Unilever Nigeria Generated N52.21 Billion Revenue In 12-Months Ended December 2021
Unilever Nigeria Plc reported its Q4 12-months unaudited Annual Financial Statement, revealing a 35.07% growth…
Category: Market
Nigeria’s Credit Risk Spikes As FG Extend Fuel Subsidy Policy
The Federal Government’s decision to extend the implementation of the fuel subsidy removal policy has…
NNPC Advice Against Panic Buying Of Petrol
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages…
Oil Price Hits $90 Per Barrel
Oil prices rose on Wednesday to $90 a barrel for the first time since 2014…
Nigeria: Marketers Raise Diesel Price To N355 – N360
The upturn in global crude oil prices has pushed the landing cost of Premium Motor…
Uber Launch UberMoto In Ibadan, Nigeria
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option,…
Mixed Trade In Asia Stocks
Asia markets traded mixed on Wednesday, after U.S. equities tumbled overnight in another volatile session…
Nigeria: Truck Owners Threaten To Sue NPA Over ‘Extortion’
Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA)…
Nigeria Record N74.51bn Oil Revenue Lost In December
A new monthly report of the Organization of the Petroleum Exporting Countries has shown a…
Stock Market Bearish Bet Boost Short Sellers Profit
Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel…
Nigeria’s Recorded $55.5bn Forex Inflow In Seven Months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from…
Dangote Refinery And Fertiliser Projects To Kick Off Before September
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will…
Nigerian Breweries List Additional Shares
Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc (Nigerian Breweries or…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn…
Capital Market Rose By N248 Billion
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost…
10-Year U.S. Treasury Yield Rise Above 1.83 Percent
The sudden spike in the 10-year U.S. Treasury yield eased on Thursday morning, with it…
Dangote Oil Refinery To Reduce Importation Of Petroleum Products By 36 Per cent
The African Petroleum Producers Organisation (APPO) has said that Dangote Oil Refinery would reduce importation…
Naira depreciates as banks shift BTA/PTA rates to N419 per dollar
The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel…
Nigerian Food-Tech Startup “Orda”Raises $1m In Pre Seed Round
Orda, a Nigerian food-tech startup, says it has raised a pre-seed round capital of $1.1…
China Experienced 8.1% Economy Growth In 2021
China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end…
European Markets Aim For Higher Open
European stocks are expected to open higher on Monday as global markets digest the latest…
Nigeria MSMEs Contribution Rises By 3.7% – SMEDAN
The Director-General of Small and Medium Enterprises Agency of Nigeria (SMEDAN), Dikko Umaru Radda, said…
Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove Restrictions
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank…
Oil Price Hits $85: More Subsidy To Be Paid By Nigerians
Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of…
Stanbic, Standard Chartered, Citi Lead As Banks Record $38.2bn Foreign Inflows
Stanbic IBTC, Standard Chartered Nigeria, and Citibank Nigeria lead as capital importation from banks hit…
Days After Listing, BUA Foods’ Shares Jump 46.25%, Market Cap Hits N1.053trn
The shares of BUA Foods Plc have appreciated by 46.25 percent on the Nigerian Exchange…
Bolt Now Valued Above $8bn After Raising $712m To Expand Product Lines
Bolt, a ride-hailing company, says it has raised $712 million (€628 million) to expand its…
French Refurbished Smartphone Seller Back Market Valued At $5.7 Bln
Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday…