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NGX Trading Report: Market Records Turbulent Start, N259 Billion Loss
The Nigerian Stock Exchange (NGX) witnessed a turbulent start to the week as the All-Share Index declined by…
Julius Berger Officially Hands Over Second Niger Bridge to Nigerian Government
Construction giant Julius Berger has officially handed over the completed Second Niger Bridge to the Nigerian…
Prof. Benedict Oramah Named FORBES AFRICA Person of the Year 2023
Prof. Benedict Oramah, the President of the African Export-Import Bank (Afreximbank), has been named FORBES AFRICA…
Nigerian Exchange Lists Additional 398 Million McNichols Consolidated Shares
The Nigerian Exchange Limited (NGX) has listed an additional 398 million ordinary shares of McNichols…
Gold Hits Record Highs, Bitcoin Surpasses $41K in Year-End Rally
As markets enter the last month of the year, gold has reached record highs, trading at $2,100, while Bitcoin…
COP28 Delegates Launch Long-Awaited Climate Fund for Loss and Damage
Delegates at COP28 have made a surprising decision to launch a long-awaited fund to address damage from…
Russia’s Largest Oil and Gas Exporters Experience 41% Drop in Revenues
Russia's largest oil and gas exporters faced a significant challenge as their total revenues plummeted by 41%…
Nigerian Senate Threatens EFCC Involvement to Recover N135 Billion CBN Gas…
The Nigerian Senate has issued a threat to involve the Economic and Financial Crimes Commission (EFCC) in the…
Nigerian Ports Authority Emphasizes Compulsory Vessel Pilotage Regime to Boost…
Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), has highlighted the…
FirstBank Group Appoints Olukorede Adenewo as Managing Director of FirstBank UK
FirstBank Group has appointed Olukorede Adenewo as the Managing Director of FirstBank UK, effective from November…
Economic Challenges May Hinder Nigerian Insurance Sector’s Ambitious…
The Nigerian insurance sector's plans to generate a premium of N148.30 billion from third-party motor insurance…
Tribute Paid to Late Christopher Ogunbanjo for Contributions to Nigerian Capital…
A special tribute session and closing-gong ceremony were held at the Nigerian Exchange Limited (NGX) to honor the…
NGX Records Bullish Performance, Gains N51 Billion in Market Cap
The Nigerian Exchange Limited (NGX) continued its bullish trend, recording a 0.11% increase in the All-Share…
Nigerian Equities Market Rises by 0.11% Boosted by Top Advancers
The Nigerian equities market recorded a 0.11% increase, attributed to the positive performance of key advancers…
Nigeria Faces Challenges Meeting OPEC+ Oil Production Target, Independent…
Nigeria is encountering difficulties in meeting its oil production target set by OPEC+ for 2024, as revealed by…
SBG Securities Ceases Coverage on Sub-Saharan African Food Producers Amidst…
SBG Securities Research, a member of the Standard Bank Group, has announced that it will no longer provide…
Slowdown in Nigeria’s ICT Sector: Factors and Implications
Nigeria's Information and Communication Technology (ICT) sector, a key driver of economic growth for over five…
Surge in Pension Fund Transfers: Navigating Opportunities and Challenges
The Nigerian pension landscape has witnessed a significant shift as 178,164 contributors, managing a total of…
Nigeria’s 2024 Budget Deficit Challenges: Balancing Subsidy Removal Gains…
Despite the removal of fuel subsidies, Nigeria faces a historic budget deficit of N9.18 trillion in 2024,…
Equinor Sells Nigerian Business to Chappal Energies: A Shift in Oil and Gas…
Norwegian energy company Equinor has reached an agreement to sell its Nigerian business, including its stake in…
Nigeria Aims to Reduce Budget Deficit in 2024 Through Bold Reforms
Nigeria's President Bola Tinubu has unveiled ambitious plans to narrow the country's budget deficit to…
Bola Tinubu Appoints New Board and Management Team for NNPC Limited
President Bola Tinubu has appointed a new Board and Management team for the Nigerian National Petroleum Company…
FEC Approves N27.5 Trillion for 2024 Appropriation Bill
President Bola Tinubu presided over the Federal Executive Council (FEC) meeting, where the approval of the sum of…
Zenith Bank Signs MoU with French Government to Establish Subsidiary in France
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French government to establish a…
High Development Costs Keep Many Marginal Fields in Nigeria Dormant
Several marginal oil fields in Nigeria remain undeveloped years after being awarded to companies due to the…
Delisting of Union Bank from NGX Results in N132bn Market Capitalization Loss
The delisting of Union Bank of Nigeria's shares from the Nigerian Exchange Limited (NGX) led to a N132 billion…
Fintech Firm BFREE Explores Acquisition of Distressed Loan Portfolios from Union…
BFREE, a German-Nigerian fintech firm, has signed a Memorandum of Understanding (MoU) with Union Bank of Nigeria…
Central Bank of Nigeria Calls for Banking Sector Recapitalization to Support…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has issued a directive calling for the…
Nigeria’s GDP Grows by 2.54% in Q3 2023, Driven by Services Sector
Nigeria's Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023,…
Dangote’s $20 Billion Refinery to Start with 350,000 Barrels Per Day
Aliko Dangote, the President/CEO of Dangote Group, has revealed that the $20 billion Dangote refinery in Lekki,…