the African Continental Free Trade Area Agreement (AfCFTA) is...
Nigeria to import N319.8bn raw sugar from Brazil There are indications that Brazil would supply 80 per cent or 1.44million tonnes of raw sugar valued...
Bitcoin faces price turbulence as market liquidity falls With liquidity falling in the bitcoin market, smaller trades can have a relatively large price impact,...