Stock Market Falls By 0.23% As Investors Offload Equities
The Nigerian Stock market recorded a fall of 0.23% as investors rebalanced their portfolios by offloading equities in the consumer goods, banking and energy sectors.
Bakers Stop Bread Production Over High Cost Of Flour, Others
Premium Breadmakers Association of Nigeria says its members will stop the production of bread today to protest against the high cost of baking materials.
NNPC Limited To Launch IPO Mid 2023
The Nigerian National Petroleum Company Limited will launch an Initial Public Offering (IPO) in the middle of 2023, OduNews reports.
Stock Investors Record N6bn Loss Over MPR Hike
The increment of the Monetary Policy Rate to 14% took its toll on the stock market on Tuesday as investors recorded a N6 billion loss.
CBN To Clamp Down On Bank Customers Withdrawing Naira To Buy Dollar
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the bank accounts of customers who withdraw naira to...
NNPC Limited To Sell Fuel At Price Dictated By FG -Mele Kyari
The Chief Executive Officer of the newly floated Nigerian National Petroleum Company Limited, Mele Kyari, says the company will carry out its business at the price dictated by the federal government and promised to publicly declare its asset base soon.
LIS Collectibles Unveils ‘Stellar Collections’
LIS Collectibles is excited to announce the launch of their ‘Stellar Collections’ on July 19, 2022. The collections are ready-to-wear...
JUST IN: CBN Raises Interest Rate To 14%
The Central Bank of Nigeria has raised the Monetary Policy Rate from 13 percent to 14 per cent.
Stanbic IBTC Advises Customers On Safe Online Financial Transactions
Stanbic IBTC has rolled out some tips to customers to help them carry out safe online financial transactions.
AfDB, SEC Sign $460,000 Capital Market Surveillance Deal
Nigeria's Securities and Exchange Commission (SEC) and the African Development Bank Group (AfDB) have signed an agreement for a grant worth $460,000 on a market surveillance system project.
At 20%, Nigeria’s Inflation Rate Surpasses World Bank’s Projection
Nigeria's inflation rate has hit 20%, a figure higher than the projected 15.5% by the World Bank.
Naira Exchanges For ₦612 Per Dollar At Parallel Market
The Naira on Monday was sold at N612 per dollar at the exchange platform, Aboki Forex.
UBA Begins Operations In UAE, Launches Branch In Dubai
The United Bank for Africa (UBA) Group has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC).
Unilever Reports N1.91bn Profit In H1 2022
Unilever Nigeria Plc has reported N1.91billion profit in its half-year unaudited financial statement for the period ended June 30, 2022.
Commercial Bank Receives N48.64trn Deposits In Q1″22
Commercial banks in Nigeria received N48.6 trillion in deposits in the first quarter of 2022.
Economic Crisis Looming In Nigeria, Others Over Inflation, Debt – IMF
The International Monetary Fund says the economies of Nigeria and other African countries are being pushed to the brink as a result of inflation, debt and forex crisis.
AfDB To Support Local Banks, SMEs With €50M
The African Development BanThe African Development Bank board of directors have approved €50 million to support local banks and Small and Medium Enterprises in Africa.k board of directors have approved €50 million to support local banks and Small and Medium Enterprises in Africa.
Stock Market Declines As Index Drops 0.32%
The Nigerian stock market recorded a dip yesterday as the All-Share Index decreased to 51,390.25 basis points after a two-day holiday break.
Airtel, Dangote Cement Top Most Capitalised Stock On NGX In H1’22
Airtel Africa and Dangote Cement Plc topped the most capitalised stock on the Nigeria Stock Exchange Limited throughout the first half of 2022.
Elumelu Seeks Stronger US-Africa Partnership For Transformation
The founder of Tony Elumelu Foundation and chairman of Heirs Holdings, Tony Elumelu, says there is a need for a sustained, substantive relationship between Africa and the United States of America.