Analysts Advices Investors on Rising Inflation
As inflation continues its upward trajectory, analysts are advising equity market investors to remain resilient by focusing on stocks with…
Author: ayotilewa
Transcorp Hotels Joins N1tn Market Cap Club
Transcorp Hotels Plc, a key player in the hospitality industry, has achieved a significant milestone by entering the club of…
Access Holdings Acquires Megatech Insurance Brokers
In a statement filed with the Nigerian Exchange Limited on Monday, Access Holdings Plc has successfully acquired Megatech Insurance Brokers…
Gates Foundation Announces Annual Budget of $8.6bn, Focuses on Global Health Innovations
The Bill & Melinda Gates Foundation has unveiled its annual budget of $8.6 billion for the year 2024, allocating a…
Afreximbank and UBA Disburse $2.25 Billion Oil-for-Cash Loan to NNPC
The African Export-Import Bank and the United Bank for Africa have successfully disbursed $2.25 billion from the $3.3 billion oil-for-cash…
Nigeria is not an Import-dependent Country-Data
According to World Bank data, Nigeria is not as import-dependent as perceived by many people. Nigeria, despite being an oil-producing…
Ajaokuta Steel Company: Struggle for Industrialization
Despite being an emblem of Nigeria’s industrial aspirations since its initiation in 1979, the Ajaokuta Steel Mill continues to face…
SERAP Advocates 70% Cut to National Assembly Budget, Deeming it Excessive
Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has called for a significant reduction of 70% to the National Assembly’s budget,…
EFCC Reignites High-Profile Corruption Cases
The Economic and Financial Crimes Commission (EFCC) has revived high-profile corruption cases involving former governors and ministers. The renewed investigations…
Expect Exchange Rate to Improve- Minister Bagudu
The Minister of Budget and Economic Planning, Atiku Bagudu, anticipates an improvement in the exchange rate, citing the ongoing exchange…
Nigerian Exchange: YTD Gains, Investors profits 1.8tn
Less than a month into the New Year, the Nigerian Exchange Limited has achieved double-digit year-to-date gains, signaling a sustained…
FG to Boost internet Connectivity in Eight States
In the first quarter of 2024, Nigeria is set to launch the National Broadband Alliance for Nigeria, an initiative aimed…
Opportunities in 2024 Budget for Nigerian Economy-First Bank CEO
Adesola Adeduntan, the Chief Executive Officer of First Bank of Nigeria, emphasized the presence of opportunities in the 2024 budget…
Potential 400% Revenue Increase through Foreign Investment in Hospitality- Stakeholders
Stakeholders in the hospitality industry have highlighted the potential for a substantial 400% increase in revenue within six months through…
NOVA Merchant Bank Increases Employee’s Salary by 50% Salary
NOVA Merchant Bank Limited has implemented a substantial 50% salary increase for its staff effective November 1, 2023. The bank,…
Ajaokuta Steel Company Faces Disconnect Over N33bn Electricity Debt, FG Begins Investigation
The Federal Government has announced an investigation into the non-functioning Ajaokuta Steel Company Limited, which accumulated a staggering N33bn in…
FG Adopts N800 to Dollar Exchange Rate in 2024 Budget
With the aim of ensuring stability in the 2024 Appropriation Act, the Federal Government disclosed on Thursday that it settled…
ILO Warns of Global Job Losses in 2024, Projects 5.2% Unemployment Rate
The International Labour Organisation (ILO) has issued a projection, stating that approximately two million workers could lose their jobs in…
Multinationals May Exit Nigeria in 2024 Amid Economic Environment- Report
A recent report by financial solutions firm Cardinal Stone suggests that multinational firms in the Fast Moving Consumer Goods (FMCG)…
Wema Bank Reports Over 130% Growth in Profit
Wema Bank has showcased remarkable financial performance in the third quarter of 2023, as its Profit Before Tax surged by…
Emerging Africa Capital Redeems Series 3 Commercial Paper Worth N1.6Bn
Emerging Africa Capital Limited, an Investment Banking and Financial Services company, announced the successful redemption of its Series 3 commercial…
Nigerian Stock Market Bounces Back, Gains N313bn
The Nigerian Exchange Limited closed on a positive note on Thursday, with investors gaining approximately N313bn. The All-Share Index rebounded…
International Breweries Plc Board Considers Rights Issue and Share Capital Increase
International Breweries Plc’s Board of Directors is set to deliberate on a Rights Issue and an increase in its share…
cNGN Faces Challenges as CBN Plans Transition from eNaira
As the Central Bank of Nigeria (CBN) prepares to introduce cNGN, its stablecoin, through commercial banks and fintech companies, challenges…
EFCC: Ministers get Investigated, ICPC Recovers N50bn
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) successfully recovered N50bn that was on the brink of embezzlement.…
Naira Depreciates by 26.36% Against Dollar as CBN Clears $2bn Debt
The Nigerian Naira has experienced a significant 26.36% depreciation against the US Dollar in the official Investor and Exporter window…
Hassan Imam Gets Appointed as New CEO of Keystone Bank
The Central Bank of Nigeria (CBN) appointed Hassan Imam as the new Chief Executive Officer and Managing Director of Keystone…
FG Allocates N450bn for Power Interventions in 2024 Budget
The Federal Government of Nigeria allocates N450 billion towards power interventions in 2024, as revealed in the budget analysis of…
Nigerian Stock Market Drops by N638bn in the New Year
The Nigerian Exchange Limited experienced its first depreciation in market capitalization for the New Year as the market cap declined…
Oil Marketers Seek Collaboration with Dangote Refinery
Oil marketers, represented by the Independent Petroleum Marketers Association of Nigeria, plan to meet with Dangote Petroleum Refinery management to…