Bear Bites Harder In Customs Street As Investors Lose N858bn
The local stock market recorded its biggest daily lose as the market capitalisation further sank by N858.3 billion, OduNews reports.
Risevest CEO, Eke Urum, Found Guilty Of Sexual Misconduct
The founder of Fintech Startup Risevest, Eke Urum has been found guilty of sexual impropriety, abuse of power and workplace bullying.
Arik Air Announces 20% Discount For Flights Booked In October
Arik Air has rolled out incentives to its frequent travellers to mark the company's 8th anniversary.
Interswitch, World Bank Unveil Global Payment Innovation Report
Interswitch Group has unveiled the 2022 Global Payment innovation Jury report with support from The World Bank and Global Processing Services (GPS).
DMO Releases FGN Bond Issuance Calendar For 4Q’22, Plans N720bn Domestic Loan
The Debt Management Office in its FGN Bond Issuance calendar for the fourth quarter of 2022 has listed a N720 billion domestic loan plan for the period.
Afreximbank, Nigeria Sign Host Country Agreement For African Medical Centre Of Excellence
Afreximbank and the Nigerian government have signed the Host Country Agreement for the first African Medical Centre of Excellence (AMCE) under construction in Abuja, Nigeria.
Access Bank Expands To Angola With Acquisition Of 51% Majority Stake In Finibanco
Access Bank Plc has expanded to the Angolan market after it acquired a 51% majority stake in Finibanco, OduNews reports.
Bears Persist At NASD OTC As Market Cap Falls By 0.23%
The NASD Over-the-Counter Securities Exchange remained in the bearish territory on Wednesday owing to losses in the shares of FrieslandCampina Wamco Nigeria Plc.
Nigeria Losing About N65bn To Pipeline Vandalism Every Two Days – NNPC Ltd
The Nigeria National Petroleum Commission Limited says the country loses about N65.1 billion ($150 Million) to oil vandals every two days.
Magnificent Multiservices Registers N20bn CP On FMDQ
Magnificent Multiservices Limited has registered a N20bn series 1 Commercial Paper programme on the FMDQ Securities Exchange platform, OduNews reports.
Geregu Power Gains 10% On First Trading At Customs Street
Geregu Power Plc recorded a 10% gain on its first trading day on the floor of the Nigerian Exchange (NGX) Limited, OduNews reports.
NDIC Liquidates Over 400 Insured Banks
The Nigerian Deposit Insurance Cooperation (NDIC) says it has liquidated 467 insured banks since it began operations.
AfDB Doles Out $25m Loan For Nigerian SMEs
AfDB has approved a $15 million trade finance line of credit and a $10 million transaction guarantee for FSDH Merchant Bank in Nigeria.
Unlisted Securities Exchange Opens Week With N5.85bn Loss
The NASD Over-the-Counter Securities Exchange went down by N5.85 billion on the back of losses in the shares of FrieslandCampina Wamco Nigeria Plc.
FCMB Celebrates Customers, Peerless Service, Talents
FCMB says it is creating a feeling of happiness and satisfaction for its customers across all service touchpoints.
Wema Bank Begins Telemedicine Service For Customers
Wema Bank says it has partnered with Health Connect to launch a telemedicine service designed to deliver first-level medical services to customers.
World Bank Cuts Africa’s Economic Growth To 3.3%
The world bank says Africa's economy is on the negative slope over local and global headwinds that have resulted in rising inflation.
Bears Dominate Local Stock Market As Investors Lose N77.92bn
The Nigerian Exchange (NGX) Limited opened the week in negative territory as investors recorded a loss of N77.92 billion.
Fidelity Bank Shareholders Approve Private Placement Of Unissued Ordinary Shares
Fidelity Bank Plc has gotten the approval of its shareholders to issue the unissued ordinary shares by private placement.
NNPC Reports N674bn Profit In 2021
The Nigerian National Petroleum Commission Limited says it generated N674 billion Profit After Tax (PAT) in 2021.