Investors gain N50.35bn as 31 stocks rise
Investors gained N50.35bn on Monday at the end of trading on the floor of the Nigerian Exchange Limited. The market…
Category: Market
Nigerian Breweries’ annual revenue grows by 29.7%
Nigerian Breweries Plc has said its revenue for the 2021 financial year rose by 29.7 per cent to N437.19bn from…
Ghana Cedi Ranked As Second Worst Performing Currency
The Ghana cedi has been ranked as the second worst-performing currency. The local currency has depreciated by 4.70% to the…
Nigerian Content Attracts $8bn Annually, Says NCDMB
The implementation of the Nigerian Oil and Gas Industry Content Development Act has created over 50,000 direct jobs in the…
Investors Turn To Gold As Stock Stumbles
Stock markets fell on Thursday after Russian-backed separatists and Ukrainian government forces accused each other of firing shells, sending traders…
‘Only 10% Of Nigerian Farmers Engage In Mechanised Farming’
The National Chairman of Tractor Owners and Hiring Facilities Association of Nigeria, Danladi Garba, on Wednesday, lamented that only 10…
Inflation Hits Louis Vuitton, Price Tags Going Up
Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation…
Russia’s Yandex Eyes $6.5 Bln Annual Revenue In 2022 After FY Profit Slip
Russian internet giant Yandex on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects…
Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts warn
Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the…
DFI Signs Off On Investment In Knife Capital’s Latest Fund
Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series…
Oil Price Rises To $95 A Barrel Amid Russia-Ukraine Tensions
Brent crude oil rose to $95 a barrel for the first time since October 2014 amid between Russia and Ukraine. Brent…
UK Economy Grew 7.5% In 2021, Mostly Recovering From Its Pandemic Plunge
The British economy grew 7.5% in 2021, official figures revealed Friday, rebounding from its historic 9.4% plunge in 2020 when…
NNPC May Spend N201bn To Clean 170.25m Litres Of Dirty Fuel
The Nigerian National Petroleum Company Ltd. may need an estimated N201 billion worth of clean Premium Motor Spirit (petrol), to…
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
Nigeria President Order That Importers Of Contaminated Fuel Be Held Accountable
President Muhammadu Buhari has ordered that those responsible for importing petrol with higher than normal amounts of methanol, which caused…
Facebook Asks Nigerian Customers To Update Records By Feb 25
Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT) identification numbers by February 25.…
PepsiCo, Coke Revenues Surge On Higher Prices, Inflation Casts Shadow
PepsiCo Inc and Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Thursday, supported by recent price increases and…
Coca-Cola Beats Quarterly Revenue Estimates
Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and…
Prioritise interest of investors’ — SEC tells capital market operators
Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market operators to prioritise…
Ukraine Strategist Predicts How Oil Will Hit $120 Per Barrel
Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran…
Arla Foods And Partner Tolaram Group Agree To Build Dairy Farm In Kaduna, Nigeria
As part of efforts aimed at boosting local milk production, Arla Foods, makers of Dano Milk, says it has signed…
Nigeria Reps Tells APCON, NAFDAC, Others To Monitor Online Drug Adverts
The House of Representatives has called on the Advertising Practitioners Council of Nigeria to liaise with social media giants and…
MTN Pays NCC’s 5G License Fee Before Deadline
MTN Nigeria has paid the 5G license fee ahead of the February 24 deadline issued by the Federal Government of…
European Market Experience Little Change After Opening Bell
Europe markets opened flat on Friday as investors digested key updates from both the Bank of England and the European…
OPEC To Raise Oil Production 400,000 Barrels Per Day
The Organisation of the Petroleum Exporting Countries and its Russia-led partners decided on Wednesday to raise oil production by 400,000…
Nigeria: Marketsquare Replaces Shoprite At Maryland Mall
Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of Shoprite. According…
Dangote Peugeot Automobile Begins Operation In Nigeria
Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and…
Coinoil And Three Others Grew Their Revenue By 49.96 Per Cent
Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year…
European Markets Climb Amid Global Gains
European stocks moved higher on Wednesday amid positive momentum in global markets. The pan-European Stoxx 600 added 0.6% in early…