CBN Clears Foreign Airlines’ Unpaid Claims
The Central Bank of Nigeria (CBN) announced that it has settled outstanding payments owed to foreign airlines operating in the…
Category: investment
GlaxoSmithKline Reports 33.76% Profit Decline
GlaxoSmithKline Consumer Nigeria Plc witnessed a significant 33.76% decline in profit, dropping to N510.80 million in 2023 from N771.15 million…
Geregu Power Plc Proposes N8 Dividend per Share
Geregu Power Plc’s board of directors has announced a proposed dividend of N8 per share for the 2023 financial year.…
NNPC Engages South Korea for Gas Projects
The Nigerian National Petroleum Company Limited (NNPCL) has initiated discussions with a South Korean consortium led by Daewoo E &…
Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is preparing to import crude oil from…
Nigerian Domestic Stock Transactions Surge to N1968.4bn YTD, Foreign Investors Remain Cautious Amid Forex Challenges”
Domestic transactions on the Nigerian Exchange Limited have soared to N1968.4 billion year-to-date, surpassing the entire value of transactions by…
Stock Market Buzz: FBN Holdings, Japaul, UBA, and More Drive Active Trading Frenzy
In a dynamic trading session, the Nigerian stock market witnessed high activity, with FBN Holdings, Japaul Gold, UBA, Access Corporation,…
Surge in BUA Foods and Dangote Sugar Stocks Sparks Market Rally, Adding N324 Billion to Market Capitalization
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like…
Auditor-General Raises Concerns Over Non-Performing Investments in NSSF
The Auditor-General has flagged non-performing investments totaling Sh630.3 million in the National Social Security Fund (NSSF), a State-controlled entity in…
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform, Binance Connect. This decision comes as…
NSIA, Beating the Odds With Higher Investments and Better Financial Results
As a means of encouraging Nigerian inventors and technopreneurs to develop solutions that address real-world problems with a worldwide applicability,…
FIRS and NCDMB Offer a 20% Tax Refund to Encourage Investment in the Oil Business.
Oil and gas businesses seeking to lower their tax obligations and increase profitability by investing in R&D are being offered…
T-bills, Bonds Still Safest to Invest in — Ebo Turkson
According to Assistant Professor of Economics Prof. Festus Ebo Turkson, notwithstanding the government’s incapacity to pay its debts, Treasury securities,…
Foreign Investors Dump Over Four billion NSE Shares
In multi-year selloffs, foreign investors have sold nearly four billion Nairobi Stock Exchange (NSE) shares, making the stock market more…
Unilever Nigeria to Quit the Skin Care and Home Care Industries.
Unilever Nigeria’s Fast Moving Consumer Goods division has announced that it will leave the skin care and home care industries…
Nestle SA Invests N90bn in its Nigerian Arm.
Nestle South Africa, a food and beverage corporation, has purchased N90.29 billion worth of Nestlé Nigeria Plc shares. The transaction…
Guinea Insurance Gets Fresh N900m Capital
According to Guinea Insurance Plc, it invested around N900 million in its operations during the 2022 fiscal year. In addition,…
Dangote Cement Will Issue A Dividend Of N20 Per Share.
A N20 dividend per share has been declared by Dangote Cement at the conclusion of the 2022 fiscal year. This…
NIPC Intends To Draw More International Investment.
According to the Nigerian Investment Promotion Council, initiatives are being made to make Nigeria a popular place to invest. This…
A Majority Share in FSG is Purchased by Africa Lighthouse Capital.
As certain regional competition authorities applauded its proposed purchase of further shares in funeral services provider Funeral Service Group (FSG),…
Contributory Pension Assets Increased to N14.9 trillion.
The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from the National…
Classera Generates $40 Million Funds And Plans to Expand in Africa
The largest Series ‘A’ investment in EdTech history for an unfunded startup was successfully completed by Classera, a worldwide EduTech…
AfricInvest Purchases a Small Investment in Justrite.
An African private equity company, AfricInvest, has acquired a small share in the Justrite supermarket chain in Nigeria. The company…
Nigerian Market will Benefit from Canadian Real Estate Policy.
According to stakeholders, Canada’s decision to ban foreign real estate investors will have a positive effect on the real estate…
By 2025, SEC Expects to have Invested N5 trillion in Shariah Products.
Lamido Yuguda, the director general of the Securities and Exchange Commission (SEC), stated in Abuja that the recently released Capital…
ARUWA Capital Management Receives a USD 1.5 million Equity Investment
ARUWA Capital Management, based in Nigeria, has received a USD 1. 5 million equity investment from FSDAi Nyala Facility BV…
We will keep Cracking Down on Ponzi Schemes – Nigeria’s SEC.
In an effort to stop the operations of Ponzi schemes, the Securities and Exchange Commission (SEC) has reassured the investing…
Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.
According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that specialize in software…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant long-term market for South…
Investors Rush As the Fed Government’s N100 billion Sukuk Closes.
The offer period for the federal government’s continuing sovereign Sukuk is coming to an end. Therefore, investors are scrambling to…