Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors
Investors from the United Arab Emirates have pledged $2bn worth of investments into the…
Category: Market
Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3
Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT)…
Europe Gas Pipeline Group “Snam” Acquire 25% Stake In East Mediterranean Gas Company
Europe’s biggest gas pipeline group Snam said on Thursday it had completed the acquisition of…
Ondo State Governor To Inaugurate Cocoa Factory
An agro-allied company, Johnvent Industries Nigeria Limited, has said it has invested N3bn to boost…
Exxon Mobile To Double Earnings And Cash Flow By 2027
Exxon Mobil on Wednesday outlined a corporate spending plan that it said will double earnings…
No Plan To Exit The Nigeria Market- MTN
MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer…
Price Of Crude Oil Is Predicted To Rise To $150 Per Barrel
J.P Morgan Analysts led by Christyan Malek have predicted a rise in the price of…
MTN Nigeria Begin Sale Of Shares
MTN Group says it will sell up to 575 million shares held in MTN Nigeria…
Nigerian Stock Exchange Starts On A Downward Move
The Nigerian stock market began the week on a negative note as banking and consumer…
NGX Reopens Negative As Capitalisation Slumps By N20 Billion
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by…
Hong Kong Falls Nearly 3% As Asia Stocks Fall Amid Renewed Uncertainty Over Omicron Covid Strain; Oil Drops 3%
Shares in Asia-Pacific mostly fell on Tuesday afternoon as investors in the region continued to…
PIA: Natural Gas Price Rises By 50 Cents For Cement, Other Companies
The Domestic Base Price (DBP) of natural gas for heating has risen by half a…
Dangote Refinery To Become Highest Employer Of Chemical Engineers
The National President of the Nigeria Society of Chemical Engineers has revealed that Dangote Oil…
Seplat Energy Announces Plan To Acquire Exxon’s Shallow Water Assets
Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that…
China Enshrines Ride-Hailing Curbs In Another Blow To Didi
China issued its most comprehensive set of guidelines yet governing the growth and expansion of its…
Nigeria’s Exchange Rate Strategy Discourages Investors, increases Inflation – World Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and…
We’ve Carried Out Due Diligence In Honeywell Acquisition – Flour Mills
Flour Mills of Nigeria Plc (’FMN”) has assured its stakeholders that the recent announcement by…
Investors Lose N71.44bn As Oil, Banking Stocks Decline
Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn…
Flour Mills, Honeywell’s Market Capitalisation Jumps By 34%
Two of Nigeria’s largest flour milling companies, Flour Mills of Nigeria Plc and Honeywell Flour…
Fuel Worth N12.87bn Lost In Seven Months, Says NNPC
Petroleum products valued at N12.87bn were lost in seven months as oil theft and pipeline…
CBN Bars BVN Violators From Opening Bank Accounts
The Apex Bank in Nigeria, Central Bank of Nigeria (CBN) has barred BVN Violators from…
Dow Futures Plunge 400 Points Amid Fears Of New Covid Variant Found In South Africa
U.S. stock futures dropped in overnight trading on Thursday as investors geared up for a…
Shares Of Chinese Real Estate Developer Kaisa Pop 20% After Debt Restructuring Plan
Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns…
FG Suspends Aiteo’s Operation Over Oil Spill In Bayelsa
The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation…
No Court Order Restraining Acquisition, Say Flour Mills, Honeywell
Flour Mills Nigeria Plc and Honeywell Flour Mills Plc have said the proposed acquisition of…
Dollar Shortage, Subsidy, Deficit Financing Threatening Nigeria’s Growth – W’Bank
The World Bank has said that economic growth in Nigeria is being threatened by certain…
CBN Disburses N41.2bn To Cut Wheat Imports
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has…
SEC Approves MTN Offer For Sale Of 575 Million Shares
MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for…
US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices
The US has said it is releasing 50 million barrels of oil from its reserves…
Stock Trading Volume Drops, Market Cap Stalls At N22.58tn
The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the…